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13 hours ago, silver & black said:
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I went to the grocery store at 6:30 this morning. Not a roll of toilet paper to be found.... or any paper towels. No frozen pizzas or any snack foods left on the shelves. People are nuts!
 

Went out yesterday to Dollar General and the lady said they normally average 2500 in sales each day. The past 2 days they did a combined 10000 and pretty much have already burned through the truck delivery they had yesterday. Then had to go to Walmart to pick up our order and had to make a detour to another place because Walmart was all out of meat. Definitely crazy.

PA also closed their schools for at least 2 weeks. We told our high school students to take everything with them on Friday. It definitely was an interesting week.

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This is worth a watch, very simply explained and makes so much sense.

 

 

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Just watched our governor make an announcement. All bars will be closed effective 9:00 tonight for an indefinite time period. Schools are closed for 3 weeks and there is some talk about daycare closing as well.

Fed just announced they cut rates to 0 and a 700 billion quantitative easing program.


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7 minutes ago, tony@CIC said:

All bars will be closed effective 9:00 tonight for an indefinite time period

Wow, that's and interesting decision. If this happens in Montana, it will be "the wild, wild west" all over again 😬.  

 

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48 minutes ago, tony@CIC said:

Just watched our governor make an announcement. All bars will be closed effective 9:00 tonight for an indefinite time period. Schools are closed for 3 weeks and there is some talk about daycare closing as well.

Fed just announced they cut rates to 0 and a 700 billion quantitative easing program.


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I'm in Ohio as well. I have a great many friends in the beer business, as well as hospitality in general. I support what DeWine is doing, but I certainly worry for my friends. I'm happy to be retired, but that means my age puts me in the vulnerable category. I have two close friends who are recovering from major surgeries, and now I can't visit them. If golf  courses are open I don't know if I'll go play. My teacher already postponed my lessons. I want to take the bike out for a long ride tomorrow,  but many are saying it's irresponsible to participate in an activity that might cause an injury that requires medical treatment. Damn! I'm sending my best wishes out to everyone to see it through these days.

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Wow, that's and interesting decision. If this happens in Montana, it will be "the wild, wild west" all over again .  
 

Illinois did as well. Edit it's bars AND restaurants!


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Don't even joke about that.  Golf course closures would start rioting down here in AZ .

Take away golf from the Seniors in FL and they will march on the Capital, in their walkers but still get their point across.



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Each day is a new announcement of a shutdown in Central FL from Disney to the Town Squares entertainment. Rec Centers are open limited basis. Outside activities golf, pickleball, bocce, volleyball, pools etc. do not seem at risk...yet.
This has to be taken seriously as everyone is a Senior with some health problems.
I run a few sports activities for our club and I’m probably going to shut them down for a couple weeks. Don’t need sick seniors.


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16 hours ago, bens197 said:

Heading into work today and our Chief has implemented several policies to limit contact amongst staff.

 

Redeploying personnel, limiting traffic in buildings and mandating a minimum level of appropriate personal protective gear for certain calls.

 

In addition to that, two of our members have been quarantined as a precaution from recent travel.

 

It’s going to feel like a ghost town today. I agree with his decisions and today’s goal like any other day is to keep everyone safe.

 

Y'all be safe, and thank you for everything that you do.  You folks are heroes on normal days, but especially now.

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Y'all be safe, and thank you for everything that you do.  You folks are heroes on normal days, but especially now.


I appreciate that but I’m going to deflect.

Currently, the heroes in my eyes are the over-road drivers, clerks, associates and cashiers in grocery and retail who are working day and night to keep our staples in stock.

Today is going to kick off a very interesting week in the market. It will be something to follow.
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I appreciate that but I’m going to deflect.

Currently, the heroes in my eyes are the over-road drivers, clerks, associates and cashiers in grocery and retail who are working day and night to keep our staples in stock.

Today is going to kick off a very interesting week in the market. It will be something to follow.

The local Fire Stations are on lockdown. They had given tours of the Facility’s to small groups & Families. That’s canceled until further notice.
I have always brought leftover food, especially leftover Pizzas to the Firehouse near us, that is also shut down for now.
They miss me already.


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Every winter, my wife and I host her three Sisters for three months. They are all older than her, widows and live in Alabama, Nebraska & Montana. They have whittled down their activities and are just enjoying being together. They play cards a lot. All are in their 70’s and 80’s with my wife the youngest. I would say that they are as safe here in Florida with us as they would be at home. Maybe safer with the warmer climate.


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2 hours ago, bens197 said:

 


I appreciate that but I’m going to deflect.

Currently, the heroes in my eyes are the over-road drivers, clerks, associates and cashiers in grocery and retail who are working day and night to keep our staples in stock.

Today is going to kick off a very interesting week in the market. It will be something to follow.

 

I happened to see the Eruo Market fell drastically this am after the Fed announcement.  I don't follow it enough to know if that's an indication of what will happen here when it opens or not.   I just know looking at my 401K yesterday was a eye popping experience.  But I'm resisting the emotion to make any radical changes. 

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Admittedly, I didn't consider human impact on others, especially the elderly or those with compromised immune systems, when taking the stance that this is being grossly overblown.  I still believe the mass hysteria to be overblown but fully understand, certain precautions need to be made to lessen the spread and impact on our healthcare system and protect the vulnerable among us.  To put it simply, we have to "flatten the curve!"

With that said, my neighbor decided to host a "doomsday" party that lasted from early Saturday afternoon through the late-night hours last night.  We counted between 60 and 70 people at this party, not that my family attended.  I cannot stand my neighbor and remind him often (when he gets out of line) of his impact on our small community.  For a little backstory on my clueless neighbor.  In 1972, he was drag-racing his friend, drunk on a residential street.  The friend hit and killed an 11-year old boy named WK Dees.  The friend was convicted of involuntary manslaughter and driving under the influence.  He was sentenced to 3 years in prison but released on probation without serving a single day.  My neighbor walked away scot-free.  Fast forward to 1988, while drag-racing again on a residential street, my neighbor hit and killed an 11 year old boy named Sammy Brown who was riding his bicycle in his neighborhood while drag-racing the same guy mentioned above.  Sammy was my Little League baseball teammate that summer.  My neighbor served less than 2 years of a 5 year prison sentence and has been out ever since.  He continues to drink heavily, drive often and lacks basic human decency.  The house he currently owns is in the same subdivision as the sister of his first victim!  Needless to say, this asshat has terrible judgement!

https://scholar.lib.vt.edu/VA-news/ROA-Times/issues/1993/rt0393/930329/03290018.htm

https://www.dailypress.com/news/dp-xpm-19890331-1989-03-31-8903310081-story.html

 

Rant over!  Thanks for listening.

 

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4 minutes ago, Golfspy_CG2 said:

I happened to see the Eruo Market fell drastically this am after the Fed announcement.  I don't follow it enough to know if that's an indication of what will happen here when it opens or not.   I just know looking at my 401K yesterday was a eye popping experience.  But I'm resisting the emotion to make any radical changes. 

The futures had a pretty bad reaction to the Fed announcement. They 'limited down'last night basically meaning they shut down because of the drops. Currently futures this morning for all US exchanges are terrible. I sold everything last Thursday (a week too late) and regretted it on Friday - but not this morning. 

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16 minutes ago, Golfspy_CG2 said:

I happened to see the Eruo Market fell drastically this am after the Fed announcement.  I don't follow it enough to know if that's an indication of what will happen here when it opens or not.   I just know looking at my 401K yesterday was a eye popping experience.  But I'm resisting the emotion to make any radical changes. 

7 minutes ago, tony@CIC said:

The futures had a pretty bad reaction to the Fed announcement. They 'limited down'last night basically meaning they shut down because of the drops. Currently futures this morning for all US exchanges are terrible. I sold everything last Thursday (a week too late) and regretted it on Friday - but not this morning. 

The only advice I’m taking and giving myself regarding long-term investments is to play the long game. My accounts are “set it and forget it.” That said, small adjustments to preserve wealth for those near or in retirement is prudent. I am far from a financial expert but I can say one thing with confidence and that is nobody has ever timed proper entry and exit points between bull and bear market.  I read yesterday that our economy is near 70% dependent upon consumer spending. We’re going to hit the teens again and it will hurt for a bit but it’s also an opportunity to buy-in on retirement accounts for a discount. It will rebound, history is a great teacher. 

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Yea, if you've got time to build wealth, set aside some money and plan to invest this month. Buying bluechip stocks or stocks of GOOD companies will pay massively in the next 5-10+ years when we return to a stable economy and all this is behind us.

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1 hour ago, bens197 said:

The only advice I’m taking and giving myself regarding long-term investments is to play the long game. My accounts are “set it and forget it.” That said, small adjustments to preserve wealth for those near or in retirement is prudent. I am far from a financial expert but I can say one thing with confidence and that is nobody has ever timed proper entry and exit points between bull and bear market.  I read yesterday that our economy is near 70% dependent upon consumer spending. We’re going to hit the teens again and it will hurt for a bit but it’s also an opportunity to buy-in on retirement accounts for a discount. It will rebound, history is a great teacher. 

Yeah, I'm in the closer to than further away to retirement spectrum, maybe 6 years if I'm lucky.  But I feel that's still enough time to make a good recovery. 

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Yeah, I'm in the closer to than further away to retirement spectrum, maybe 6 years if I'm lucky.  But I feel that's still enough time to make a good recovery. 

I am in the 10 year range and I am staying the course and hoping for correction over those years. We have good and bad years and even with this drop I am still on the positive return side.
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Some people aren't taking this as seriously as they should, and others have completely lost perspective (hoarders). If we'd all be thoughtful and considerate of others (especially the older/health compromised folks at greater risk) we could reduce the impact, but I have no illusion that "we" collectively will do that.

Tough times bring out the best in some people, and the absolute worst in others - but isn't that always the case.

Leaders are between a rock and hard place, some are handling it as well as we could reasonably expect and others are making a mess of things. With some media asking brain dead unanswerable questions that just stoke fears, also par for the course these days.

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