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He is a professional contrarian, nothing more.
What's still the most fascinating aspect of this for me is the disconnect between how the media is covering this story in one way.
We're seeing the stories about how young adults are reacting to this vs. older generations. But what we haven't seen are stories in the national media about how America outside the urban centers is reacting to this.
The state of Louisiana is one example. Testing has dramatically increased in the past few days in areas of the state outside of New Orleans. Yet, areas like Lafayette, Ruston/Monroe, Lake Charles, and Alexandria still have no cases. Should small businesses in those areas go under before there is a proven indication of a problem? That discussion is everywhere on social media and touches virtually every state in America. You would never know it by watching the national media.
There are certainly more tests available, but there are not nearly enough to test all who may be suspected. If your symptoms are not worthy of a hospital stay, you'll likely just be told to self quarantine and NOT tested so as to reserve the tests for those who may be in more dire need or who are in a much higher risk group.
The market will not settle down with stimulus. It will only settle once the virus strategy is proven effective.
Time is your friend. Impulse is your enemy. -John Bogle
The media is still amazing. They finally found one they can exploit. I was reading an article this morning from a 48 year old woman who was recovering from coronavirus and wanted everyone to know how brutal it really is. She was sick for about a day and a half. Fever, cough, headache, lethargy etc. The doctors gave her a pain reliever for the headache and an antibiotic just in case while they waited for the test results. Once the test results came back she was already feeling better and they sent her home and told her to self quarantine.
The tone of the article seemed to be how much people are underestimating the disease, but the content didn't really support the tone IMO. I've read a few articles with similar tone and similar tales of woe. If you are over 50 and have other health issues you need to be extra cautious. If you are under 50, don't freak out and follow the rules and you should be fine.
Hell! I contracted a bad case of the flu returning from Europe. Turned out to be a strain of the flu from Sub-Sahara Africa. Ran fever of 104 and felt pretty icky for a week. My doctor, after running tests, sending samples off to the CDC, told me later about it being identified as a strain of flu not included in the annual flu shot we all get. But, only my son, who picked me up at the airport, developed flu-like symptoms after being around me. So, must not have been highly contagious. Of course, I do not know what happened to the roughly 250 other passengers on the same flight home from London to Houston. Maybe they too all got sick.
I hope and pray Covid-19 truly turns out to be "much ado about nothing." That beats the alternative. But, I also hope we, Americans, will have learned a valuable lesson about: 1) better managing immigration and even short-term visitors, and 2) bringing back manufacturing to our shores...especially pharmaceuticals.