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Old 03-10-2020, 09:11 PM   #251
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Default Re: March Madness and Covid-19

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Yeah it’s just a way to say past performance doesn’t guarantee future results. Think about it, stock prices are based on what investors faith is in the company going forward. It’s why you’ll see an earnings report for a company that beats estimates and sales were awesome, yet the stock tanks because their future guidance wasn’t as good. What the company has done isn’t as important as what it will do.

That is what that statement is based upon.
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It's more like "what have you yet to do for me lately."
Using your phraseology, it would be “what are you going to do for me tomorrow”
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Old 03-10-2020, 09:14 PM   #252
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Default Re: March Madness and Covid-19

Btw, just fit a breaking news alert, covid-19 cases just topped 1,000 in America. 13 days ago they were at 15.
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Old 03-10-2020, 09:16 PM   #253
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Default Re: March Madness and Covid-19

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Btw, just fit a breaking news alert, covid-19 cases just topped 1,000 in America. 13 days ago they were at 15.
Just wash your hands and elbow tap and everything will be fine Steve. Lol
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Old 03-10-2020, 09:21 PM   #254
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Default Re: March Madness and Covid-19

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Using your phraseology, it would be “what are you going to do for me tomorrow”
That it is.
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Old 03-10-2020, 09:22 PM   #255
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Default Re: March Madness and Covid-19

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Just wash your hands and elbow tap and everything will be fine Steve. Lol
Haha, Yep!
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Old 03-10-2020, 09:26 PM   #256
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Default Re: March Madness and Covid-19

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Using your phraseology, it would be “what are you going to do for me tomorrow”
Now your talking to me in terms that I can understand....ha.
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Old 03-10-2020, 09:30 PM   #257
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My judgment isn’t clouded in the least. This situation calls for MORE awareness, not dismissal and denial. There’s a lot of space between panic and vigilance.
We can be more aware and that's certainly the best response, but people will be people. Remember Y2K? It's rather hard to predict the response to certain stimuli. Have you visited your local supermarket as of late? I have a few times over the past week and there are no more people in the store, as the parking lot is no more full. Am I supposed to believe this all falls on the shoulders of a single person? Of course not for we know better.
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Old 03-10-2020, 09:31 PM   #258
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Now your talking to me in terms that I can understand....ha.

Bourbon run!
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Old 03-10-2020, 09:33 PM   #259
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Default Re: March Madness and Covid-19

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We can be more aware and that's certainly the best response, but people will be people. Remember Y2K? It's rather hard to predict the response to certain stimuli. Have you visited your local supermarket as of late? I have a few times over the past week and there are no more people in the store, as the parking lot is no more full. Am I supposed to believe this all falls on the shoulders of a single person? Of course not for we know better.
Did I say it fell on a single person? I did not.
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Old 03-10-2020, 09:36 PM   #260
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Did I say it fell on a single person? I did not.
Sorry, but that is what I got from your last sentence in post #247.
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Old 03-10-2020, 09:38 PM   #261
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Sorry, but that is what I got from your last sentence in post #247.
And I stand by that sentence, but never said or implied he’s the only problem.
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Old 03-10-2020, 09:39 PM   #262
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Default Re: March Madness and Covid-19

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We can be more aware and that's certainly the best response, but people will be people. Remember Y2K? It's rather hard to predict the response to certain stimuli. Have you visited your local supermarket as of late? I have a few times over the past week and there are no more people in the store, as the parking lot is no more full. Am I supposed to believe this all falls on the shoulders of a single person? Of course not for we know better.
Experts told us Y2K wouldn’t be an issue. Experts said this is a huge deal, potus went against that.
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Old 03-10-2020, 09:42 PM   #263
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Experts told us Y2K wouldn’t be an issue. Experts said this is a huge deal, potus went against that.
Point made and point taken.
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Old 03-10-2020, 09:46 PM   #264
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This is great information....I appreciate you educating me on this. I had one other question. I've heard the expression "stock prices have no memory". I don't know if it's true or not, but wanted to see if you could clarify and falsify that.
And I'm sure you know this, but hedge funds dominate the true moves in the market as they took it up and now they are taking it down. They will be the ultimate "line in the sand" as it relates to the bottom being found.
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Old 03-10-2020, 10:04 PM   #265
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Default Re: March Madness and Covid-19

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And I'm sure you know this, but hedge funds dominate the true moves in the market as they took it up and now they are taking it down. They will be the ultimate "line in the sand" as it relates to the bottom being found.
Hedge funds make up only about 4% of the S&P market cap and the average hedge fund underperformed the S&P 500 last year 28%-10%. Wouldn’t call that domination

What drives the market more than anything is program and electronic trading, led by passive investments and money managers
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Old 03-10-2020, 10:11 PM   #266
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With the NCAA and NBA possibly having to play without fans, I knew LeBron was FoS. Friday he said he “plays for the fans”, which you knew wasn’t true by asking those fans in Cleveland which he ditched twice.

Now he walks it back and says he will play as the NBA was only thinking of his safety. Lol. Showed he plays for the check, not the fans.

https://www.latimes.com/sports/laker...s-without-fans
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Old 03-10-2020, 10:29 PM   #267
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Hedge funds make up only about 4% of the S&P market cap and the average hedge fund underperformed the S&P 500 last year 28%-10%. Wouldn’t call that domination

What drives the market more than anything is program and electronic trading, led by passive investments and money managers

I believe their use of leveraged investments magnifies the movements in the marketplace.

In addition, interest rates help to determine the moves in the stock market thus hedge funds role in the market is indirect at times (currency movement then plays a role too).

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Old 03-10-2020, 10:44 PM   #268
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And I stand by that sentence, but never said or implied he’s the only problem.

Someone took a lot of heat by closing travel to the U.S. from high risk areas. This was not a passive gesture by any means. Either it helped to prevent the spread or it did not and the question is "how much worse would it have been w/o these travel restrictions."

At the 27:00 minute mark in the vid provided Gavin Newsom ,Govenor of California, tells of his private convo with the head politician.

https://www.youtube.com/watch?v=uW3aTBcK3go

Last edited by sheepdogs1; 03-10-2020 at 11:07 PM.
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Old 03-11-2020, 08:23 AM   #269
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Default Re: March Madness and Covid-19

New statement from the NCAA regarding coronavirus:

“The NCAA continues to assess how COVID-19 impacts the conduct of our tournaments and events. We are consulting with public health officials and our COVID-19 advisory panel, who are leading experts in epidemiology and public health, and will make decisions in the coming days.”
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Old 03-11-2020, 08:32 AM   #270
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Default Re: March Madness and Covid-19

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New statement from the NCAA regarding coronavirus:

“The NCAA continues to assess how COVID-19 impacts the conduct of our tournaments and events. We are consulting with public health officials and our COVID-19 advisory panel, who are leading experts in epidemiology and public health, and will make decisions in the coming days.”
I wonder if they'd let some parts of the country (less infected) play with fans, while banning fans in others? Seems like to be fair, they probably need to be consistent.
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Old 03-11-2020, 08:37 AM   #271
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I wonder if they'd let some parts of the country (less infected) play with fans, while banning fans in others? Seems like to be fair, they probably need to be consistent.
The problem with that is that people might travel from parts of the country that have a higher concentration of infections to a part of the country with no or few infections. You can see why this might be a problem.
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Old 03-11-2020, 08:40 AM   #272
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Default Re: March Madness and Covid-19

https://www.usatoday.com/story/sport...nt/5016117002/
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Old 03-11-2020, 08:45 AM   #273
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I read that article this morning and it's hard to disagree with the points made.
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Old 03-11-2020, 08:55 AM   #274
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The problem with that is that people might travel from parts of the country that have a higher concentration of infections to a part of the country with no or few infections. You can see why this might be a problem.
Good point.
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Old 03-11-2020, 09:13 AM   #275
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Default Re: March Madness and Covid-19

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I read that article this morning and it's hard to disagree with the points made.
Our society is still at odds with Covid-19.... Many people don't accept it. It seems to be the more conservative crowd that thinks it's either the media to blame, or that it's entirely a hoax, or that it's not something to be feared even if you do get it, etc.

At my place of business and the clients we deal with, many are taking no precautions, while others are taking all the precautions. Some don't care about getting it or spreading it, others are doing everything they can to prevent getting it.

As with most things in American society, there is no overwhelming consensus. The President of the US tweeted yesterday that we should be more scared of the flu, which his base reads and believes. The flu has a vaccine and a treatment, neither are true for Covid-19. But, his base doesn't research anything... They just seem to accept what he says at face value. Like that his administration is approving new dishwashers, and looking into improved toilets.

Consensus likely won't happen unless there are significant body bags like in Italy or China.

All of that relates to the NCAA Tournament because cancelling it will be a huge ordeal and draw a lot of criticism... Probably the biggest step yet we have seen in the country. March Madness, The World Series, The Super Bowl, College Football Playoff, etc are big deals in this country.

You cancel March Madness... then why not cancel the PGA Tour season? Cancel The Masters... Cancel baseball, etc.

I am not saying those things might not need to be done, I am just saying that the decision made with March Madness will set a precedent. It's the first major event that will be shut down, and there will be shock waves.
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