{"id":176824,"date":"2020-03-12T18:43:00","date_gmt":"2020-03-12T23:43:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2020\/03\/12\/well-this-has-gone-from-concerning-to-bat-sh-insane-quickly\/"},"modified":"2020-03-12T18:43:00","modified_gmt":"2020-03-12T23:43:00","slug":"well-this-has-gone-from-concerning-to-bat-sh-insane-quickly","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2020\/03\/12\/well-this-has-gone-from-concerning-to-bat-sh-insane-quickly\/","title":{"rendered":"Well, This Has Gone from Concerning to Bat-Sh%$ Insane Quickly"},"content":{"rendered":"

I am talking, of course, about Coronavirus.<\/p>\n

In the past 24 hours, after Donald Trump gave the least reassuring political speech since Pennsylvania State Treasurer R. Budd Dwyer’s resignation speech 1n 1987,*<\/sup> things have gone to hell in a hand-basket.<\/p>\n

The NCAA has canceled the collegiate basketball championships<\/a>, AKA March Madness, because of COVID-19 19 concerns.<\/p>\n

This is the most ppopular sporting event in the United States, normally pulling in about 50% more in ad revenue, and even more in eyeballs, than the Superbowl, and it’s canceled.<\/p>\n

In addition, the Baseball Spring training has been suspended, the NBS has suspended its season, <\/p>\n

\n
\n
Heard on every trading desk for last 10yrs: “Fck Dodd-Frank.”<\/p>\n

Heard on every trading desk for the last 10d: “Thank fck for Dodd-Frank”<\/p><\/div>\n

\u2014 Joseph S. Mauro (@jsmauro13) March 10, 2020<\/a><\/p><\/blockquote>\n<\/div>\n

And then, for the second time this week, but only the third time in more than 20 years, circuit breakers temporarily halted stock trading after the S&P 500 entered free fall<\/a>.<\/p>\n

I am certain right now that there are a lot of brokers who are VERY<\/b> happy that Dodd-Frank strengthened these market protections.<\/p>\n

Finally, in Maryland, all public schools will be closed for 2 weeks<\/a>, Catholic Schools in Baltimore are shutting down, Episcopal Churches are suspending services, and both state and federal courts are suspending cases, with most public entertainment events cancelled as well.<\/p>\n

This all went pear shaped rather quickly.<\/p>\n

*<\/sup> Following his conviction on bribery charges, he blew his brains out at a press converence<\/a>.<\/span>
.<\/p>\n","protected":false},"excerpt":{"rendered":"

I am talking, of course, about Coronavirus. In the past 24 hours, after Donald Trump gave the least reassuring political speech since Pennsylvania State Treasurer R. Budd Dwyer’s resignation speech 1n 1987,* things have gone to hell in a hand-basket. The NCAA has canceled the collegiate basketball championships, AKA March Madness, because of COVID-19 19 …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[482,397,415,588,440,572,460,380,503,514],"class_list":["post-176824","post","type-post","status-publish","format-standard","hentry","tag-breaking-news","tag-education","tag-entertainment","tag-fail","tag-medical","tag-pandemic","tag-public-health","tag-religion","tag-sports","tag-teotwawki"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/176824"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=176824"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/176824\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=176824"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=176824"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=176824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}