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China's confession on coronavirus

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https://www.ccn.com/dow-futures-crash-520-points-as-china-makes-shocking-coronavirus-confession/

 

 

Xi Jinping, China, dow jones industrial average (DJIA), stock market

Chinese President Xi Jinping makes a shocking admission that his country failed to contain the coronavirus outbreak. The confession is a clear sign that the Communist Party can no longer control the narrative around the infectious disease. | Image: Liu Bin/Xinhua via AP, File

  • The Dow suffered a devastating crash amid an indiscriminate sell-off in the U.S. stock market.
  • Xi Jinping wobbled stocks after admitting China made mistakes as the coronavirus spreads rapidly in Italy, South Korea, and the Middle East.
  • Further problems for the Dow Jones emerged after Bernie Sanders comfortably won the Democratic primary in Nevada.

The Dow crashed as much as 1,000 points on Monday as the spread of coronavirus in Italy and South Korea heightened concerns about a global pandemic. Adding to the worries, a surprising admission of guilt from Chinese premier Xi Jinping suggested the coronavirus is far from being under control in China.

Xi Jinping Confirms Coronavirus Not Under Control

All three major U.S. equity indexes dove sharply when exchanges opened on Monday and only managed to mount paltry recoveries from their session lows.

The Dow slid 2.76% after crashing more than 1,000 points at its lows. As of 3:11 pm ET, the DJIA had endured a cumulative loss of 799.22 points to settle at 28,193.19.

dow jones industrial average (DJIA) crash, stock market
The Dow Jones Industrial Average (DJIA) crashed as much as 1,000 points on Monday. The index was down around 800 points roughly 45 minutes before the closing bell. | Source: Yahoo Finance

The S&P 500 lurched 2.78% lower to 3,244.96, while the Nasdaq’s 3.14% nosedive battered the tech-heavy index all the way down to 9,276.35

In the commodity sector, the price of gold surged to fresh multi-year highs above $1,680 – though it later retraced to $1,655. WTI crude oil plummeted with the stock market, down 3.4% at $51.56.

Dow bulls may finally be forced to accept the economic reality of the coronavirus outbreak, as Chinese Premier Xi Jinping made an (exceptionally rare) admission that the virus has exposed several shortcomings in his government.

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not really surprising , remember it is an authoritarian regime so they can control the media, people and their response. Interestingly USA is totally messing this up 700 in voluntary self-quarantine in NY , SF also making statements about quarantining but someone in california with no travel history or contact with china has covid19 so it is outside the usual suspect group now .

please do not panic make sure you are supplementing vit d , vit a , vit C , drink green tea daily (interferes with replication in body), protect lungs with liquorice tea/malati cha. eat fresh fruit and veg to boost antioxidant and mineral levels in body . Wash hands regularly and alcohol wipe door handles, toilet flushes , light switches in the home and office , DO NOT TOUCH eyes ears, nose mouth as these are entry points for the disease and stay away from crowded spaces and mass transport as much as possible . 82% experience this as a bad cold, 15 % as a severe flu and 3% if allowed to enter pneumonia stage die , but please remember if you prevent the pneumonia you will survive .

 

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21 hours ago, jkvlondon said:

don't worry even if you get to pneumonia stage you can survive and recover fully

Says who? Honestly,  your posts are not all that funny anymore!

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36 minutes ago, CHaamCHrick said:

Says who? Honestly,  your posts are not all that funny anymore!

says the doctor treating the two patients above , try to keep up

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It is of course very dangerous and should be avoided at all by taking extra measures like not going out for vacation, public pool, parks etc. Avoid public. I hear and agree that only people with weak immune system are at high risk - older people and kids. 

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