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- 3/17/19 UPDATE -- We've updated the permissions for our "Football" and "Commit to the G" recruiting message boards. We aim to be the best free board out there and that has not changed. We do now ask that all of you good people register as a member of our forum in order to see the sugar that is falling from our skies, so to speak.
Covid-19
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Comments
Thanks for sharing your point of view, Tex. The economy is also a very valid concern right now. Unlike some sensationalist sources may have you believe, we are not on the verge of an economic collapse due to the virus, quarantines enforced or not. The economy will recover and hopefully we will all learn some lessons from this going forward.
For your point on those nearing or already at retirement age, this is why financial advisors recommend having a higher percentage of bonds and stable investments for those people as opposed to the portfolio of a 22-year old, which is generally recommended to be 80+% equities. If you’ve looked at a target-date fund for 2025 vs 2060, you’ll see a much higher percentage of bonds in the 2025 fund to hedge against a market crash right before retirement. I don’t want to seem rude, but if you’re nearing or at retirement age and your portfolio has 80+% stocks, you’ve really all but done this to yourself. A market crash will not affect a properly allocated portfolio nearly as much as an improperly allocated one. Eventually, the market will go back up and the money will be back. It’s important to not sell stocks now if you can swing that and still survive. Take from bond holdings if you can.
Not directed at you Tex, but I also need to say this:
Obviously in my previous posts I haven’t been able to completely keep my cool and have said some things I probably should not have. For that I do apologize, but seeing misinformation being spread that could seriously jeopardize the lives of others really works me up. If one wants to not take this seriously because of the media or some conspiracy or whatever that’s one thing, but when your words and actions affect not only yourself but also others that could be at a higher risk, that’s just plain wrong and needs to be called out. The mentality of “It won’t kill me so who cares if I get infected” won’t kill you, but it could very well kill someone you care about. I know I have parents and grandparents that I love very much, and this is a danger moreso to them than myself. That’s why I take this so seriously.
/textwall
Talk about misinformation
The vast majority of Australia’s 120 cases were people who recently traveled overseas. They have a very small percentage of cases involving community transmission. So incorrect. Australi is not a model showing this is a warm weather contagion.
@Bankwalker Once again, you’re really not worth the time, but here goes nothing. The source claiming 1 in 10 requires ICU comes from medical professionals in EUROPE. Places that are currently testing much more than the UNITED STATES, shown by the chart from the CDC that I also provided. Please actually read and digest the information provided before posting in the future.
Has anybody shown if the Covid test shows false positives? We know you can get a false positive from the flu test. I'm curious at how many of the Covid test might show false positive.
Also, if I'm not panicking about this virus, I'm now callous? I'm not panicking and I don't think I'm callous. I'm being very cautious and doing my part to make sure I don't get the virus as I'm sure most Americans are but I refuse to let the media tell me I should be scared to death. It's a good thing we don't panic over the flu season every year since more people have died from that.
Australia is experiencing community transmission of SARS-COV-2. Stick to bartending.
This is a really long-winded way of saying, “I don’t trust the opinions of healthcare professionals and I know way better than them”
Sounds like anti-vax rhetoric to me
The type of test done for COVID has a very small chance of false positives. It's very sensitive
Thanks. I haven't heard or read anything about it and was wondering. I'm still not going to panic but I will continue to be cautious. That's really the best any of us can do.
You're exactly right. Calm but cautious
But aren't we prepared for the yearly flu in ways we aren't prepared for this? We've got mountains of historical data to look at and a good sense of how the regular flu will impact populations. We don't freak out about that because it's predictable.
Your brilliance is just really astounding. You know more about everything than the know it all who got banned for knowing everything
What does this prove? The article states there was community transmission but it was contained. Are you ok?
I think I'm catching the virus from reading this thread. Do we know if it can be spread through e-communications? 😷
I’m a financial planner. While you’re right about the markets, I would argue that if this is really hurting people at retirement age, then they were very poorly advised about their portfolio construction. Unfortunately, after a 10 year bear market, many are probably far too aggressively allocated towards stocks.
IMO, the answer to the health problem is a full on quarantine/containment/mitigation strategy. The obvious problem with that solution is what you alluded to: economic devastation. No good answers available.
Also, because this seems to have at least a factor of 10X greater fatality risk than the flu, it can’t be as easily ignored as we often do with the flu. I’m 52 and healthy with high school kids. On paper, none of us is at any risk. Unfortunately, my father in law is 77 with COPD. Would hate to be a carrier to him.
The media is overhyping this - as they do everything. Remember the days before 24 hr news? Healthier times IMO regardless of one’s political affiliation.
I hope everyone on this board follows the science and not their favorite pundits (regardless of politics).
I believe it is most deadly on football forums, Twitter, etc.