Over 1,000 cases of Coronavirus in the USA and probably rising

Today From NBC News;



Here in New Jersey there's 23 cases and 1 death thus far. The leading NJ universities, Princeton & Rutgers, have both decided to offer online instructions and to cancel in person classes for the near future.

Both Philadelphia and Boston have canceled their St. Patrick's Day parades due to the threat of virus spreading in crowds. In California the Coachella music festival is canceled for the same reason.
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update - The NBA suspends play after one of the players tested positive for coronavirus.
Here's a good Closer Look from Seth Myers on this topic, that I just got done watching on Youtube.
It doesn't even air on TV until later tonight.
You get to see it now;

Earlier today it was announced by the World Heath Organization that the coronavirus is a worldwide pandemic.

It was just announced, that the New York St. Patrick's Day parade is also canceled as is
their 1/2 marathon.
Colbert says he will do the show without an audience.. wave



Daily Life Is Changing For Millions Of Americans As Coronavirus Crisis Grows

It's only March and 2020 has done the impossible: made us nostalgic for 2019. #Colbert #Monologue #Coronavirus

At a time like this we all need to laugh and be together, at a distance of about twenty feet or something.. laugh
Actor Tom Hanks says he and his wife have tested positive for coronaviruscrying

The total mishandling of virus control in the USA.
China did wait 2 months to take action and told the rest of the world they had it under control and to keep their airports open...at the same time they shut down domestic travel...many believe this to be suspicious as if they wanted it to the rest of the world to share the strainlaugh This clip shows a person with Covid -19 Die twice in one day Graphic and disturbing
I would rather see your information that China waited two months before taking any action!
I would agree that in the very first month China made many mistakes, but sought to correct that as soon as the danger was realised.
Shame other countries didn't take notice and act sooner, especially when they already knew from China that this virus is hard to detect and extremely infectious in its early stages.
Riz Yes, I remember that and I tried to warn the world, not many people paid attention at the time and as the result we’ve lost valuable time to contain this, now it’s too late!laugh Hey...remember two months ago when you were calling Me a fear mongerer, liar, or worse? Because I DO! And I am definitely going with that we were not wrong!!! Little scared though about how it’s being handled here in the US...time will tell! dunno
Oh Now what Ivanka has it nowhelp
Embedded image from another site
BREAKING: Brazilian government spokesman who met with President Trump last weekend and was pictured standing next to him has tested positive for coronavirus - Folha
As another update Major League Baseball is canceling the rest of spring training and also delaying opening day by at least 2 weeks.

Hockey has also been suspended and the NCAA has cancelled March Madness (college basketball tournament).

The stock market took another dive today.
As an update, I got this via email today. I am posting it, as a model, that other retailers may be encouraged to mimic.

Same with Disneyland. They will be closing on the 16th and stay closed until April. Fourth time they’ve ever closed since they’ve opened. So this is a historical event. I’ve had to sell a lot on the stock market. I rarely sell. I just couldn’t hold this time. Microsoft...lol. They are still swimming. Haven’t sold them yet. Nobody was on the roads when I left work today. There are barely any patients on my schedule for tomorrow...I think they’re finally catching on. It’s a crazy time.

Oh but I don’t need traffic to be crazy when I leave work so that was nice.
I haven't sold any stock. It will come back eventually.
I'm awaiting for when I feel it has bottomed out, for me to buy.
“I haven't sold any stock. It will come back eventually.
I'm awaiting for when I feel it has bottomed out, for me to buy.”

That makes sense but I’m not a seasoned investor. Still learning here. I haven’t sold everything...yet. I’m just holding and watching for now.
It’s worth looking into. Thanks for that.
By the by...it’s not a pretty image when your liver crashes. I felt like I was a different person because toxins were just building up in my body and messing with my brain. The sclera in my eyes were yellow. I couldn’t seem to keep hydrated either. They gave me three bags of saline in the hospital. I begged the doctor at one point to give me more fluids and she said, “Okay, open your mouth...yep, you’re dehydrated. I’ll order another bag of saline.” I felt so good in that moment. All I wanted was fluids. It was glorious and very humbling.
It depends upon your personal finances and needs.

You don't lose in stocks UNTIL you sell, IF you can hold on and the company doesn't go out of business.
I used to invest in quite a few bio company start-ups.
Some lost money for years and paid off big time later just by holding onto the stock.
Some paid off initially. Some went out of business.

Some people attempt to buy low & sell high. It's an ideal way. However, no one truly
knows when it's at a bottom, nor a high. It's guesswork AND you have to pay fees & taxes when you sell.

A record earner for me was back when IBM announced that they had a new operating system, OS2. When it was announced, Microsoft's stock plummeted. When it got to
where I suspected it was at the bottom, that's when I bought a LOT of it. It rushed back
and more within a week or two. I figured IBM's promo was overstated and that Microsoft
was a good value. But, those clear opportunities are relatively rare.

If you know it will eventually will come back, and you don't need
the money anytime soon. Sometimes it's better just to hold on and ride it out,
especially if you are going to buy the same company.
No taxes, no brokerage fees, and no long term losses. The market will come back eventually.
However, it could be a good buying opportunity, when it finally hits bottom.
Thanks, Jim. I love talking stocks and finance. Most people find it boring for some reason. dunno I guess it’s because they don’t have the mental capacity to understand it but I’m determined to learn it. I’ve seen so many people earn their living off it. I’m determined to do that too.
Thanks, Jim. With that liver scare, I always have to watch it now. That definitely wasn’t normal. My liver is sensitive. So that’s good to know. Awareness is helpful knowledge.
It's always good to learn things. But, as you've witnessed recently, the stock market can be fairly unpredictable. It's good to put most of your expendable money into mutual funds and leave them long term. If you do that, in the long term you will likely get a much better return than leaving the money in a bank. With a much smaller & thus, much more expendable portion have some fun buying & selling what you consider good deals with upside potential, as your hands-on training. Perhaps get a book or 2 out of the library and read up on it first.
It's ironic, but I had a similar statement with a friend of mine on the phone this morning.
Take precautions.

That is all we can do world wide.
It surely can be, if you respond appropriately. Awareness is a helpful step towards making good decisions and then taking appropriate actions.
A - absolutely.
What interest rate do they give you ?
Well right now I am getting 1.64%
But but but...I also have my money in stock and real estate. I just wanted to find a decent savings account and I have.
I found some bugs in their app and the developers(which are millennials) made it to where I can talk to them directly. They gave me money for finding bugs and that was cool. Then they said please tell us if there are more bugs...I think they are finely tuning their app at the moment.
I understand how that might sound like a good rate.
But, the inflation rate was 1.76 % last year.
So, you actually lost money at that rate, as it didn't keep you even with inflation.

With mutual funds focused on small cap stocks, my return on investment for the past 20 years
has averaged about 7%. Most of that, I just rolled over into more of the same mutual fund.
Thus, I made more than 7%.

I strongly suggest that you open a tax deferred 401K-like account with direct payments from work and automatically pay into it whatever you can afford to pay weekly or monthly, however you are paid.
If set up right, that money is not counted towards your current income UNTIL you withdraw.
Thus, your annual tax rate on the rest of the earnings is less. After you retire, you can withdraw
however much you want, when you want, or set it up to pay periodicly (i.e. monthy) and change it whenever you want.
Then, you are taxed at whatever rate you earn that year, not when you actually earned the money.
In the meantime you build a progressively larger 'savings' at a much higher rate than any bank would offer.
The problem with 401k in my opinion is that I have no control over my money and I really don’t like that. I need a bit of control.
Okay, I WANT control of my money if you’re gonna be nitpicky. innocent
That is the very same reason why I won’t open up a Roth IRA.
I hate when others have control of my finances. No, it’s MY money. Period, the end.
I imagine different investment companies give you different levels of control.
Shop around. Mine was reserved for teachers. Perhaps there's one reserved for nurses.
There are tax advantages and a steady accumulation of more $$$.
I'm not sure what the "control" you seek offers. If you don't have a 401K-like account,
the government has more control of your money. Indeed, they get more of it.
That's my advice. Take it for what it's....worth. grin
My work offers a 401k but I really don’t like that I can’t take the money out until retirement. That’s all I’m saying. I want to be able to take it out when I need it and have it not be locked in a fund. That’s not practical for me.
At least my real estate fund issues me dividends even though it’s locked. I need some kind of return like that for my investment.
Check further into that. There are circumstances that you can take it out early.
However, then you are taxed at a higher rate. You know, the rate you would be taxed
at if you didn't invest in it.

However, if you are not satisfied with what is offered at work, there are many other companies
out there, that may offer an opportunity more to your liking. Shop around.
Nothing wrong with a real estate fund. That's another avenue. How long have you been into it ? Is it tax deferred ?
Check and see what annual rate of return do you average ?
Or if you haven't been in it long ask them for that data over the last 5 or 10 years.
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by JimNastics
created Mar 2020
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