Lambda

On 3/31/2020 at 11:58 AM, GPX said:

Your point was different to mine regarding the previous post. My point being that we shouldn’t muddy the facts due to our biases obtained from the media. It is crucial that we don’t overblow things because otherwise it can create increased public fear/hysteria. 

You’d want the public to be in fear so they do the right thing with hand hygiene, social distancing etc. However, you don’t want to push out false statements to cause undue stress to the public. Too much stress in some may do more harm than the Covid19 itself!

I need to clarify some things here regarding this post:

1) I understood and affirmed your intention in distributing correct info. I was typing my post while attending to a family member so I spoke quickly under the assumption that most people understand that “many” of the symptoms here mimic flu... while many do not for a select group. (More on this later).

2) I have zero media bias in the information passed along here. Absolutely zero. I work on Wall St and Financial news is largely the only news I listen to.(I’ve listened to FOX, CNN, BBC, in passing and I acknowledge but don’t hold true, all of them.) Any info whatsoever that I have posted at all here comes strictly from 8 sources:

My PHD(Med) brother

My 3 Cousins (ED nurses on the front lines)

My Cousin (Oncologist nurse, now on float duty)

My Wife (RN)

My 2 Friends (First Responders)

All people on the front line.. the only ones I speak to regarding this matter 

Im not spreading any misinformation based on any media bias whatsoever, and my accounts come solely from doctors and nurses within my family on the front lines as I type this. My first post was meant to say that “Infection and Symptoms based on onset time are nothing like the flu!” 
I corrected to make sure the people know. But after conversations today the dialogue has changed a bit:

1) my wife who works on covid beds said much like @Estil said, the condition and symptoms vary by patient.

2) my wife’s hospital Today had a case for ED of bad diarrhea... strictly diarrhea only... nasty to the point that they needed IV fluid... only symptom. They tested the person to be sure using new rapids. COVID-19 pos. And Diarrhea was only symptom.

3) My wife’s Nurse Manager has received multiple calls from first responders in the ability to provide beds. The doctors on her floor are literally separating “flu” from “COVID19” from others by literally LISTENING to their breathing by phone... that in and of itself is terrifying. The doctors now know what to listen for by phone call in order to make a roughly 85% accurate diagnosis. They’re listening to breathe reduction by phone and able to call it “flu” or “COVID” by this alone. Doctors from Chin in the front lines have even amounted to being about to discern as much prior to under-reporting.
 

4) Every Single Patient is different, with MANY showing no symptoms of typical flu whatsoever.

I now go back to my original analysis in a way I thought I would never have to. I and my wife have been exposed. This is “NOT FLU...” 

If you want to fight that idea, DONT cite ANY media. I want to hear your direct sources. I want to hear your people on the front lines.. I have 8 not including LE...

And I have Multiple friends and family now on ICU beds... I’ve lost one, and have 12 now infected with another hospitalized. I’m in NY seeing this at hand... be quick to think before you attribute this to flu again...because it isn’t. THAT is misinformation... and that comes from the front lines. Talk to a front line doc (if you know one), they can pick theses people out of a stack easy now). If you have family in the midst of this in NY, state your case... otherwise I can tell you full handed you have no clue what this is like. How many people have you lost so far? I can count mine on one hand and expect to need more than two..for funerals alone...

I now have 13 personally infected, 1 dead, 2 in ICU and multiple other gasping for air... this isn’t pretty... and it’s not flu (my wife) (who has credentials) words (works a covid floor).

Personally Known Infected:

My Uncle (Diabetic, but only thought to have acquired 1 week ago and remains asymptomatic)

My Aunt (different nuclear family, acquired 1 week ago, asymptomatic).

My cousin (Different nuclear family)

My cousin’s newborn (1 week old)

My wife’s Nurse Manger

My wife's colleague (Worked with her last week)

My wife’s colleague (worked with her last week) (We got the call today that she lost her brother (42YO, no underlying))

My wife’s colleague (and her husband... both said to be recovering)

My colleague and his GF

College buddy (recovering but hard hit)

Wifes friend (ICU, Vented and in Kidney Failure, 52YO)

Colleague (60+, Smoker, stable).

^this is mostly all news to me as of today...I knew of 6 yesterday.. 11 or so now? With calls coming in constantly. NY is in bad shape. Disheartening

6 hours ago, GPX said:

Just want to clarify this post. There are actually a lot of overlap between the symptoms of the typical flu and the SARS-Cov-2. The majority of the Covid19 have the exact same symptoms as the flu - fever, aches, sore throat, cough; and both can be self-limiting in that they can settle on their own with a typical healthy body. Where it differs is the Covid19 can progress to the severe form more readily and is associated with more pneumonia cases, which is the main association of an increased mortality. 

Social media tends to show all the severe cases and not the mild ones and this can lead to an overall false perception that all cases are serious. Some cases of Covid19 in fact, can be mild to asymptomatic.

The symptoms themselves (cough, aches, fever, etc.) all do mimic flu once symptoms emerge. 100% agreed. My post should’ve read “infection nor the symptoms onset time”, I was typing a little too quickly hah. Edited original for clarity. 
 

The onset for flu is usually a few days. The difference with SARS-CoV-2 is in the emergent time, which can be up to two weeks (and I’ve heard from friends who are working in the hospitals that they even have some cases where they believe some patients caught it 15+ days before they came in for treatment). During that 2 weeks, you’re contagious. That’s the primary issue in the way this thing seems to spread. And there’s definitely mild cases out their, no doubt. I know a few who’ve now said they’re feeling like they’re “coming out of the woods”.

Good catch.

14 hours ago, Estil said:

I think what they mean is that the main problem by far with this virus is that it can spread just as if not more easily than the flu, not that it's "just like the flu”.

yes. This is nothing like flu, in any way. The R0 of flu is roughly 1.3 depending on who you ask (which is a given average). However the new novel coronavirus (SARS-COV-2), has an R0 of 2.5. Neither the infection nor the symptoms onset time mimic flu

3 hours ago, Estil said:

All the more reason I've been doing my best to do this whole self-isolation thing as much as I can...because this virus sounds like even if it doesn't kill you, you'll sometimes wish it did  

I can give an account from one individual who thankfully of the 6 I know is now making his way out. He told me he was gasping for air for a couple of days (which caused a total loss of sleep and had him battling exhaustion to stay awake for fear (in his own mind) of falling asleep and never waking up). He wen thru the ordeal for roughly 13 days straight, with what they call a phantom recovery (which has been documented with this virus)... you basically get hit hard for 3-4 days... and then feel great in day 5-6.... and then you get hit in the face with a sack of bricks and go under for another 4-7 days.

this individual was 30 years old, worked out every day, non smoker, and had zero underlying conditions. He lost 17 lbs before getting to where he is now 13 days later (27/28 days after where he believes he was infected). 
 

this is not flu. And it is no joke. 
 

also to update: 1 of the people I know of who was okay is now ICU, and the one who was in ICU originally is now in kidney failure in a medically induced come (he was speaking yesterday). Both over 50.

on a better note, one of the cases i know of has (as of today) been feeling much better... less lung/chest pressure and feeling more “back to normal”.... I’m praying this isn’t what people around here are now calling “phantom recovery”.. she is a nurse who was on the lines working alongside my wife

6 hours ago, Makar said:

Anyone here have corona or know someone who does?

I know at least 6 positive with more cases that will likely be confirmed. 1 is in ICU. The other 5 are having the crap kicked out of them by the virus. It’s not pretty

Lambda Tech Inc received some capital funding from a local Landscape co (Clean Cut Cleanups on LI NY... amazing owner. Reach out if you need a cleanup or yard care services  ). We produced a small batch run of hand sanitizer.

80+% Mix of Isopropyl/Ethanol Alc, 9% pure Aloe Vera with Hyaluronic Acid (to prevent hand dry out), 1% tea tree, lemongrass, spearmint, orange, rosemary, cinnamon essential oils for scent.

We converted our PCB, Circuit Board Clean and Build Unit into a Hand Sani Production Unit. Converted all workers to remote and are doing our best to keep the distance.

All bottles will be donated to essential business across the country (mainly in NY since it is the epicenter as of now). Next batch coming in a couple of short days. If we have any extra at all, (it may be very small if any), but we promise to offer it here to those who have no sanitizer.

Remember guys... do all you can to help those in need around you during this horrible period. Let this situation bring out the best in you  love you guys!

Here we go, brothers:

please read... and please take mentions of what I say here:

I live in NY. Long Island. There are well near 4k cases here reported,  with 25k cases in NY whole reported. The number of people walking around is now astronomical compared to “reported cases” (which are the numbers you all are seeing.) ... (I’ve had my data scientist on my team run numbers against SKorea, Italian, and Spanish charts... all equations have checked out).

1)I lost 13k$ TODAY ALONE. (6k in vacation costs (for my own birthday that my wife spent), and not a single company has offered refund: VRBO, Southwest Air, and Fronteir Air)). (6k+ in my IRA alone, even with today’s uptick, given the downfall I have realized in prior days). (This is NOT INCLUDING prior loss for all prior days since lockdown in NY)... my retirement losses are devastating.

2). There is NOTHING available on shelves... toilet paper, baby food (I have a 13 month old), diapers, etc.

3). Schools are permanently closed.

4). Police patrolling streets in our area to ensure you are a “local” after 8pm.

5). Gov Cuomo is a D... I am registered R.... THIS IS NOT a partisan issue. And I support what Cuomo has done for us 1000%, and I respect his work for the people of NY. Partisan ideals need to be put aside here, and I have set all of mine aside. Democratic, republican, it doesn’t matter... we just need to preserve lives, and he is trying to. And I’m thankful. But it isn’t enough *tearfully*, despite ALL of his efforts. This is a matter of CAPACITY not QUALITY. We in NY DO NOT have the beds or ventilators to support those who WILL DIE. This is disgustingly scary.

6). My wife is a healthcare worker. She has been exposed as of 7 days ago. Which means I was exposed 6 days ago since she works 12 hr shifts. We have no symptoms yet... but the fear is devastating... I have a 13month old daughter with next to zero immunity build up alongside two step children.

7). I have not only donated my N95s to elderly, but I have also started converting my work stations within my company to begin converting out PCB cleaning stations to Hand Sanitizer production units, with ZERO income on products... meaning we will donate EVERYTHING we make.

8). Hospitals here have now began setting up outdoor triage, to separate COVID patients from GP (General Public).

9). MT Sainai hospital here in NY is now using GARBAGE BAGS as PPE, because they don’t have supplies. (Google It)

10). Ethics Healthcare Committees are now convening in NY. (This is the most disheartening of all). Ethics committees are meeting to discuss 1 thing: who lives and who dies under condition.

please note: this is the type of decision that a medic makes in war time situations. This is NOT a decision our loca doctors should be having to make. Italy docs have already said that they’ve been doing this for a while now Over the past week. They are deciding who lives and who dies in triage. (Google it).

11). The most disheartening of all***
i have family (MANY) in healthcare in NY... hospitals are convening now to decide whether or no to currently designate all ICU patients at all NY hospitals as DNR’s. (For those who don’t know, a DNR is a “Do Not Resuscitate” order). The reasoning is simple: if a code is called for a failing patient, docs and nurses have no way to get PPE on fast enough to save them. If they attend... they themselves become the next spread vector. This is disgustingly grim.

we here in NY know that if our loved ones enter ICU, it may VERY well be the last time we see them. If you are 30-50 yrs old... you may enter ICU, and if YOU deteriorate..... you will have no visitors before you pass.

think about this...

this is heart breaking...

iy wife is a nurse on a floor with COVID... we have both been exposed based on her hospitals reports... I have a 13 month old and 2 step children... I love them all dearly, more than I could ever put in words.... 

living next to NYC right now... this is getting hairy..

12 minutes ago, Estil said:

So I went to get a few provisions at my local store and it looks like the *beep* has now hit the fan in my area.  TP/PT's, GONE.  Fresh beef/pork...mostly GONE.  Eggs, bread...GONE.  I think there was some milk left but there are "strict limit of three" signs everywhere...thankfully nobody seemed to want my go-to beverage, gallon jug of sweet tea.  I was going to get kitty a spare bag of cat food just to be on the safe side but his kind and half the others, not to mention most of the kitty litter, GONE (yes even food/supplies for man's REAL best friend, and I suppose that other species also, is getting harder to come by).  Thank God I was able to order a four pack of his cat food off Amazon.  Not to mention I got the last Maxwell House off an end cap so I got a spare can of coffee at least.  Plus my store which normally is open 6AM-1AM (it used to be 24 hours) is now down to 7AM-10PM.

This is just getting way WAY too real...

In response to the milk hoard... I saw people doing this in my local grocer... I saw one individual with *10* gallons of milk in his cart!!!! I kid you not...

Milk goes bad in a matter of 14 days.. I have a 13 month old that exclusively drinks whole milk watered down to prevent constipation.... and I’m on my last 8 ounces by tmrw. I’ll go out and get more.... but seriously... 10 gallons of milk?!?! In one sitting?!(14 days at best?!) how can that much milk even be consumed by one family?! Haha

only thing I can think of and hope for is that he bought all of that to distribute to neighbors/family who couldn’t leave the house to shop?? Otherwise, I’m at a total loss at this type of panic buying....

9 hours ago, Nintegageo said:

Honestly recommend people listen to the Joe Rogan podcast with Michael Osterholm. It was very interesting.

This... I very much agree. Listened to the whole thing. I don’t take Joe Rogan as mews but this guest is serious in his response

breakfast for dinner

11 hours ago, MrWunderful said:

Call me crazy. 
 

7110 people or so have died of this. 
 

Dont more people than that die from other viruses everyday? Do any other viruses cause death even?

 

7k people from what now 8 billion? What percentage is that, Im not a math guy. Just seems like in the grand scheme of the entire worlds population that isnt all that much. Maybe im missing something though. 

https://medium.com/@tomaspueyo/coronavirus-act-today-or-people-will-die-f4d3d9cd99ca
 

The guy in this article talks like a data scientist. Only reason I feel that way is because I have a data scientist contracted on my team haha.

we did some looking into the research and the spread rate in outbreak areas tends to be close to 1.6(X) daily. Let X Equal yesterdays Patients. This number has held true for outbreaks daily here on Long Island after looking into it, so now I have a feeling he has at least “somewhat” of an idea in what he’s talking about. (The article itself feels alarmist but it’s only the data and numbers that I really cared about when reading).

Edit:(I checked the YouTube video above and his numbers line up oddly well). When considering total populations, like urban and rural combined, 1.25 may very well be the number. When considering Urban pops alone (as my co did, outside of NYC, where human transaction is marginally higher than any rural county across the US). 1.6x seems to be spread count effective. I feel even more affirmed in the numbers my data scientist procured and came up with after watching that video, and reading the data from this MScEng in the link.

This guy (my article) has a model for predicting tru infections walking around in your area:

T = P x 2^(17.3/6.2)

let T = True Case

let P = Official Patients

True Cases are the people walking around with the infection (spreading it)

Patients are officially recognized positive cases

2 is doubling time for the the virus

17.3 if average time to death for a critical patient

6.2 is average time to double infection

Now... if the model is correct (and according to the article it checks out based on data from China, Iran, SKorea),  in NY alone, there were 950 “Patients” this morning... but calculated, 7k+ people walking around with the infection.

The problem worsens when you look at Wuhan and places like Italy in particular. We know for a fact that the hospital systems there are overloaded... “no more beds”... without proper treatment and care, some people who might not otherwise die, wind up dying. The calculated death rate for hospital and care systems that are overrun winds up moving from 1% to nearly 5-6% ... THATS troubling. The true problem comes in when hospitals wind up putting sick patient next to healthy healthcare experts. At this time we have an undoubted run of infection from patients to healthy actors, and when we reduce our healthcare staff, we reduce the care that critical patients need. This in and of itself is self explanatory.

im not a data scientist but I had one of my guys run the number and things seem to roughly check out. (Roughly)

I’m hoping we just get a handle on this ASAP.

In other news: the pic is a related prediction by AHA... and extremely troubling at best... I’d really like to know what constitutes “wave 2”

I would also challenge all who read this to look-up Farr’s Law and how it relates to pandemic/epidemic problems. It is marginally relayed by the video posted above, but clarity on the topic may bring some reduction in fear to those who are really worried about this. From HIV to COVID-19, all outbreaks in history (so far) have followed Farr’s Law.

... my wife is a nurse, mother and aunt are in healthcare, 3 cousins are in law enforcement, father is management for Air Canada (works in LaGuardia) - all people outwardly facing the public in their work lives.... my fathers gf is in retail.... his gf works for a luxury company and recently had a customer back from Spain within past week. He was coughing and sneezing, walking around the store (with my fathers gf walking with him to help him shop, pick out gifts)... he was questioned by management and he traveled from Spain. And didn’t self isolate after he arrived... my fathers gf is now quarantined and out of work at mandate of Monte Blanc Corporate.... of all of my family, SHE is the one who becomes potentially exposed? The irony....just found this out a couple of hours ago

we gotta get this shit under control.... if you have extra and have elderly “neighbors”, help them, if you have more than you need, supply your closest.... humanity will be what beats this virus... not numbers.

Just now, a3quit4s said:

We can dump $1.5 trillion into failing financial markets but we need to charge small businesses 4% interest to get a loan to keep their businesses afloat? Don’t worry though there is a 30 year option. I mean cmon man. 

I couldn’t agree more. This is unfair.
 

I actually had this conversation with my CMO only minutes ago. And from there I present this link:

https://www.cbr.com/coronavirus-apple-may-acquire-disney-stock-crash/

I work on the street... and I have a huge feeling that this virus is going to change the landscape: mentally, socially, physically, and philosophically. I’m actually expectant that going forward we will see two things from Wall Street:

1) more mergers and acquisitions like the one mentioned in this article (although I can’t say that Apple has any true intent to buy Disney and I make no claims for or against buying either stock as a way to profit). I think the “idea” of the article is on point though. It would reduce the needs for serious bailouts from the federal government since the money would inflow from the private sector.

2) since we all know how most people feel about bailouts after the Lehman Bro’s collapse (), we can assume that Anti-Trust committees may allow this to happen and turn the other cheek to these M&A deals so that people don’t get furious over new bailouts and larger federal debt levels.

Bottom Line:

Small businesses need to be helped out right now. It’s time for the fed to do the “neighborly” thing for once.

16 minutes ago, Richardhead said:

Welp, I’m officially a little panicked. We are a small business. We can’t do deliveries and it’ll be nearly impossible to keep up with curbside pickup. If we have to shut down, we don’t get paid. I have a small little nest egg put away for this kind of thing, but I know a few of my coworkers that for sure do not.  We have a grocery store across the street that can still sell beer from inside, meanwhile see can’t? Fuck me! 

https://joinhomebase.com/blog/covid-19-financial-resources-businesses-workers/
 

Im not positive if this will be helpful, but I know the list of affected areas is growing by the day. This website should be able to offer some advice on how to handle the situation, at least from a request standpoint. You’re not alone, brother. Hopefully Colorado makes that list quickly... I’m hearing 11 states are falling in line with operating restrictions, mine being one of them.

eBay can be a great place to sell unneeded items lying around the house if quick cash is something you need. Just a thought: Babies are being born every hour... if you have any children past the point of infancy, and have some clothes, toys, etc. in the attic, consider listing them for a small boost. I know for a fact that several expectant mothers would be happy to make those purchases from you rather than running out to an overcrowded big box store and risking infection. If you don’t have kids, people are buying everything they can online right now to avoid leaving the home. Best of luck brother!!

22 hours ago, a3quit4s said:

For what it’s worth I got my 8 month old the Enfamil Neuropro Gentleease at Target a few days ago with no issue. They still had some on the shelf if you need me to go buy it for you and ship it out. 
 

My biggest fear lately isn’t me not having food for me, it’s not having food for my little bud.

@a3quit4s, @ICrappedMyPants, @Mega Tank 

^these dudes all reached out to me with helpful advice, offers to help, and literally to go shopping for my buddy!! I’m thankful for every single one of you, more than I can say. These are the gents that make this place amazing, and THESE are the types of people who are going to be some of the real heroes in helping others out during all of this. If I could buy you all a round of drinks, I would right now (unfortunately they just closed all of the bars and restaurants here indefinitely ) haha.

on a serious note... Thank you guys!!!! The helpful tips and offers have been so much appreciated. I was able to use some of this info and direct my buddy to a store that had some baby formula tubs in stock. You guys ROCK!!! 

3 hours ago, None said:

I work for the company that makes that formula. I can help point you to where to find it.

You are THE MAN among men! THIS is why this community is so great... right here folks... @None can’t thank you enough for this post (just saw it) as well as the direct message to me to help point my best friend in the right direction! Guys like this are what make this place awesome!

17 minutes ago, arch_8ngel said:

Are they not planning to breastfeed?

If the mom can nurse, the baby doesn't need anything other than breast milk until you introduce solids between 4 and 6 months.

Good to have a backup in case the wife has nursing difficulties or the baby won't latch well, I guess.

They’re definitely planning on nursing. My wife is a lactation counselor... she tells me all the time how lots of her patients were planning on exclusively breastfeeding... after a couple of days, they’re exhausted and worn out, or not producing enough, the baby is always hungry and that just wears the mother down further, there’s a tongue or lip tie, the baby can’t latch etc... there’s a myriad of issues that could arise... and most of them wind up supplementing with formula. It’s going to be a stressful situation if the option to supplement isn’t even available though. My heart goes out to anyone giving birth during all this mess. There’s also confirmed cases in the hospital she’s delivering in... the risk is probably low, but that’s another stressor on the situation.

My buddy and his wife are about to give birth to their baby boy within 24 hrs. First child, and they’re anxious enough about the experience as it is. Now he has to worry about providing, because of this hoarding mentality. He has 2 20oz tubs of formula... If you’re a parent and remember the newborn phase, you know those tubs won’t last very long... it’s sold out almost everywhere locally here in NY... there’s practically nowhere to get it...diapers are scarce too. I searched on amazon for some formula for him and my jaw hit the floor. I bought this same exact tub for 25$ when my daughter was born (total for 3 was about 80$). This panic buying and price gouging has got to stop. It baffles me even further to think that as soon as Health Official's warn us here to stay inside, the whole population scrambled to get shoulder to shoulder inside of Costco so they can get TP... my wife is a nurse and she can’t fathom how people don’t understand that it’s practically a given that someone in these overcrowded stores is walking around with the virus...really hoping level heads prevail soon. 

13 minutes ago, arch_8ngel said:

You should find a modern picture of the trading floor.

It is pretty vacant in recent years (a far cry from the popular movie scenes of the 80's)

This is 100% correct. Believe it or not the NYSE can operate entirely online. The system is in place... but as far as I know it has never been used out of need.

1 minute ago, arch_8ngel said:

I know where the day market breakers are set, but I thought I had read that overnight/pre-market was handled differently with a 5% down hard limit (trading doesn't stop, per se, just no trades are allowed below the limit).  Maybe I misunderstood what I read about it, though, since previously I would have thought it had the same breakers as daytime trading.

You aren’t wrong, the 5% limits apply to futures trading (contract buying/selling) though. While the limits I mentioned apply to stock trades, the 5% limit up-down applies to the futures market. 
 

Premarket and After Hours trading can actually allow you to get into or out of a stock, however the liquidity and volume is typically far lower than the trade day, so greater price variances can usually be expected.

40 minutes ago, arch_8ngel said:

Same on Monday wasn't it? (Hitting the overnight limit at 5% down before instantly hitting the daytime first beaker at 7% down)

I guess that one might have just barely stayed off of the overnight limit, though.

Circuit Breaks are as follows:

7% Down - 15 min halt

13% Down - 15 min halt

20% Down - Exchnage Shutdown for Remainder of Day.

keep in mind- a hit of the 7% breaker doesnt mean that if we come up to (down 6%), and then fall back to (down 7%), we trigger again. 1 breaker per day per level. If we hit 7%, the next breaker will only be triggered at 13%.

We hit one Monday, twice today (once in pre-market, once at open) (pre-market and open are not considered same trading day period).

1 minute ago, arch_8ngel said:

Definitely agree that breakers are probably outmoded with the amount of algorithmic and basket trading taking place.  (Though having a daily limit probably does matter)

 

This week is probably the first real test of how all of the algorithms behave, in concert, when breakers are hit.

I do control design as part of my work, so there was some morbid curiosity as to whether any of the algorithms were going to "wind up" while the pause was in force and the blast to a lower level when it lifted.  

But regardless, when we hit the overnight limit down AND hit the breaker in moments of opening...it is probably going to be a bad day (then do it at least twice in one week!)

... definitely a bad day.

we hit twice today. Once in pre-trade hrs and then at open. It’s been a whirlwind of a day for me.

An article put out by my company (for our client) to help lessen fears and enact some reasonable and critical thinking. PLEASE READ:

https://medium.com/@aegiscapcorp/coronavirus-precautions-in-the-workplace-aegis-capital-corp-b70293d67711

11 hours ago, arch_8ngel said:

We hit that breaker earlier in the week on way less-bad news than what transpired last night.

I'm guessing we bump into the 13% down breaker, as well.

Whether we END the day that low is another matter, but shutting off European trans-atlantic flights for a month is probably perceived as more severe short-term news than the oil war between Saudi Arabia and Russia.

As someone who works on the street, let me state that the “circuit breakers” are bullshit. They were implemented a long time ago and are no longer valid considering bot trades. It’s chaos on wall st. The circuit breakers are meant to be a “time-out” to reconsider their “sell”s... the bots don’t have emotion. They sell on numbers, and that’s exactly why we went from -7% to -10% by EOD. Nobody cares about that breaker. The breakers incite even more panic, and every trader like me on the street knows it. It’s not helpful. There are more baskets and bots nowadays than there are retail individual investors. It’s old mentality, and it only encourages more sell side additions to the book. 
^This isn’t a shot on you, I’m more or less building on the facts of what this is and more or less agreeing / building on what you’ve stated.

**Decade experience as a successful registered licensed trader.

as for airlines and travel ban, I agree. Oil will be hit by far worse measure due to The ME war against Russia’s oil stance.

good post, I enjoyed reading that! Glad that more than just us on the street see these things....

for those who don’t know... worst day on the street since black Monday of ‘87.

far more to come...

49 minutes ago, Tulpa said:

Hand sanitizer is worth its weight in gold here. It won't be until March 17th until we get more.

 

Fortunately, I have a healthy supply of Lysol cleaner, so we will be drenching everything the public touches with that stuff.

Haha if alcohol wipes become scarce, chlorine is equally as effective and presumably less expensive since a majority of the public hasn’t realized that yet (haven’t seen price gouging on chlorine yet )