Member Info for JohnLewis79

Getting smashed 400+ down so far. Do they know something we dont?

Make that 4500?

Let's hope 5200 is the floor!

China and S.Korea turning the corner only mass hysteria in UK and US!

Ftse could open sub 5000!

Just been down my local supermarket. I only wanted 6 items not one was available! Apparently the store was ransacked on Sunday! I pass a normally very busy bus stop on my way to the supermarket, usually 30+ people waiting. Not one person this morning!

Fed slashes rates to zero. DJI, SP & Nsdq futures hit limit down levels overnight. Current, Dow off 1100 and Ftse 130.

As I'm one of the 'at risk' groups
I will certainly be curtailing my leisure time activities (the Pub) and will do my essentials as soon as the supermarkets open so as to avoid contact with others. I think most of us 'old'uns will act responsibly as I do not want to land up in hospital at my age and adding to the burden on the NHS.

Covid-19
Total cases 169,717
China 80,860 +16
Total deaths 6518
China 3213 +14

Summary:
Cases 169,717
New cases 299
Deaths 6518
New deaths 15
Recovered 77,776

Countries 157

Selected:
Italy 24,747 (1809 deaths)
Iran 13938 (724)
SK 8236 +74 (75)
Spain 7845 (292)
USA 3782 +102 (69)
UK 1391 (35)

Asia near close:
TK -450 (3%)
HK -841 (3%)
SH -57 (2%)
SK -30 (2%)

The nos: Oil $32.29.
Gold $1541. Palm $619.
Vix $58. $ 1.234. €1.109.
PI 5796. MSCI(W) 451.
FF -138. DF -1166.
Morning all.

Just when you thought the flatulence, oops..opulence of Downtown Abbey was done and dusted forever a Freeview (zero viewers channel) comes up with another soap opera of the 'nouveau reeeches' with prissy women in bonnets having afternoon tea and bickies lording it over the downstairs plebs. Especially the young servant girls who will be preyed upon by third rate muddy booted wannabe Beau Brummels of no fixed abode. They never take their bloody boots off do they? Wouldn't get in my gaff!!

I urge you to swerve the 9.00pm balderd-trash in favour of Celebs Go Dating on E4, well anything is better than Fitzwilliam Darcy surely? Failing that a much, much more rewarding hour 'Secrets Of The Museum (BBC2) on that catch up thingy.... is a joy. Be prepared to give your personal details, bank account, email, gmail, DOB, age, sex and password. Auntie has spoken.

God....I wish I could just go somewhere and bury my head in the sand.
I cannot turn the Radio on without being bombarded by a 'virus' cacophony! Where can one go to escape the gloom and doom merchants? Where can one go to escape the Radio presenters whipping up callers to ever greater infantile feats of nonsense? "Its Isis wot's dun it like"..or "Oi mate Brexit whaddya expect mate?"
You name it, I have heard all the crackpot callers on Shock Jock radio to last me my last few remaining years! No more! I'm off to the more sober reporting of BBC 4 & the World Service for a balanced view of events, where I wont be grinding my teeth and wishing I had 'do you think I'm lucky punk 44 Magnum' to cause bloody mayhem.
If only that was possible Dirty Harry would have nothing on me, no effn way!

Han**** says that's on the cards to stay indoors for 4 months. Totally impractical imo. Whose gonna do my shopping, banking etc.. get a bloody grip man!

Here's a classic case of the Media attempting to panic people by saying the 'over 70s' will be asked to self isolate for 4 months.
Total 'ollox'

Good spot by rugs. Gold c.4% down over last 15 sessions not 44%! Typo of course....ahem!

As we know mrkts move too fast for us to make accurate predictions as to what happens next. Past crashes are of no help, the backgrounds, durations and days to recovery were all very different. Suffice to say from the '29 crash to the 'one before this' recovery took on average 19 months. The longest the '07-'09 at 48 months.

The real fear is will this crash tip the world into recession? Two Qs of negative growth are deemed a recession and given what's happening in the US & Europe it's long odds on were headed that way. Even China which looks like recovering will have a lot of catching up to do and will face their major export mrkts gummed up by lockdowns, noone spending and people staying away from work.
They say 1 in 4 people in the UK have no savings so a drastic change of lifestyle will have to happen particularly if lenders see the 'virus' risk as too great. The damage on a worst case basis is unimaginable if shops, restaurants, take-aways and places of entertainment are closed and the High St becomes a ghost town as people stay away for fear of catching something. Is it happening already?

I think Q1-3 will show little to no growth and by Q4 we should be on the way back which would be quicker than the 19 month recovery average but economies are stronger than '08-'09, rates practically zero and employment buoyant so its highly possible we could turn the corner in under 12 months.
China has taken 4 months to see the virus past its peak (figs on trust) and as of today only 16 new deaths reported globally though new infections (198) cont to rise to a total of 156,807 so one would expect fatalities to increase among the elderly. We may take longer with our it'll be alright on the night attitude to covid-19, currently 1140 infections and 21 deaths.

What worries me as much as anything is were going to talk ourselves into a recession helped by an irresponsible media and a Govt behind the 8 ball. If were all stuck at home not spending imagine how that will impact the economy. I have not changed my lifestyle yet, but am prepared to hunker down and cut out all unnecessary spending in a moment. So far I intend to carry on as usual but if the facts change, so will I.
Morning all.

As we know mrkts move too fast for us to make accurate predictions as to what happens next. Past crashes are of no help, the backgrounds, durations and days to recovery were all very different. Suffice to say from the '29 crash to the 'one before this' recovery took on average 19 months. The longest the '07-'09 at 48 months.

The real fear is will this crash tip the world into recession? Two Qs of negative growth are deemed a recession and given what's happening in the US & Europe it's long odds on were headed that way. Even China which looks like recovering will have a lot of catching up to do and will face their major export mrkts gummed up by lockdowns, noone spending and people staying away from work.

They say 1 in 4 people in the UK have no savings so a drastic change of lifestyle will have to happen particularly if lenders see the 'virus' risk as too great. The damage on a worst case basis is unimaginable if shops, restaurants, take-aways and places of entertainment are closed and the High St becomes a ghost town as people stay away for fear of catching something. Is it happening already?

I think Q1-3 will show little to no growth and by Q4 we should be on the way back which would be quicker than the 19 month recovery average as economies are stronger than '08-'09, rates practically zero and employment buoyant so its highly possible we could turn the corner in under 12 months. China has taken 4 months to see the virus past its peak (figs on trust) and as of today only 16 new deaths reported globally though new infections (198) cont to rise to a total of 156,807 so one would expect fatalities to increase among the elderly. We may take longer with our it'll be alright on the night attitude to covid-19, currently 1140 infections and 21 deaths.

What worries me as much as anything is were going to talk ourselves into a recession helped by an irresponsible media and a Govt behind the 8 ball. If were all stuck at home not spending imagine how that will impact the economy. I have not changed my lifestyle yet, but am prepared to hunker down and cut out all unnecessary spending in a moment. So far I intend to carry on as usual but if the facts change, so will I.
Morning all.

Wuhan the city at the epicentre of covid-19 reported just 5 new infections on Friday the second day in a row where the tally was less than 10.
Hubei province has reported no new cases for 8 straight days and has started to loosen the strict controls that kept 60m people in lockdown. Outside of Hubei 60% of small to medium size firms and 95% of large ones are back at work.
The Commission said the virus epidemic had passed its peak and in major cities Shanghai & Beijing only 3 new infections were reported. Much has been achieved since Dec'19 given the huge nos of cases the Govt had to deal with. As an authoritarian State China could impose such draconian measures on it's people but it's paid off.

Italy has gone down the same route, please God it's as successful. Here in GB none of us are sure the Govt is up to speed and are getting on top of the infection rate. Goodness knows how many new cases will come out of Cheltenham! On balance I guess cancelling large sporting meetings is sensible until the spread of new cases cease.

Two couples from my local went abroad and will now have to self isolate for 2 weeks! We warned them.....

Wuhan the city at the epicentre of covid-19 reported just 5 new infections on Friday the second day in a row where the tally was less than 10. Hubei province has reported no new cases for 8 straight days and has started to loosen the strict controls that kept 60m people in lockdown.Outside of Hubei 60% of small to medium size firms and 95% of large ones are back at work.The Commission said the virus epidemic had passed its peak and in major cities Shanghai & Beijing only 3 new infections were reported.Much has been achieved since Dec'19 given the huge nos of cases the Govt had to deal with. As an authoritarian State China could impose such draconian measures on it's people but it's paid off.Italy has gone down the same route, please God it's as successful. Here in GB none of us are sure the Govt is up to speed and are getting on top of the infection rate. Goodness knows how many new cases will come out of Cheltenham! On balance I guess cancelling large sporting meetings is sensible until the spread of new cases cease.Two couples from my local went abroad two weeks ago and will now have to self isolate for 2 weeks! We warned them.....

Summary covid-19:-
Total cases 145,681
New cases 209
Total deaths 5,436
New deaths 20
Recovered 72,532 (50%)