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BuffaloWeather

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Everything posted by BuffaloWeather

  1. Martha Stewart did time, think she will? https://www.wsj.com/articles/senator-reports-1-4-million-in-stock-trades-during-coronavirus-panic-11585710022 She's the richest person in congress and her husband is chairman of the New York Stock Exchange. I wonder how they made so much money?
  2. Yeah the majority of the time it is a gamble. But when you see the entire world shutting down due to a virus it's quite an easy position to short stocks. They're all going down. In essence, it should be considered insider information. You're basically guaranteed a profit. I'm not allowed to trade in options or margins unless I notify my administrator as I work in managing clients accounts.
  3. Us deaths already over a 1,000 today. https://www.worldometers.info/coronavirus/
  4. I guess my point is every human should not have to go bankrupt or be in massive debt due to an illness, disease, or accident. That's all I ask. I'll end it there and get back on topic with the virus.
  5. Yes, but the main point is you can make a ton of money in a down economy by shorting stocks. When things are falling as quickly as they have, you can make a **** load. It shouldn't be possible in an pandemic to make that kind of money...You basically are guaranteed that the economy is going to go down and thus take advantage of otherwise "insider information" to benefit greatly from a bad situation.
  6. People that work in restaurants don't get health insurance, people who are self employed many times don't have it due to the costs, many part time employees that work 2-3 jobs don't even get offered it. These are some of the 28 million. They still make a decent living but to receive insurance on their own as their employee won't subsidize it, it makes it impossible to pay the rest of their essential bills. I know medicaid pays for the VERY poor people of this country. But many people work extremely hard and still don't get offered insurance. My mom was a waitress for 20 years raising us, and never got offered health insurance.
  7. Is funny to me how I'm listening to this interview with Pence and Trump talking about how nobody should be responsible for covering the costs of Coronavirus. We are currently at the mercy of the medical insurance industry to waive the costs. It looks like Cigna, Aetna, and Humana have said they would waive all fees associated with the virus and they "encourage" other companies to follow suite. All the while 28 million people are uninsured and if they get cancer or break a leg, well screw them... They basically just admitted that democrats are correct in that medical care is a human right.
  8. Things like this shouldn't exist. https://www.cnn.com/2020/03/31/investing/short-sellers-market-coronavirus/index.html Ackman recently disclosed in a shareholder letter to investors in his Pershing Square Capital Management funds that he made $2.6 billion as stocks fell.
  9. Yeah, everyone is in a different situation. You should always have at least a 6 month emergency fund for situations like we have now. Also should pay off any high interest rate debt. Then after this look into investing. Dollar cost averaging usually works in the long run for people that are not too risky. But I always try to up my contributions when the stock market drops if I am able to. The definition of a recession is negative GDP for 2 quarters, a depression is negative GDP for 6 quarters. I think we will be pretty close to a depression by the end of this. 2008 was titled "The Great Recession". https://www.thebalance.com/us-gdp-by-year-3305543
  10. I'm raising my contribution. Everything is at a discount. (If you can afford it)
  11. Mortality rate up to 5.01% Only those above 100.4 fever are getting tested. (In the USA) Not sure what the data is for the rest of the world. So that rate is based on that data.
  12. BREAKING: City of Toronto bans all public events until June 30.
  13. Mortality rate is spiking today, nearly at 5% now. Tomorrow we will likely be at 1 million cases and around 50k deaths. https://www.worldometers.info/coronavirus/
  14. April is the worst month of the year for me. It's why I try to make it my main travel month. 40s/windy/rain is literally the worst.
  15. I would give this winter a D as well. No lake effect events, biggest storm was 10.3" in November. Pretty lame. It was close to an F actually due to lake effect events. But I have to save the F for 2011-2012 type winters. Finished the season at 79.3". The lowest since I've started recording in Hamburg in 2013-14
  16. DEVELOPING: Gov Cuomo Says Virus ‘More Dangerous Than Expected’… Cases Rise 14% in 24 Hours https://t.co/LhU94X6urp — Sean Hannity (@seanhannity) March 31, 2020
  17. 14 Buffalo firefighters test positive for Covid-19, 50 more showing symptoms https://buffalonews.com/2020/03/31/14-buffalo-firefighters-test-positive-50-more-showing-symptoms/
  18. https://www.wivb.com/news/2-new-coronavirus-cases-confirmed-in-niagara-county/
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