03-17-2020, 02:48 PM
(03-17-2020, 09:44 AM)magnus Wrote: With the caveat that I did not sleep at a Holiday Inn last night so anything I say should be taken with a grain of salt, there seems to be a correlation between each "step" that the government takes and the market dropping. So I guess I'm wondering...how many more steps do we have? By steps, I mean desperate actions to counteract the spread of the virus. Is lockdown the last step? Or are there other ones that could happen before that or after that?
Lockdown is the last step, though there are various types. The bay area's current one is more porous that Italy's, which I believe is more porous than Wuhan's was. But what we're doing now is basically the last resort.
The caveat there is that the federal government can't order this (although I suppose they might try), it's up to states/counties/cities to do it. Hence why Seattle and the Bay Area are under lockdown, but I'm not sure anyone else is (although I may have missed it).
Of course, it being the last step doesn't mean it will work. The markets will really go haywire if we do end up hitting 70% of population infected and millions dead.
