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Morning. Happy passover. Easter is tomorrow, the big day. Lets go through where we are right now. The good news is the curve of the increase is continuing to flatten. The number of hospitalizations appears to have hit an apex and the apex appears to be a plateau. Which is what many of the models predicted. It was not going to be straight up and straight down it was , going to be straight up to the top number and then you plateau and that looks like what we are doing. The hospitalization rate is down. That is important. We have more people getting infected still. More people going to the hospitals, but we have a lower number. That is all this is saying. Fewer people are going to the hospitals. Still net positive. The three day average, which is what we look at because daytoday can be deceiving, especially towards the weekend because the reporting gets a little different. But all the numbers are on the downward slope. Still, people getting infected, people going to the hospital but a low ....
And holy saturday. Easter is tomorrow. Big day. Lets go through where we are right now. The good news is the curve of the increase is continuing to flatten. The number of hospitalizations appears to have hit an apex and the apex appears to be a plateau. Which is what many of the models predicted. It was going to be straight up to the top number and then you plateau and that looks like what we are doing. The hospitalization rate is down. Thats important more people getting infected still. More people going to the hospitals, but we have a lower number. Fewer people are going to the hospitals still net positive. The 300 average, which is what we look at because daytoday can be deceiving, especially towards the weekend because we can reporting gets a little different. All the numbers are on the downward slope. Still, people getting infected, people going to the hospital but a lower rate of increase. The number of icu admissions is down. The three day average is down. This is a little decep ....
Appears to have hit and even had apex and the apex appears to be a plateau which is what many models predict it. That it would not be straight up or straight down. It was going to be straight up to the top number and then you plateau and that looks like what we are doing. The hospitalization rate is down. That some port. We have more people getting infected still. More people going to the hospitals, but we have a lower number. Fewer people are going to the hospitals still net positive. The threeday average, which is what we look at because daytoday can be deceiving, especially towards the weekend because we can reporting gets a little different. But all the numbers are on the downward slope. Infected. Ple getting people are still going to the hospital but a lower rate of increase. The number of icu admissions is down. The three day average is down. This is a little deceptive because at one time hospitals had discrete icu wards or icu beds. Effectively now in a hospital, all of the beds ....
I will use another strong word. Panic. That is justified. Late yesterday, panicked investors drove the dow down 1191 points. Thats the biggest oneday point loss ever. Okay, thats the backdrop. Now todays reality. The dow at one stage early this morning, futures were down over 600 points. Right now we are down over 400 points. The s p down 50. The nasdaq composite, way down, another 2 lower, off 166 points. Today on this show, we will ask when do we get a rebound . Where are the bargains that longterm investors might go for . Now look at this. This, what you are seeing, is a worldwide rush to put money into ultrasafe u. S. Treasuries. The yield now, 1. 19 . At one stage earlier it was 1. 16 , an historic low. That is a classic flight to safety. Heres what happens when the Global Demand for oil falls out of bed. Sharply lower prices. At this moment, we have got, what, about i think its 45 per barr barrel. That is on the price of oil. ....
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