VIX up 25% today... Should I order a Corona Light tonight?

Discussion in 'Trading' started by kmiklas, Jan 27, 2020.

  1. kmiklas

    kmiklas

    …is this volatility a result of the virus scare, or is something else going on?
     
  2. Overnight

    Overnight

    I think that is a valid idea, sure.
     
  3. This will likely take months to play out and will have significant economic impact.
     
  4. Bum

    Bum

    If from coronavirus scare, then probably a bit of an over-reaction.
    Currently around 3,000 infected worldwide with less than 100 deaths.

    Here's 2019-20 flu information from U.S. only.
    >>13 million illnesses
    >>120,000 hospitalizations
    >>6,600 flu-related deaths

    Global death rates:
    >>flu.....0.1-2.5%
    >>coronavirus......3%
    >>SARS virus......10%

    Media is pretty good at creating fear. :)
    This virus could get worse but so far not quite what the media is making it IMO.
     
  5. Overnight

    Overnight

    Did the SARS virus really kill 600,000,000+ people?

    Has this new corona virus already killed 210,000,000 people?

    I did not know that. Otherwise, I don't understand what you mean by "global death rate".
     
  6. Bum

    Bum

    Global death rate is percentage of illnesses that caused death.
    Corona virus......3,000 illnesses(globally).....100 deaths....100=3.3% of 3,000
     
  7. Overnight

    Overnight

    OIC
     
    Bum likes this.
  8. The scare is not the number of deaths, market does not give a shit about humans...

    the scare is the effect on profits..less travel to Asia could affect airline stocks, casinos with interests in HK/Macao, trade of goods between china and other partners, etc... this is where the effect of the virus is being shown in the stock market.....dying people does not change profits.
     
  9. Sig

    Sig

    Given that a good chunk of the initial infection generations haven't even recovered yet it's probably a bit premature to confidently predict the impact or even the percentage of those infected who die. And the percentage infected who die is just one of many factors that impact severity as a disease, let alone economic impact.
     
    deltastrike likes this.
  10. maxinger

    maxinger

    You should order Corona Light not just today but EVERYDAY !!!

    Because every trading day is a great trading day.
     
    #10     Jan 27, 2020
    rb7, TooEffingOld and kmiklas like this.