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coronavirus is roughly 23 times more deadly than the flu. This year’s flu death rate is tracking at 0.1% while coronavirus is tracking at 2.3%. If this hits as many people as the flu, there could be millions dead.

Also, there are flu shots available to mitigate the effects of the flu. This is not the case with coronavirus.
Hopefully you know this, but you can't extrapolate the early numbers out in a linear way like you tried to do. You actually can't even compare the death rates at this juncture because there are simply not enough known cases to draw the conclusion. You can't count the cases of people who show no symptoms, mild symptoms, and people who never report the illness. The flu has so much more data.

From what we know, this virus is still killing old, sickly people for the most part and healthy people and those with access to decent care aren't dying.

The flu is a much greater problem from what we know today. The rest is just fear of what this could be. In reality, it's probably going to be another annoyance to deal with in the winter and something that has to be added to the yearly flu shot that is only somewhat effective.

At some point, the effort to try to contain this might fail, and we'll have no choice but to act normally again.
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Time to diversify the supply chain, Timmy!
Even though "only Chinese hands are capable of building Apple products."
Apple's factories are back online. The supply chain is far greater than just China, and what they've done to this point has worked out incredibly well.

They just came off the most profitable quarter in business history.
 
It is important to understand that the most important effects of this virus are actually economic. It is not as deadly as the flu, yet the flu has not affected the market nearly as much

The main problem of the virus, seriously, is that it affects work as we try to contain the virus by closing factories

And not to trivialize the deaths, but while wealthy apple investors can complain about losing equity there are lots of factory workers in China (and elsewhere) losing income, which will have a significant impact on their lives, perhaps moreso than the virus itself

So ... the economic impact IS important

Like I heard once ... ALL news is economic news

It is far more deadly than the flu. It’s not Ebola, but it’s far more than the common flu.
 
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unfortunately aapl stock was going to get a haircut at some point in time
it was - "a matter of when - not if"
some people say warren buffet was crazy to sell a portion of berkshires aapl holdings a months back
he still own about 2.5% of aapl the company
he knows when to sell
warren buffet is the man
 
This thing has been so overblown it’s beyond belief. Many many more people die from the regular flu every year. And all flus always kill the elderly first just like the OMG COVID19.
I think this isn't overblown. On scale, this is the most dangerous contagious outbreak since 1918. The Chinese center for disease control broke out death rates by age group, and they are as follows...

Ages 0-9: 0%
Ages 10-39: 0.2% - that is equal to the worst flu season (2017-2018) in the last 40 years
Ages 40-49: 0.5%
Ages 50-59: 1.2%
Ages 60-69: 3.6%
Ages 70-79: 8%
Ages 80+: 15%

COVID-19 appears to be extremely contagious. Maybe twice that of flu or colds. Not taking this disease seriously could put family and friends who are in more vulnerable age groups in danger.
 
coronavirus is roughly 23 times more deadly than the flu. This year’s flu death rate is tracking at 0.1% while coronavirus is tracking at 2.3%. If this hits as many people as the flu, there could be millions dead.

Also, there are flu shots available to mitigate the effects of the flu. This is not the case with coronavirus.

The mortality rate for the flu closer to 1% (it was 0.87% in the US - 867 per 100,000 per CDC in 2018), but not 0.1%) but various sites say that the Coronavirus mortality is about 2-3% although for something so new, it is really impossible to know. It is probably safe to assume that most deaths from the virus will be confirmed, while numerous asymptomatic cases may never even be captured for epidemiology. So that tends to OVERestimate mortality

Nevertheless, even if we accept the 2-3% vs 1% mortality rate, far more people have died overall, so far from the flu, yet Coronavirus is having a disproportionate impact on the economy. It is interesting (and perhaps important) to ponder why, but I have no illusions that we will figure it out here on macrumors.

I just like to point out a different perspective - you can take it or leave it. But as another person commented, this is not "BS"

Re: Flu shots - true, we don't have a shot for coronavirus, but the stats for flu mortality take the existence of a vaccine into account, since mortality is just the bottom line result.
 
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I think this isn't overblown. On scale, this is the most dangerous contagious outbreak since 1918. The Chinese center for disease control broke out death rates by age group, and they are as follows...

Ages 0-9: 0%
Ages 10-39: 0.2% - that is equal to the worst flu season (2017-2018) in the last 40 years
Ages 40-49: 0.5%
Ages 50-59: 1.2%
Ages 60-69: 3.6%
Ages 70-79: 8%
Ages 80+: 15%

COVID-19 appears to be extremely contagious. Maybe twice that of flu or colds. Not taking this disease seriously could put family and friends who are in more vulnerable age groups in danger.

These stats are highly questionable when a 34 year old doctor who has access to the best resources compared to ordinary citizens dies of COVID-19.

https://www.bbc.com/news/world-asia-china-51403795
 
I think this isn't overblown. On scale, this is the most dangerous contagious outbreak since 1918. The Chinese center for disease control broke out death rates by age group, and they are as follows...

Ages 0-9: 0%
Ages 10-39: 0.2% - that is equal to the worst flu season (2017-2018) in the last 40 years
Ages 40-49: 0.5%
Ages 50-59: 1.2%
Ages 60-69: 3.6%
Ages 70-79: 8%
Ages 80+: 15%

COVID-19 appears to be extremely contagious. Maybe twice that of flu or colds. Not taking this disease seriously could put family and friends who are in more vulnerable age groups in danger.
Ok, first you cant trust anything out of china, thats your first mistake. And second, the most vulnerable age groups are the elderly. As it is with every cold/flu.

Also right now its too early to tell anything other than the simple facts that corona spreads quicker yet is only slightly more deadly to sensitive groups than the average flu.

When you are old your risk of everything goes through the roof.

So yeah, its worse than the flu in some ways but not much different than others. Using your data about 99 percent of people under 60 will survive just fine.
 
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Poor Apple, their stock suffering from this Coronavirus outbreak!
Oh, and all the people that died, too.
Do not think Apple handles the marketing around the corona-issue very well, are the spinners sick?
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These stats are highly questionable when a 34 year old doctor who has access to the best resources compared to ordinary citizens dies of COVID-19.

https://www.bbc.com/news/world-asia-china-51403795
This might be because there are reports this virus can be acquired more than once. Have you seen the deathrate of the hcworkers?
 
Living in Italy I can attest the degree of pure panic this virus can bring.

Supermarkets shelves emptied, schools closed and everything.

Should the US and other nations start extensive testing it’s very likely to see similar outcomes. It’s a good moment to stay at the sidelines of the market.

testing is advancing, especially in the last 30 days.
And when stocks drop like this and events affecting tech such as CES and the Geneva car show - time to invest!!
 
It is not as deadly as the flu, yet the flu has not affected the market nearly as much

It is actually much deadlier than the kind of flu that we are used to. The CFR (case fatality rate) is 3.42 percent for Coro...
 
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The virus is very unfortunate but it will eventually pass, and this is a good time to buy into the market and hold for the long term. Just don’t buy if you need to cash out in the short term.

Yup. It's a burp in the long term.

The only ones screwed are the retirees NOW who need to keep withdrawing from their (bleeding) 401Ks now.
 
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Poor Apple, their stock suffering from this Coronavirus outbreak!
Oh, and all the people that died, too.

Last week more people died jaywalking than Coronavirus has killed since the outbreak began
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It is actually much deadlier than the kind of flu that we are used to. The CFR (case fatality rate) is 3.42 percent for Coro...

its nowhere near 3.42%
 
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100% sympathy to all virus victims but 0% sympathy to all those stock speculators.
Investing in stocks in general, particularly in stocks like Apple, are not at all speculative investments. Stocks have a proven track record to the best returns available and are not risky over time.

It’s more risky to avoid stocks.
 
The CDC estimated that 50,903 people age 65+ died from influenza in 2017-2018. That works out to a death rate in that cohort of 0.9%. That was the worst flu season in 40 years.

If the same number of people in that age group were to catch COVID-19, somewhere near 800,000 people could die.

And since the United States has approximately 950,000 hospital beds nationwide, you can understand why aggressive measures may be required to stop this disease from going too far.

https://www.cdc.gov/flu/about/burden/2017-2018.htm
 
Last week more people died jaywalking than Coronavirus has killed since the outbreak began
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its nowhere near 3.42%
Yes, in fact, the death rate worldwide is calculating at 3.43164% as of February 29, 2020, 04:10 GMT. This value will adjust in months to come when epidemiologists are able to calculate prevalence by random group samples for SARS-CoV-2 antigens.

And whatever the rates may be, there is no hiding the fact that in the most affected areas, an extraordinary number of people are getting very sick and dying - well beyond what we'd normally expect.
 
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These stats are highly questionable when a 34 year old doctor who has access to the best resources compared to ordinary citizens dies of COVID-19.

https://www.bbc.com/news/world-asia-china-51403795
I don't understand your point?

In any case, Li Wenliang is a hero to humanity. He gave us all more time to prepare. The U.S. administration appears to be squandering that time. The Lancet provides a fitting obituary for him...

 
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