panic??

[Tedlark]

not sure if the story is true, but there are reports that a couple of US SENATORS, received early info on the coronavirus, and it's possible effects on the world. these senators came from both parties. as a result of the early warnings they received, not available to the public, these senators sold stock in companies they had invested in, and thus saving themselves from the significant losses experienced by the rest of us.

if these reports are true, they should lose their senate seat, be prosecuted, lose all unlawful gains and go to jail.

I believe that those reports are true.

[olds442jetaway]

How bout this? Kelly Loeffler’s husband is chairman of the NYSE! Not only were there sales, but a buy of a company that has done very well year to date. I think there will have to be an investigation into this.

[FAA]

President is hyping the malaria drug like he’s Jonas Salk! Problem is that the Chinese had discovered that 2g daily is deadly. Needless to say, much research awaits.

[notes1]

President is hyping the malaria drug like he’s Jonas Salk! Problem is that the Chinese had discovered that 2g daily is deadly. Needless to say, much research awaits.

hyping?? not from what i have witnessed. some doctors in nyc are treating coronavirus patients with chloroquine and it's sister drug, right now. a small french study offered promising results. the same drug has been used to treat other corona viruses. trump has stated multiple times this medication may or may not work. he has made no promises.

i have watched nearly every press briefing about the virus. he has made the medical experts the center point of the briefings, encouraged the press to ask them questions directly and taken a back seat when it comes to the medical arena. for a guy who is known to exaggerate, i have been a bit surprised to see how honest he has been.

but, as president, he must also have a 'bedside manner' that many physicians lack. the public is getting more frightened everyday and among his many jobs is to provide hope, a light at the end of the tunnel. if obama was doing exactly as trump, the media would be saying what an inspirational and reassuring leader he is. with trump, the media only looks for the negative. the same pattern they have been following for 3 years. hell, the call him a racist for calling it the chinese virus. the press is even defending the chinese.

[olds442jetaway]

Ditto.... I have watched them too. He just said he had a feeling it would be good, but we have to see and he had Dr. Fauci speak immediately after about the science behind things and the path he likes to take as a Dr.

[pokerpokerpoker]

for those who are retired and have money invested in bond mutual funds, have you checked the ytd returns lately? it has been a little over 4 weeks, since stocks and stock funds started taking a hit and bond funds did fine, until about 2 weeks ago. now, bond funds are also taking a beating, including munis.

while i have no money in utilities, just checked, and this sector, another favorite of retired folks are down more than 20% for the year.

i don't own any individual stocks but others like to invest for the dividends. just checked exxon, which not that long ago was priced near $80, is now trading in mid $30's.

and of course, with the FED lowering interest rates, fixed return products also suck.

not many places to escape.

Not retired, I'm in my early forties, but I have put 10% of my decent living into my 401K for the last 20 years. A month or two ago I felt rich. Now, I don't even have the nerve to check my balance. Too late to do anything now. Just gotta ride it out, I guess.

[notes1]

poker, i am retired, non licensed and have little info about your situation, so i hesitate to make any specific comments. but, as a general statement, to anyone at your age, you should not be alarmed at what has/is happening. you should be enthralled! one is able to invest at an approx 33% discount, than they were priced just 2 months ago. you should hope that stocks fall some more.

for anyone your age, i would suggest stay diversified, mostly in stocks, mainly us based large cap companies, with some exposure to international, small cap and emerging markets. a financial adviser can assist you. you have a long way to go. it is difficult to watch your wealth fall, but you have many years to go. when working, i also suggested that folks strive to save at least 15% of their gross income. this percentage can include company 401k matches.

on the other hand, this is a very difficult time for those who are near or already retired. they no longer have working income that can replace investment losses and many need a reliable income, while retired.

when folks are younger they often think how difficult it is to decide what to do. actually, investing is easy when young, mostly stocks or other long term investments, such as real estate. when it really gets tough is when one ages and have less time to recover losses, while needing monthly income.

good luck all.

[FAA]

I just watched Laura Ingraham’s Fox show. Granted, built in POV. But she introduced a study backed by elite doctors. Covid victims were given a placebo, HCQ and HCQ and Azythromycin. Those on cocktail were basically cured in 5 days. (International Journal of Antimicrobial Agents) So, apologies. Pres seems ahead of curve and Dr. Fauci better speed things up.

[FAA]

BTW, it’s the French study referred to by Notes. Dr. Grace at NY’s Lenox Hill seems to be the chief advocate of a lot of cutting edge thinking.

[tech58]

Great posts FAA, this is America, this is what we DO!!