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COVID-19 isn't flu, Coronavirus has many unknowns attached to it, more contagious, it appears to spread more rapidly than the flu, spread by people with no symptoms at all, death rates for flu are with a vaccine, there's no vaccine for Corvid-19....
I think the uk gov should be doing more to reduce a serious outbreak here with travel restrictions in place, sprinkling anti panic dust wont save lives. My guess is we'll see schools close in the first weeks of March. It's a nightmare, once there's a vaccine it's a handbrake turn for the markets.
Maxdba, this is the best thing to do, I have no idea why every one around the world are panicking from a flu.
It happens every year, and people just carry on with their lives
It is a Media creation and hype !
If you listen to the UK government statements yesterday then I think you can interpret them as saying that if the virus gets to the UK that the UK government is just going to let it run its course.
We will of course all be told to limit our travel, interaction with other people etc etc
However, other than that we will all be on our own with it.
Their reasoning will be that;
The summer is coming, so increased temperatures will dampen transmission.
Closing down Heathrow and Gatwick and closing off London is not practical and will be too much of an economic hit and so,
suddenly the seriousness of it will be downgraded and we will get the message to man up, get over yourself, its only a bit of the flu !
Italy's KME says government could support industry if virus fallout persists...
Australia is blaming Iran, contaminating Scandinavian countries and world.
https://www.dailymail.co.uk/wires/afp/article-8050183/Japan-woman-tests-positive-virus-recovery.html-more up to date one the-shareminater
are we going to bounce off 420,or you think ,which I think virus going to get worse ,we heading 380
the_shareminator: this isn't it - I couldn’t find it, the articles are replaced with others so quickly now, but this this is along similar lines.
Rastuss - can you provide a link to the article about the reinfection rate? That sounds particularly worrying if there is any truth to it. There hasn't been any news about the British guy who came back from Singapore and infected a dozen others but was said to have recovered. Given how he was an early victim and recovered I wonder if the media will begin to report on patients like him if it turns out this virus has a high rate of reinfection or some kind of 'second wave' attack
Autonomy1: back to Kaz! I’ve no idea about the terms of their contracts or how long they stay before taking leave. I remember four or five years ago a big fight at Aktogay between Kazakh and Chinese workers, in the canteen. As long as they’ve got the right Chinese workers in place when the equipment arrives, there shouldn’t be a problem. If there’s trouble between the ethnic groups and the Chinese leave, it may be difficult getting replacements in. That’s all. Possibly another minor Mining Brenda moment..
You failed to answer my question yesterday why should the Chinese workers want to leave,how long are their contracts,will they leave knowing they haven't got a job to come back to?
Tin hats all week!
The Dow has a 900 point swing and finished down!
Let’s see if trump can gets the markets to rally. If any one can it’s him.
Might be another grey day tomorrow.alot of companies reporting and alot going ex-div.
I hope it doesn't come to some sort trade war Rastuss, Chinese can be bullies ,in Asia on weaker countries who depend on their money. It would finish KAZ.needing to sell copper,and giving them fiancial support.
I think it’s wrong to think that just because the rate at which infections in China is slowing, we can expect a respite in bad news on the virus, for the following reasons:
- even if there are no more infections in China, the number of deaths from the existing infections is likely to rise quite quickly. The mortality rate in Wuhan has already risen to 3%. I think it will end up at 6-11%.
- the virus is now in every continent other than Antarctica. Africa and S. America are ill equipped to deal with it. India, Pakistan, Afghanistan etc. are just as bad. Iran is in denial.
Re Kaz, I’ve no doubt they will be able to get spare parts, and the new equipment for Aktogay2. However, as Mr. Southam said last week, the warranties on Chinese equipment only apply if the equipment is installed by Chinese contractors/suppliers. With the news today that the Uighurs are now short of food, hostility toward the Chinese in Kazakhstan is likely to increase further. The border is already closed. Kaz may have to choose between ignoring the warranty conditions or delaying the project.
- a report today suggests that 14% of the people in Southern China previously diagnosed as infected and who were subsequently declared clear of it have tested positive again. The tests have been described in any case as less than 50% accurate in another study. No one knows if these recovered patients who test positive again will be infectious.
This isn’t flu.
hafeez1: the link to the Epoch Times article is still there, you just have to scroll down. I agree with your view that there’s a lot of fake news about. It seems that Epoch Times may be a mouthpiece of the Falun Gong sect. There may be truth in the article, there may not.
Still on here hafeez1.
President Donald Trump is reportedly furious that stocks are plunging, believing that health officials’ warnings have spooked investors, The Washington Post reported Tuesday night, citing two people familiar with the president’s thinking.
The president has reportedly cautioned aides against forecasting the impact of the virus over fears that stocks could fall further, The Washington Post said. (CNBC)
Trupm is never going to let the stock market crash, especially in a election year, he won a phoney trade that was purposely designed for him to sign this year. He will do what ever it takes to calm the markets.
Also there is so much fake news, the link you posted casual has been removed.
Be interesting next week .we get figures for Chinese caixin.i think market.makers penciled in damage .share price should pick up next week
Reporting leaked documents, 52 times higher than reported in Shandong province.
https://www.theepochtimes.com/leaked-documents-reveal-chinas-shandong-province-faked-coronavirus-infection-data-real-numbers-up-to-52-times-higher_3251354.html-would not surprise me, they lied in the beginning Caribbean reporting it now , more cruise ships.
Italian prime minister has called for calm,Trump will speak at 6pm Et so possibly get a bit of a boost on the Dow jones
effect of coronavirus on kaz.....
1. short term copper demand and copper prices may go down...
max 1-2 quarter impact, given china, is managing the recovery well which is their market.
2. operations may get effected if coronavirus spread in kazakistan.
well this is unlikely given the nature of the mines which are far-flung from areas of the main population but there is small risk especially which needs to be managed.
3. stocks may go up if some of their customers stopped using the raw material for a while.
4. spare parts availability for running their mines and operations may be an issue if they are being manufactured in china. a small risk
apart from the above, I don't see many risks for Kaz as Kaz will continue its operations smoothly very likely and copper prices will recover as soon as china announces measures to boost their spending to recover the economy.
first I was surprised that coronavirus had little impact on US stocks. I now think it is slightly overdone specially in UK.
I think short term stock and commodity prices are pure heard mentality driven by auto, programs, etc and supposedly people who know the charts and down to self-fulfilling prophecy. us markets were anyway overbought and a correction was required. i think uk stocks are pretty cheap so I am surprised that UK stocks have gone down as much don't understand the logic. i can understand the selling of airlines and holiday companies but why would utility stocks go down? perhaps even if coronavirus did finally get into uk you do be using more of telecom and water and gas sitting at home.
my other observation is that diseases have come and gone in the history of mankind. surely we are better prepared to deal with such things than any other time in history so why are people panicking.
my theory is that there will be a lot of people who caught coronavirus, did not get major symptoms, their immune system coped well and they got cured without even knowing they had this virus. so the death toll number as a percentage of infected could be misleading.
On the other hand, most people who are dying of this virus have other underlines issues. I would be worried if a lot of young healthy people started dropping off after catching this virus and I haven't seen any data which highlights riks to healthy young and working populations.