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Companies pausing travel over virus fears

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Old 02-28-2020, 10:24 AM
  #1  
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Default Companies pausing travel over virus fears

Here's a big one. Amazon has advised its employees to pause nonessential travel domestically.

https://www.cnbc.com/2020/02/28/amaz...ronavirus.html
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Old 02-28-2020, 10:40 AM
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Originally Posted by Intrdmnslalien View Post
Here's a big one. Amazon has advised its employees to pause nonessential travel domestically.

https://www.cnbc.com/2020/02/28/amaz...ronavirus.html
just stupid on Amazon’s part...
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Old 02-28-2020, 10:43 AM
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Also in the above article:

"Several major tech companies have also curtailed employee travel or canceled conferences scheduled for the coming months as a result of the coronavirus outbreak. Facebook on Thursday announced it would cancel its annual F8 software developer conference, while Workdaycanceled its internal sales conference that was slated to kick off next week."
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Old 02-28-2020, 11:09 AM
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Originally Posted by SparrowBird View Post
standby for some troll to come here and say how the virus isn't bad. That may be true but it's the panic we should be worrying about.

also the market dropped another 700 points today. We're down 4000 points in a single week. Most drop in history.
Troll? Pot meet kettle.

Nice panic-inducing fake news.

"Most drop in history"

Points are irrelevant to history, points get inflated over time like everything else.

Percentage drop is a far better historical comparison. We're not even on the chart (not absolutely ruling it out just yet).

https://en.wikipedia.org/wiki/List_o...strial_Average
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Old 02-28-2020, 11:09 AM
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There’s gonna be some degree of disruption for the next three to six months and it may be 18 months before we completely get back to normal, By this Fall, 80% of us will have already had the coronovirus.
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Old 02-28-2020, 11:22 AM
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Originally Posted by Excargodog View Post
By this Fall, 80% of us will have already had the coronovirus.
How many already have and will never know it? How many people go to the doctor when they're sick? And of those, how often do doctors actually do any testing? Or do they just give you a prescription for something and tell you to take it easy...
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Old 02-28-2020, 11:37 AM
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Originally Posted by LabDad06 View Post
How many already have and will never know it? How many people go to the doctor when they're sick? And of those, how often do doctors actually do any testing? Or do they just give you a prescription for something and tell you to take it easy...
This is a good question...

The entire state of CA had less than 300 test kits on hand.

People are testing positive in quarantines while having never shown a symptom.

Its impossible to contain something you can’t even “see.”
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Old 02-28-2020, 11:49 AM
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Originally Posted by Excargodog View Post
There’s gonna be some degree of disruption for the next three to six months and it may be 18 months before we completely get back to normal, By this Fall, 80% of us will have already had the coronovirus.
2% fatality rate.


275 million in this country.

80% have virus means 220 million get it.

2% fatality means 4.4 million Americans dead.
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Old 02-28-2020, 12:01 PM
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Originally Posted by ShyGuy View Post
2% fatality rate.


275 million in this country.

80% have virus means 220 million get it.

2% fatality means 4.4 million Americans dead.
2% fatality rate for those KNOWN to have had it, so far. But how many have had it without knowing it? It's proven there are those with it that haven't even shown any symptoms, how many more of those are there? How many have been sick and didn't get tested? How many who have been sick and just stayed home like they normally do, and got better? Do you personally go see a doctor every time you're sick? I don't. Most people don't. If you're that afraid, take time off from your job, barricade yourself in your home, and wait it out.

I bet with time we'll see the perception was far worse than the reality.
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Old 02-28-2020, 12:12 PM
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Originally Posted by SparrowBird View Post
standby for some troll to come here and say how the virus isn't bad. That may be true but it's the panic we should be worrying about.

also the market dropped another 700 points today. We're down 4000 points in a single week. Most drop in history.
Actually the market had a little run at the end of the day and was "only" down 357 at close. The Nasdaq actually barely eked out a gain. So not a good week by any stretch, but I don't think it was the worst week in history on a percentage basis.

Maybe this virus will kill us all, but that is far from clear. The herd mentality, amplified by social media, is really driving the panic right now. As many of you have probably gathered from other posts, I've been pretty negative about AA specifically lately. But I am optimistic that the coronavirus won't be nearly as bad as some would have you believe. As always, I could be wrong.
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