Is COVID-19 spreading across the country, or are the numbers reported higher due to increased testing?
That seemed to be the simplest way to detect medical/media/government complicity in what's become known as a plandemic or scamdemic designed to scare people into submissive behaviors such as wearing masks, social distancing, staying home and closing businesses.
Mainstream media is blaring that COVID-19 is spreading rapidly across the country, with "hot spots" in Texas, Florida, and California, coincidentally, the three most populous states in the country.
The figures obtained came from a well-established site known as the Covid Tracking Project at the Atlantic Their data and state-by-state histories of testing revealed some very telling numbers.
Wanting to be as up-to-date as possible, we checked the seven days just past, and started with Texas.
Texas tested 251,599 from Friday, June 19, through Thursday, June 25, an average of 35,943 per day.
Wanting to be fair and unbiased, we would have tested for the same dates in May (19th through 25th), but instead opted for testing done on a Friday through Thursday (same days of the week as the current data) prior to Memorial Day weekend, so we went with May 15-21.
For the seven days in May that we tracked, Texas performed 152,868 tests, an average of 21,838 per day
Texas:
June 19-25: Tests: 251,599; Average/day: 35,943
May 15-21: Tests: 152,868; Average/day: 21,838
Florida:
June 19-25: Tests: 209,332; Average/day: 29,905
May 15-21: Tests: 165,649; Average per day: 23,664
California:
June 19-25: Tests: 619,815; Average/day: 88,545
May 15-21: Tests: 316,476; Average/day: 45,211
Well, it doesn't take Elon Musk (a rocket scientist, and, notably, father of the external combustion engine - that's a joke, son) to see that a lot more testing has been done recently, and that would - all things remaining somewhat equal - result in a higher number of positives.
According to the media at ABC, NBC, CBS, FOX, and CNN, whooopie! We've got ourselves a big story here.
Totaling it all up, the three most populous states in the America performed 445,753 more tests in the seven days just past than they did in the seven days prior to Memorial Day weekend. That's an increase in tests performed of 70.20%. In California, where the bulk of the testing was performed, it was nearly double, with 95.85% more tests performed in the last week than in the sample from May.
More testing, more positives, RUN FOR YOUR LIVES!
Additionally, most of the testing sites are in and around big cities, where the virus spreads most readily. The same can be said of the phony racial angle. Most minorities live in and around big cities. Same for Biden beating Trump in the latest polls.
Money Daily didn't cherry pick the days. Using the best and simplest methodology available, it's conclusive: you're being scammed by the medical profession, the government, and the media. Makes one wonder what else they're lying about.
Welcome to the land of the fleece and the home of the naive.
Have a nice weekend.
At the Close, Thursday, June 25, 2020:
Dow: 25,745.60, +299.66 (+1.18%)
NASDAQ: 10,017.00, +107.84 (+1.09%)
S&P 500: 3,083.76, +33.43 (+1.10%)
NYSE: 11,865.11, +138.58 (+1.18%)
Showing posts with label Florida. Show all posts
Showing posts with label Florida. Show all posts
Friday, June 26, 2020
Thursday, March 5, 2020
A Day Without Coronavirus Headlines Produces Massive Rally, But It's Probably False Hope
With much of the news focus on the results from Super Tuesday's Democrat primaries and the Fed's 50 basis point cut to the federal funds rate, for a day, market participants had their heads turned toward something other than the evolving coronavirus crisis.
That little bit of relief allowed stocks to rise by roughly four percent across the major indices. The gains were not record-breaking, but they were close. The NASDAQ's 334-point rise was the third-best on record; the Dow's gain exceeded only by the 1,293.96 rip on Monday. The S&P's number was also the second-best day ever.
These kinds of wild swings, to both the upside and down, have become a trademark for not just US markets but many international stock indices since the outbreak of COVID-19 in China, but especially so since the virus has spread beyond the borders of the world's most populous nation. Most developed nations are currently flirting with 10 percent drops off recent highs, crossing the point of correction level at various times, above and below it.
Following Wednesday's romp, news on the coronavirus front just got worse and worse as the day turned to night and night to Thursday morning. A health screener at LA-X in Los Angeles tested positive for the virus; in New York, six more cases emerged. Seattle is quickly becoming an epicenter for an outbreak, and by morning, California had declared an emergency due to the treat from the spreading infection. 1000 people in New York are being screened for possible infection.
Schools are closing in various places across the country, Amazon and Microsoft employees are being advised to work from home, soccer games in Europe are being played in stadia devoid of fans, Italy has urged anyone over the age of 60 to stay home as much as possible to avoid contracting the virus. Despite the WHO's failure to officially declare a pandemic, COVID-19 has swept around the planet and is showing no signs of abating.
As for the World Health Organization failing to label the current condition a pandemic (it is, even according to their own standards), the reason may lie more in the ghastly world of finance rather than health. Unconfirmed reports say there are "pandemic bonds," which are bets against a pandemic outbreak declaration. If the WHO declares COVID-19 a pandemic, it will trigger bets made on a pandemic, as credit default swaps (CDS), along the lines of those which paid off magnificently when the sub-prime crisis blew up, will explode, blowing up the underpinnings of global finance.
If true, it would prove not only that bankers and financiers on Wall Street and elsewhere learned nothing from prior default events, but that they continue to make sickening, revolting wagers on extreme events. When coronavirus destroys the economy, the usual suspects will be found in lower Manhattan, probably toasting their bonuses, as they have in previous episodes of moral bankruptcy.
That said, anybody who has not taken action to remove their investments from the stock market casino over the past few weeks (if not sooner) is likely to suffer in the most severe economic manner possible over the next six to 12 months. There is no evidence of containing the virus and only the hope that its viability will be reduced with the advent of warmer and more humid weather. Unfortunately, it's only March. Warm mid-Spring weather is still months away in much of the developed world.
According to the painfully-slow-to-react CDC, there are 13 states that have identified persons infected. Those are New York, Vermont, Massachusetts, Wisconsin, Illinois, North Carolina, Georgia, Florida, Texas, Arizona, California, Oregon, and Washington. Add Rhode Island, New Jersey and Utah as of today, making it 16 with more to come. Already an even 1/3 of mainland states, there are no physical barriers to where the virus can spread. Eventually, it's likely that there will be high incidence of the virus in every state, with the exception of Hawaii and Alaska, due to their unique locations, far from mainland populations.
News on COVID-19 is developing quickly and reported cases are mounting now nearly by the hour. According to John Hopkins, there are 159 cases in the United States. A week ago there were fewer than 25. The same pattern of doubling every two to three days - as was the case in China early on - is becoming evident in European countries, especially Italy, followed by France, Germany, Spain, Switzerland, the UK, and Norway. South Korea and Iran have become epicenter outbreak areas with the number of cases exploding higher every day.
As the disease progresses, the news is likely to be substantially worse before it gets even slightly better. While it is possible that the health outcomes may not be as severe as predicted, the economic pain is almost certain to be severe.
It was more than a week ago that Money Daily advised to Sell. Everything. Now. Wednesday's upswing provided a late get-out-of-jail-free card for procrastinators or non-believers. After Thursday, it may be too late. A 2000-point decline Thursday is more than a passing possibility.
Late edit: With so much happening, let's not forget that gold is rising, silver also, but not to any great degree, oil demand has plunged and will slide further. WTI crude oil prices are at $46 and change per barrel. Treasury yields were stable on long-dated maturities with yields on the 2-year through 30-year issues all rising or falling four basis points or fewer. The 10-year note stabilized at 1.02%, but is again below 1.00% (0.95%) prior to the opening bell (1/2 hour). The short end of the curve, 1, 2, 3, 6-month and one-year bills cratered, the one-year sporting the lowest yield on the entire complex, dropping for 0.73 to 0.59 on Thursday.
Initial claims for state unemployment benefits slipped 3,000 to a seasonally adjusted 216,000 for the week ended Feb. 29, the Labor Department said on Thursday. Data for the prior week was unrevised.
At the Close, Wednesday, March 4, 2020:
Dow Jones Industrial Average: 27,090.86, +1,173.45 (+4.53%)
NASDAQ: 9,018.09, +334.00 (+3.85%)
S&P 500: 3,130.12, +126.75 (+4.22%)
NYSE: 13,009.96, +467.22 (+3.73%)
That little bit of relief allowed stocks to rise by roughly four percent across the major indices. The gains were not record-breaking, but they were close. The NASDAQ's 334-point rise was the third-best on record; the Dow's gain exceeded only by the 1,293.96 rip on Monday. The S&P's number was also the second-best day ever.
These kinds of wild swings, to both the upside and down, have become a trademark for not just US markets but many international stock indices since the outbreak of COVID-19 in China, but especially so since the virus has spread beyond the borders of the world's most populous nation. Most developed nations are currently flirting with 10 percent drops off recent highs, crossing the point of correction level at various times, above and below it.
Following Wednesday's romp, news on the coronavirus front just got worse and worse as the day turned to night and night to Thursday morning. A health screener at LA-X in Los Angeles tested positive for the virus; in New York, six more cases emerged. Seattle is quickly becoming an epicenter for an outbreak, and by morning, California had declared an emergency due to the treat from the spreading infection. 1000 people in New York are being screened for possible infection.
Schools are closing in various places across the country, Amazon and Microsoft employees are being advised to work from home, soccer games in Europe are being played in stadia devoid of fans, Italy has urged anyone over the age of 60 to stay home as much as possible to avoid contracting the virus. Despite the WHO's failure to officially declare a pandemic, COVID-19 has swept around the planet and is showing no signs of abating.
As for the World Health Organization failing to label the current condition a pandemic (it is, even according to their own standards), the reason may lie more in the ghastly world of finance rather than health. Unconfirmed reports say there are "pandemic bonds," which are bets against a pandemic outbreak declaration. If the WHO declares COVID-19 a pandemic, it will trigger bets made on a pandemic, as credit default swaps (CDS), along the lines of those which paid off magnificently when the sub-prime crisis blew up, will explode, blowing up the underpinnings of global finance.
If true, it would prove not only that bankers and financiers on Wall Street and elsewhere learned nothing from prior default events, but that they continue to make sickening, revolting wagers on extreme events. When coronavirus destroys the economy, the usual suspects will be found in lower Manhattan, probably toasting their bonuses, as they have in previous episodes of moral bankruptcy.
That said, anybody who has not taken action to remove their investments from the stock market casino over the past few weeks (if not sooner) is likely to suffer in the most severe economic manner possible over the next six to 12 months. There is no evidence of containing the virus and only the hope that its viability will be reduced with the advent of warmer and more humid weather. Unfortunately, it's only March. Warm mid-Spring weather is still months away in much of the developed world.
According to the painfully-slow-to-react CDC, there are 13 states that have identified persons infected. Those are New York, Vermont, Massachusetts, Wisconsin, Illinois, North Carolina, Georgia, Florida, Texas, Arizona, California, Oregon, and Washington. Add Rhode Island, New Jersey and Utah as of today, making it 16 with more to come. Already an even 1/3 of mainland states, there are no physical barriers to where the virus can spread. Eventually, it's likely that there will be high incidence of the virus in every state, with the exception of Hawaii and Alaska, due to their unique locations, far from mainland populations.
News on COVID-19 is developing quickly and reported cases are mounting now nearly by the hour. According to John Hopkins, there are 159 cases in the United States. A week ago there were fewer than 25. The same pattern of doubling every two to three days - as was the case in China early on - is becoming evident in European countries, especially Italy, followed by France, Germany, Spain, Switzerland, the UK, and Norway. South Korea and Iran have become epicenter outbreak areas with the number of cases exploding higher every day.
As the disease progresses, the news is likely to be substantially worse before it gets even slightly better. While it is possible that the health outcomes may not be as severe as predicted, the economic pain is almost certain to be severe.
It was more than a week ago that Money Daily advised to Sell. Everything. Now. Wednesday's upswing provided a late get-out-of-jail-free card for procrastinators or non-believers. After Thursday, it may be too late. A 2000-point decline Thursday is more than a passing possibility.
Late edit: With so much happening, let's not forget that gold is rising, silver also, but not to any great degree, oil demand has plunged and will slide further. WTI crude oil prices are at $46 and change per barrel. Treasury yields were stable on long-dated maturities with yields on the 2-year through 30-year issues all rising or falling four basis points or fewer. The 10-year note stabilized at 1.02%, but is again below 1.00% (0.95%) prior to the opening bell (1/2 hour). The short end of the curve, 1, 2, 3, 6-month and one-year bills cratered, the one-year sporting the lowest yield on the entire complex, dropping for 0.73 to 0.59 on Thursday.
Initial claims for state unemployment benefits slipped 3,000 to a seasonally adjusted 216,000 for the week ended Feb. 29, the Labor Department said on Thursday. Data for the prior week was unrevised.
At the Close, Wednesday, March 4, 2020:
Dow Jones Industrial Average: 27,090.86, +1,173.45 (+4.53%)
NASDAQ: 9,018.09, +334.00 (+3.85%)
S&P 500: 3,130.12, +126.75 (+4.22%)
NYSE: 13,009.96, +467.22 (+3.73%)
Monday, July 11, 2011
Problems Abound: Jobs, Italy, Greece; Stocks in Retreat
Quoting from Friday's post: "Monday may, in fact, turn into a real blood-bath."
Well, it may not have been real blood, and it was more of a dousing rather than a bath, but stocks got hit pretty hard on Monday, following the less-than-impressive sell-off after the dismal non-farm payroll report which ended last week's rally in rather abrupt fashion.
The poor start to the new week was blamed - according to most pundits and exclamatory TV barkers - almost entirely on debt issues related to Italy, though there are more issues and problems popping up every day. The scapegoat Italians seem to be having the same problem most Western nations are: too much debt and not enough revenue.
What has the EU concerned is the not the size of the bailout which might be needed to shore up Italy's evolving debt crisis, it is the size of Italy's economy, the third largest in the European Union. Halping out smaller countries like Greece or Ireland are mere child's play by comparison. Italy is a nation of 60 million people, or, about 1/5th the size of the United States. That's a big problem, akin to having Texas, New Mexico, Arizona, Colorado, Wyoming and Louisiana all threaten to default on public debt at once.
The absolute fact of the matter is that the EU simply cannot go about printing up more Euros to bail out nation after nation. Sooner or later, the currency will become worthless and the nascent "grand experiment" of a unified Europe will fall completely apart. Already, there are signs of trouble in Germany, which has been acting - along with the US Federal Reserve - as the main funding source for bailout money, but in the end the major European banks will become victims of their own Ponzi scheme.
You see, money really doesn't grow on trees and just whipping it up out of thin air makes for instability and eventual anarchy. This is the situation in which we all are headed, and in a hurry. Would the financiers of the leading nations have confessed to their sins during the Lehman debacle in 2008, much of this would not be occurring, but, being the type of people who are prone to lie and cover up crimes and major blunders, world leaders would rather play this silly game of bailout rather than face the music (and jail time or guillotines).
Eventually, it's all going to implode into a global depression, rivaling or exceeding the pain and suffering of the 1930s. By some accounts, parts of the world, such as the Middle East, the Horn of Africa, certain counties in Georgia and Florida, along with Greece and Ireland, are already in a deep, never-ending depression. All that's keeping the rest of the world from falling apart is the non-stop printing of US dollars and the helping hand of uncle Ben Bernanke at the Fed.
While there are those who believe we in America will suffer a bout of hyper-inflation a la the Weimar Republic, the fact remains that wage growth is stagnant, money supply is insufficient to handle all claims in a mass default and the other income-producing part of the great capitalist triangle (money, labor, materials), that being materials, are still rather abundant.
We should all be preparing for the "great reset" in which everything becomes worth less than it was the day before, except maybe food, for that is the only requisite commodity essential to sustaining human life. One hates to be the messenger for bad news, but starvation and death may indeed become preferable, for some, to living under the thumb of a global police state in a condition of abject poverty. It's coming, and, as today's evidence and that of the past three years can attest, it's gaining momentum.
Incidentally, only eight stocks in the S&P 500 were winners today, and all 30 Dow components finished on the downside. Financials led the way, with Bank of America (BAC) and Morgan Stanley (MS) hitting new 52-week closing lows.
Here are the sad facts from fat-cat Wall Street:
Dow 12,505.76, -151.44 (1.20%)
NASDAQ 2,802.62, -57.19 (2.00%)
S&P 500 1,319.49, -24.31 (1.81%)
NYSE Composite 8,228.73, -181.46 (2.16%)
Losing issues trampled gainers, 5494-1122, the largest margin of losers to winners in quite some time, probably not since 2008. On the NASDAQ, there were, hard to believe, 49 new highs and 32 new lows. On the NYSE, a little closer to reality, 34 new highs and 30 new lows. The combined total of 83 new highs and 66 new lows masks the fact that many of the new highs were nothing but bear funds, inverse, triple leveraged ETFs and other derivative products. Even looking through the listings of new highs on the NYSE shows most stocks finishing well below their stated 52-week high. Surely, we can trust the Rupert Muchdoch-owned Wall Street Journal to not fudge statistics, right?
Volume was pretty weak, even for a massive down day, though this low level of trading has by now morphed into a new normal, so lower and lower volume figures should not be cause for alarm as market participants exit or are destroyed.
NASDAQ Volume 1,778,419,250
NYSE Volume 3,843,530,000
WTI crude oil traded down again, losing $1.05, to $95.15. Gold gained $7.60, to $1,549.20, close to an all-time high, though silver was punished once more for attempting to be regarded as money, dipping 85 cents, to $35.70 per ounce.
Not all the news was bad... well, yes it was, as Alcoa (AA) reported after the bell that it missed LOWERED estimates by a penny, at 32 cents per share as opposed to the consensus of 33 cents. Share were lower all day, preceding the after-hours announcement and continued to slide.
That is not a good way to kick off 2nd quarter earnings season.
Well, it may not have been real blood, and it was more of a dousing rather than a bath, but stocks got hit pretty hard on Monday, following the less-than-impressive sell-off after the dismal non-farm payroll report which ended last week's rally in rather abrupt fashion.
The poor start to the new week was blamed - according to most pundits and exclamatory TV barkers - almost entirely on debt issues related to Italy, though there are more issues and problems popping up every day. The scapegoat Italians seem to be having the same problem most Western nations are: too much debt and not enough revenue.
What has the EU concerned is the not the size of the bailout which might be needed to shore up Italy's evolving debt crisis, it is the size of Italy's economy, the third largest in the European Union. Halping out smaller countries like Greece or Ireland are mere child's play by comparison. Italy is a nation of 60 million people, or, about 1/5th the size of the United States. That's a big problem, akin to having Texas, New Mexico, Arizona, Colorado, Wyoming and Louisiana all threaten to default on public debt at once.
The absolute fact of the matter is that the EU simply cannot go about printing up more Euros to bail out nation after nation. Sooner or later, the currency will become worthless and the nascent "grand experiment" of a unified Europe will fall completely apart. Already, there are signs of trouble in Germany, which has been acting - along with the US Federal Reserve - as the main funding source for bailout money, but in the end the major European banks will become victims of their own Ponzi scheme.
You see, money really doesn't grow on trees and just whipping it up out of thin air makes for instability and eventual anarchy. This is the situation in which we all are headed, and in a hurry. Would the financiers of the leading nations have confessed to their sins during the Lehman debacle in 2008, much of this would not be occurring, but, being the type of people who are prone to lie and cover up crimes and major blunders, world leaders would rather play this silly game of bailout rather than face the music (and jail time or guillotines).
Eventually, it's all going to implode into a global depression, rivaling or exceeding the pain and suffering of the 1930s. By some accounts, parts of the world, such as the Middle East, the Horn of Africa, certain counties in Georgia and Florida, along with Greece and Ireland, are already in a deep, never-ending depression. All that's keeping the rest of the world from falling apart is the non-stop printing of US dollars and the helping hand of uncle Ben Bernanke at the Fed.
While there are those who believe we in America will suffer a bout of hyper-inflation a la the Weimar Republic, the fact remains that wage growth is stagnant, money supply is insufficient to handle all claims in a mass default and the other income-producing part of the great capitalist triangle (money, labor, materials), that being materials, are still rather abundant.
We should all be preparing for the "great reset" in which everything becomes worth less than it was the day before, except maybe food, for that is the only requisite commodity essential to sustaining human life. One hates to be the messenger for bad news, but starvation and death may indeed become preferable, for some, to living under the thumb of a global police state in a condition of abject poverty. It's coming, and, as today's evidence and that of the past three years can attest, it's gaining momentum.
Incidentally, only eight stocks in the S&P 500 were winners today, and all 30 Dow components finished on the downside. Financials led the way, with Bank of America (BAC) and Morgan Stanley (MS) hitting new 52-week closing lows.
Here are the sad facts from fat-cat Wall Street:
Dow 12,505.76, -151.44 (1.20%)
NASDAQ 2,802.62, -57.19 (2.00%)
S&P 500 1,319.49, -24.31 (1.81%)
NYSE Composite 8,228.73, -181.46 (2.16%)
Losing issues trampled gainers, 5494-1122, the largest margin of losers to winners in quite some time, probably not since 2008. On the NASDAQ, there were, hard to believe, 49 new highs and 32 new lows. On the NYSE, a little closer to reality, 34 new highs and 30 new lows. The combined total of 83 new highs and 66 new lows masks the fact that many of the new highs were nothing but bear funds, inverse, triple leveraged ETFs and other derivative products. Even looking through the listings of new highs on the NYSE shows most stocks finishing well below their stated 52-week high. Surely, we can trust the Rupert Muchdoch-owned Wall Street Journal to not fudge statistics, right?
Volume was pretty weak, even for a massive down day, though this low level of trading has by now morphed into a new normal, so lower and lower volume figures should not be cause for alarm as market participants exit or are destroyed.
NASDAQ Volume 1,778,419,250
NYSE Volume 3,843,530,000
WTI crude oil traded down again, losing $1.05, to $95.15. Gold gained $7.60, to $1,549.20, close to an all-time high, though silver was punished once more for attempting to be regarded as money, dipping 85 cents, to $35.70 per ounce.
Not all the news was bad... well, yes it was, as Alcoa (AA) reported after the bell that it missed LOWERED estimates by a penny, at 32 cents per share as opposed to the consensus of 33 cents. Share were lower all day, preceding the after-hours announcement and continued to slide.
That is not a good way to kick off 2nd quarter earnings season.
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