Bat-sh*t crazy

DOUG  By Guest Blogger Doug Rowat

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It turns out that bats are the source of all the world’s major virus problems. According to Business Insider:

In the past 45 years, at least three other pandemics (besides SARS) have been traced back to bats. The creatures were the original source of Ebola, which has killed 13,500 people in multiple outbreaks since 1976; Middle Eastern respiratory syndrome, better known as MERS, which can be found in 28 countries; and the Nipah virus, which has a 78% fatality rate.

And the coronavirus is apparently no exception: bats are the most likely cause. And with 10 billion or so bats in the world, future pandemics are a certainty.

At last count, the number of global coronavirus infections sits at about 26,000. However, it’s spreading so fast that by the time you’re reading this that number has likely jumped significantly.

With all the drug companies now involved in vaccine research, you’re probably thinking that the health care sector must have been a pretty good investment over the past month. But, alas, the S&P 500 Health Care Index has actually underperformed the broader market over this span.

This is probably because investors recognize that the coronavirus will have limited-to-zero impact on the bottom lines for drug companies. The approval period for most vaccines is about 10 years, and even if it’s fast-tracked, an approved vaccine could still be 2–3 years away. So, looking to the drug developers to save us from the coronavirus is a misplaced trust. The solution, as it was with SARS and Ebola, is likely to be simple containment. But, of course, if the virus is contained then the revenue opportunity for a vaccine is, needless to say, significantly diminished.

The health care sector actually does best not when the world’s health problems require quick action, but rather when its health problems are lingering and not completely solvable: high cholesterol, arthritis, heart disease, cancer, long-term care, etc.

So, buying the health care sector to ‘play’ the coronavirus is certainly the wrong reason to own the sector; however, allow me to explain a few of the right reasons.

Most importantly, the world’s population is rapidly aging, which results in more demand for health care services. In particular, the wealthy regions of Europe and North America have rapidly aged over the past 15 years (2000–2015). The below chart shows the relationship between the shift in demographics and the massive outperformance of the S&P 500 Health Care Index:

United Nations: percentage population 60 and over

Source: United Nations, Bloomberg, Turner Investments; market returns are cumulative total return from 2000 to 2015

The dotted lines show the forecasts—the accelerating trend clearly won’t be moderating in the coming decades. Obviously, the future performance of the health care sector can’t be predicted precisely, but the favourable demographics will, undoubtedly, be strongly supportive of the sector.

Having health care exposure also provides another built-in benefit for your portfolio: defensiveness. This is illustrated in the performance of the sector over the previous three US recessions dating to the 1990s. In each instance, the health care sector outperformed, often strongly. So, if you’re looking for added volatility control and downside protection, look no further than health care.

US recessions are the S&P 500 Health Care Index (%): health care shines defensively

Source: Bloomberg; NBER; Turner Investments; market returns are the cumulative total return during each recession

So, the health care sector won’t save us from the next pandemic, but if you’re a long-term investor, it just might help save your portfolio.

We’ll let Ozzy Osbourne save us from the bats.

Doug Rowat, FCSI® is Portfolio Manager with Turner Investments and Senior Vice President, Private Client Group, Raymond James Ltd.

 

94 comments ↓

#1 RaphouCA on 02.08.20 at 12:58 pm

What ETF would you advice for a position in that sector?
XLV? IXJ? ZUH? VHT?

#2 G on 02.08.20 at 12:58 pm

Coronavirus outbreak: should you wear a face mask? 3min Feb 5th
https://www.youtube.com/watch?v=gASCBhA2bE4

Good afternoon. Dr. John Campbell 20min Feb 8th
https://www.youtube.com/watch?v=vcF6CZ8f8j8

#3 G on 02.08.20 at 1:10 pm

China Has Begun MASS ARRESTS Of People Suspected Of Coronavirus As 86 People Die In ONE DAY 18min
Feb 8th
https://www.youtube.com/watch?v=8GYqcNy4UGU

#4 G on 02.08.20 at 1:36 pm

Latest on Coronavirus – YouTube n’ Government Censoring, US Citizens Dies, France, Africa etc 15min Feb 8th
https://www.youtube.com/watch?v=3yWkJsCjCUo

#5 Dr V on 02.08.20 at 2:24 pm

This used to be a bat-friendly blog!

#6 crazyfox on 02.08.20 at 2:26 pm

The best site I’ve found on Corona is here: https://www.worldometers.info/coronavirus/

It pretty much goes lock step with John Hopkins website: https://gisanddata.maps.arcgis.com/…/opsdashboa…/index.html…

Worldmeters has a severe condition count. (it used to be called critical up until yesterday with a 4500+ count. yesterday they changed it to severe, 6106 cases. When looking at stats, 15% severe and 3% critical) The good news is that the percentage of new cases is dropping:

https://www.worldometers.info/coronavirus/coronavirus-cases/

The last 2 days, percentages of new cases is at 11% and the trend is down. This means that the doubling of infected will come down to 2 weeks or more if this trend holds. I had thought for a while that as many as 1 to 2 million would be infected by the first week of April. Now… if I had to hazard a guess, its somewhere between 150,000 and 400,000.

The largest reason for the drop is that the paranoia, extra hygiene, preparation, precautions, quarantines, masks, high transfer of information etc., is working. Make no mistake, without the extra ordinary efforts in China and around the world (quarantined cities, self imposed quarantines of citizens, cancelled flights, closed borders, ports on lock down etc.), this virus would have been a catastrophe. It’s still early to say, but maybe… just maybe the numbers will be low enough that the virus doesn’t last through hosts over the summer and resurface again in significant numbers next winter.

The bad news is that the fatality rate will be much higher than 2%. Trying to predict the death rate is kind of like looking at a ponzi scheme in a sense. As the volume of younger cases dilute the older cases as has been the case since the beginning, the fatality rate will go down but it won’t stay there.

As the aggregate of infected grows older, the death rate goes up. As the aggregate of infected grows younger, the death rate goes down. When SARS broke out in November, by April the fatality rate was around 2.7% in China. By October, it was closer to 10%. We really won’t know what the final mortality rate will be until summer, after all of the infected either die or get well and right now, the aggregate is still getting younger even at 11% growth of infected cases. My point is, don’t be fooled by a 2% mortality rate. This number will be much higher come summer, likely somewhere around 7% or higher. A few days ago, the fatality rate in Wuhan where the large majority of infected cases are, the fatality rate was 4.9% because they were older cases but this number once again, will only climb as all of the cases infected reach their conclusion. The only thing that could reduce this number and surprise is unreported cases (mild cases).

If we look at the first medical study of the first 99 patients here from the Lancet (UK):

https://www.thelancet.com/

You will see a corona virus hub there and here:

https://www.thelancet.com/…/PIIS0140-6736(20)30211…/fulltext

What we will see in table 2 is that of the first 99 infected, 17% developed ARDS (Acute Respiratory Distress Syndrome). It’s important to know what this is in relation to Corona since ARDS has a fatality rate of between 35 and 50% and ARDS is the underlying condition of Corona virus that kills. Looking at ARDS:

https://en.wikipedia.org/…/Acute_respiratory_distress_syndr…

… the lungs and avioli (air sacs) fill up with fluid resulting in hypoxia and in the worst cases, death. Up until 10 years ago, ARDS was treated with meds taking the fatality rate in north America down from approx 41% to 32%. One group of drugs worked with body temp and the other, through paralysis. The third and most effective way to treat ARDS is through the use of rotating beds (cutting the fatality rate from 32% to 165%) ARDS and treatment is well explained here and a must watch in understanding how Corona kills:

https://www.youtube.com/watch?v=okg7uq_HrhQ

In 2013, a journal was published that cut the fatality rate by half (to 16%) through the use of rotating beds. They would strap the ARDS patient into a rotating bed and have them in the prone position (top of chest facing the floor) for 16 to 18 hours to help the lungs drain fluid. To my knowledge, this procedure isn’t being used in Chinese hospitals to treat Corona virus (ARDS).

So, we could have a much lower fatality rate in China if they were using rotating beds. It’s a question mark as to whether they use them, but I don’t think they do. I have yet to see ICU pictures of rotating beds from China in social media. Chinese authorities need to be informed of the use of rotating beds in treating ARDS since the fatality rate could be reduced by as much as 40% (50% in ARDS but there are other smaller percentage causes of death relating to Corona).

One of the key things I’m watching is the infection rate in the provinces outside of Hubei in China and the rate of spread to determine what we might expect for infected cases before flu season ends. If the growth rates in the provinces of Guangdong, Zhejiang, Henan, Hunan grow by more than 20% or any other province past 1,000 infected, then the quarantines and self isolation, masks, ramped up personal hygiene etc. is failing and the spread could be higher than 400,000 but right now, if these numbers are in the ball park out of China, it’s looking like Chinese efforts are working and better than expected. As such, I’m hopeful that the world can contain this virus, at least, for now.

#7 Mr Happy on 02.08.20 at 2:30 pm

I hold HHL-T. Pays a healthy 8%.

Keeps me as Mr Happy!

#8 MF on 02.08.20 at 2:40 pm

Maybe the rumours about bat soup are true?

Who knew consuming a mammal with similar biology to humans as food would be a bad idea?

At least this theory seems credible, as opposed to the nut cases who think this virus is engineered in a lab. You clowns underestimate Mother Nature.

MF

#9 NoName on 02.08.20 at 2:43 pm

Most importantly, the world’s population is rapidly aging, which results in more demand for health care services. In particular, the wealthy regions of Europe and North America have rapidly aged over the past 15 years (2000–2015). -DR

Funy thing i was chit-chatting with my colleague yesterday about jobs old people, this and that, and told me an interesting thing “Romania is becoming Philippines”. I was wth what does that means, then it hit me, He told me that there is a huge outflow of females going west to do exactly that thing, taking care of elderly or to work as a psw. Some of my cousins left home to do that in germany…

Now am thinking psw-s, cars with all driving aid, and car ever got to self driving level 3 or more old people have it made, if they can afford it…

And lets not forget/remember dude who was first sounding an alarm on virus.
interesting read
https://bbc.in/2S9DE1h

#10 Sail Away on 02.08.20 at 2:52 pm

I like protective equip company APT. First entered at 1.17 in 2009, currently 5.57. It goes ballistic during every contagion furor.

It’s doubled in the last couple of weeks and i expect will continue to rocket for a few months as ‘always-a-step-behind’ agencies get their big orders in (which will of course all be expired by the next supposed pandemic).

Good balance sheet and great business model.

#11 Linda on 02.08.20 at 2:53 pm

Another investment to think about is services related to death. That may seem morbid, but aging populations will eventually lead to an increase in mortality rates. Global pandemics simply accelerate the outcome.

#12 NoName on 02.08.20 at 2:55 pm

#8 MF on 02.08.20 at 2:40 pm
Maybe the rumours about bat soup are true?

Who knew consuming a mammal with similar biology to humans as food would be a bad idea?

At least this theory seems credible, as opposed to the nut cases who think this virus is engineered in a lab. You clowns underestimate Mother Nature.

MF

Camon MF, disease didn’t came from boiled bat in a soup, soup preparation perhaps.

temp to kill virus
hep-a -b and polivirus toughest ones. 85’C and 95’C
https://www.who.int/water_sanitation_health/dwq/Boiling_water_01_15.pdf

#13 crazyfox on 02.08.20 at 3:14 pm

As for the economic consequences of Corona, from what I’ve read China has put a lock down on all of it’s major sea ports. Borders with North Korea, Russia, Mongolia, Kasakhstan, Taiwan and HK have been closed except for food imports and other essentials. Some of the provinces are either on quarantine or severe restrictions for travel and more are added it seems, daily. Most flights into and out of China have been grounded.

The factories of China who wish to open need permission from the government in writing with an employee manifesto and can apply for permission as early or by the 6th of February to open on the 9th. If the government grants them the opportunity to open, it is up to the factories to look after the health of their workers. Most factories are expected to stay closed in tandem with closed sea ports. For how long, it’s difficult to say but its possible that closures will remain in effect until some time in April when the flu season passes.

China exports what is it, 35% of the world’s manufactured goods? China’s economy is 14.14 trillion (2019), 2nd to the U.S. with 21.4 trillion:

https://www.statista.com/statistics/268173/countries-with-the-largest-gross-domestic-product-gdp/

https://ec.europa.eu/eurostat/statistics-explained/index.php?title=File:Import_and_export_shares_for_main_trading_countries,_2018.png

China leads the world with 16.8% of world exports and comes in third in imports with 13.9% of world market share, behind the EU (15.2%) and the U.S. (17%).

China’s PPP of GDP is 19.2% of the world’s global market share. Isolating a nation with this size of an economy, not to mention the supply chain and commodity disruptions… again I’ll leave that to the money manager to speculate. Currently, the markets are enjoying Q4 pre Corona numbers but as those numbers come and go what good news is there coming that can keep these numbers up? With higher numbers come higher risk and we are not an island.

https://www.multpl.com/shiller-pe

#14 Wait There on 02.08.20 at 3:16 pm

Shenzen was locked down yesterday.

Watched the WHO press conference a couple days ago. These people were uncomfortable as hell in what they were saying.

#15 Brian Ripley on 02.08.20 at 3:45 pm

We’ve been batty about real estate for the last decade.
The January data has a couple of new examples:

Average condo prices in Calgary peaked in June 2014 but are now 14 years later back to 1Q 2006 price levels !!!: http://www.chpc.biz/calgary-housing.html

Average condo prices in Toronto set a new high price last month in January as the FOMO crowd picked through the rubble with total sales and listing inventory plumbing the extreme seasonal lows: http://www.chpc.biz/toronto-housing.html

A Torontonian will trade a Single Family detached house for only 1.5 townhouses and even battier, only 1.6 condos

#16 G on 02.08.20 at 3:46 pm

Coronavirus – China’s Lies affect us all 10 min.
https://www.youtube.com/watch?v=nkF4qYdNU9Y

BTW I like bats, they get blamed for many thing they didn’t do. Seems a harder look at the level 4 bio lab in China is closer to the truth about this engineered virus that got out, from what I have seem.

I home my Government know this is an engineered virus and not just ‘the flu’. just look at what the Chinese government is doing. Does that look like ‘just the flu’ actions to you?

Get ready. Be safe. I am not religious, but have started to pray very hard!

#17 Grunt on 02.08.20 at 3:48 pm

Viruses are constantly evolving and on the move. The redcoats bought yellow fever from the southern colonies to the marshlands of the lower don estuary. Now the Toronto Portland.

West Nile and Lyme disease spread to Canada more recently. So it isn’t just bats and China.

#18 Sail Away on 02.08.20 at 3:52 pm

It’s a new record!

Today’s Globe and Mail Opinion sections mentions Trump 88 times, all negatively

Other US politicos: 27 times

Harry, Meghan and Archie: 22 times

Elon Musk/SpaceX: 15 times

Trudeau: 2

Doug Ford: 1

The Canadian Democratic Party is really on it.

#19 Adam on 02.08.20 at 3:56 pm

I thought bats laid eggs. Now I understand why my friends used to mock my Biology teacher because she was busy trying to impress the school bully with her squishy bits than to teach us basic science.

#20 kim holland on 02.08.20 at 4:00 pm

The latest that I heard the animal the transferred the novel coronavirus was a pangolin not a bat.

#21 G on 02.08.20 at 4:01 pm

Hi #8 MF, (I found this informative anyway)
Coronavirus and HIV research paper review by Dr. Paul Cottrell 34min Feb 1.
https://www.youtube.com/watch?v=zgR18GtO_1Y&t=9s

#22 Sail Away on 02.08.20 at 4:02 pm

#19 Adam on 02.08.20 at 3:56 pm

I thought bats laid eggs.

———————–

Hahahahaha! Love it

#23 G on 02.08.20 at 4:07 pm

Coronavirus – A Warning To Us All 10min Feb 5th
https://www.youtube.com/watch?v=AbuqmziQ28I

#24 Inadequate on 02.08.20 at 4:11 pm

The actual fatality rate and cases are much much higher than officially reported. I saw a number of videos and postings that have since been removed. By not reporting the deaths as Corona virus case, the hospitals stand to charge the family for treatment. Otherwise, the cental government has dictated that hospitals must provide “free” treatment. It is a true tragety.

#25 Camille on 02.08.20 at 4:18 pm

Sorry but “bats are the most likely cause” is pseudoscience. According to Arnaud Fontanet, from France’s Pasteur Institute, the disease did not jump straight from bats to humans. “We think there’s another animal that’s an intermediary,” he told AFP. So you can argue as much as you like, how the statement is factual, it’s not. And what follows is not either. And a lot of bats in the world doesn’t threaten humanity. Caveat emptor.

#26 MF on 02.08.20 at 4:25 pm

#12 NoName on 02.08.20 at 2:55 pm

Heat can denature virus proteins and render them inactive. You are correct that some viruses are more hardy than others.

However, it’s not just the temperature, but also how long the virus is exposed to heat that matters.

If the soup was only heated to the boiling point for 1 second, it might not have been enough to kill the virus.

#16 G on 02.08.20 at 3:46 pm

“I home my Government know this is an engineered virus and not just ‘the flu’. just look at what the Chinese government is doing. Does that look like ‘just the flu’ actions to you?”

-It looks like the chinese government actually recognizes the power of mother nature. Of course this is not “just the flu”, and that’s why the world response is bigger.

Viruses have been here for billions of years. They evolved from the earliest of organisms. They were here way before humans and will be here long after we are gone. Shame on you for actually believing we have some control or power over them, and, projecting your insecurity, paranoia, and cynicism to us all.

MF

#27 crowdedelevatorfartz on 02.08.20 at 4:59 pm

@#8 MF
“Who knew consuming a mammal with similar biology to humans as food would be a bad idea?”
++++

So I guess brain eating zombies and cannibal tribes should also be avoided?

https://www.livescience.com/51191-cannibalism-prions-brain-disease.html

#28 Mr. Generous on 02.08.20 at 5:34 pm

WestBond Enterprises Corporation

mainly engaged in manufacturing and selling disposable paper products for medical, hygienic, and industrial uses.

WBE on the TSXV

This one’s going parabolic……..

#29 Macdudd on 02.08.20 at 5:48 pm

40% of the world’s active pharmaceutical ingredients (API’s) are manufactured in China. If there are prolonged plant shutdowns, this will be catastrophic for health care systems already plagued with drug shortages. Many potential consequences to consider.

#30 Yukon Elvis on 02.08.20 at 5:50 pm

Whenever i have too many Coronas i am frantically searching for a bat room. Happens every time.

#31 Dave on 02.08.20 at 5:56 pm

God forbid the virus continues to spread…can this lead to China shutting down for a few months?

Would this lead to a global recession?

#32 Doug Rowat on 02.08.20 at 6:08 pm

#20 kim holland on 02.08.20 at 4:00 pm

The latest that I heard the animal the transferred the novel coronavirus was a pangolin not a bat.

But ‘pangolin-sh*t crazy’ isn’t half as good a title.

–Doug

#33 Drinking on 02.08.20 at 6:19 pm

My father was visiting from Europe back in late Nov; I read a short story “yes, back in late November” about an illness spreading through Wuhan. It was in all places reported on the Daily Mail; I just had a sickening feeling about it.
We all know the numbers reported are so far out of wack; I was reading today that a respected British scientist figures that they are at the minimum 10x more infected and dead then reported. Hazmat suits means serious business.

Hopefully it is something that we can all come together and contain; afterall it is a global community, I do feel for the many that are living in fear and just wish to be with there families in China. Ebola last two years in Africa. Tens of thousands dead in North America from influenza.

We all knew that this was going to happen sooner rather then later; let us keep cool heads, stay educated, keep your guards up regarding washing of hands and sneezing into your sleeves or kleenex etc. Teach the children, keep them calm; hopefully this will blow over and we can make some serious changes if we still wish to be a global community. This cannot and should not repeat itself in today’s society.

#34 Doug Rowat on 02.08.20 at 6:20 pm

#25 Camille on 02.08.20 at 4:18 pm

Sorry but “bats are the most likely cause” is pseudoscience. According to Arnaud Fontanet, from France’s Pasteur Institute, the disease did not jump straight from bats to humans. “We think there’s another animal that’s an intermediary,” he told AFP. So you can argue as much as you like, how the statement is factual, it’s not.

Well, Mr. Fontanet clearly doesn’t care about my reference to Ozzy Osbourne working then does he? Think of what’s really important here Camille.

–Doug

#35 Steerage on 02.08.20 at 6:21 pm

Fitting title for the comment section

#36 NoName on 02.08.20 at 6:30 pm

Listen to MF l, none boils a bat for 1sec, and makes a broth that quick, you have to boil it for at lest 45min. After that rehiting it it’s irrelevant.

You can only hope that kitchen stuff that are rehiting soup don’t have my hygiene habits…

#37 Rentthepodium on 02.08.20 at 6:33 pm

Doug trots this healthcare ETF recommendation out periodically. If you were unlucky enough to buy after his last recommendation you’re possibly still underwater from the Dec 2018 plop. Why bother with these sector ETFs? It seems to contradict the main argument of the blog anyway.

#38 Barb on 02.08.20 at 6:38 pm

The Black Death–Bubonic plague–originated in India and China and killed 50% of Europe’s population.
https://en.wikipedia.org/wiki/Bubonic_plague

An Oregon man was diagnosed with it in 2012.
“Gaylord’s illness began after he saw a stray cat with a dead mouse jammed in the back of his throat. The cat appeared to be choking, so Gaylord and a friend attempted to dislodge the mouse. The distressed cat bit his hand. Unable to remove the mouse, Gaylord shot Charlie to end his suffering and buried him in the yard. Two days later, he awoke with a fever and chills.”
https://www.theguardian.com/world/2012/jul/18/oregon-man-case-plague

Bats are scary, as anyone who hikes into caves can attest. Or swims in their pool at dusk. The WWF is suggesting bat houses be built. No thanks.
http://cwf-fcf.org/en/explore/bats/install.html

Viruses lurk everywhere, it appears.
Gardening or hiking in California or Arizona?
https://en.wikipedia.org/wiki/Histoplasmosis
https://en.wikipedia.org/wiki/Coccidioidomycosis

So the health care sector should indeed do well, because viruses “aren’t completely solvable.”

#39 Sail Away on 02.08.20 at 6:55 pm

#38 Barb on 02.08.20 at 6:38 pm

The Black Death–Bubonic plague

An Oregon man was diagnosed with it in 2012.

“Gaylord’s illness began after he saw a stray cat with a dead mouse jammed in the back of his throat. The cat appeared to be choking, so Gaylord and a friend attempted to dislodge the mouse. The distressed cat bit his hand. Unable to remove the mouse, Gaylord shot Charlie to end his suffering and buried him in the yard. Two days later, he awoke with a fever and chills.”

————————————

Was Charlie his friend? Shooting him seems extreme. A bandaid would have sufficed.

Was it his friend Charlie who woke up two days with a fever and chills? Not surprising, seeing as he (Charlie) had been shot and buried.

Where does plague come into this? So confused.

#40 Doug Rowat on 02.08.20 at 6:57 pm

#37 Rentthepodium on 02.08.20 at 6:33 pm

Doug trots this healthcare ETF recommendation out periodically. If you were unlucky enough to buy after his last recommendation you’re possibly still underwater from the Dec 2018 plop.

For most of our clients, they’re up on the health care ETF that’s part of their portfolio.

But I’ve also made it clear that this is a long-term investment.

Pay attention.

–Doug

#41 Sail Away on 02.08.20 at 6:59 pm

#38 Barb on 02.08.20 at 6:38 pm

Bats are scary, as anyone who hikes into caves can attest. Or swims in their pool at dusk. The WWF is suggesting bat houses be built. No thanks.

———————————-

Bats have pools? It seems they would be too small for people. If you build a house for a bat, does it include the pool?

#42 Sail Away on 02.08.20 at 7:11 pm

#36 NoName on 02.08.20 at 6:30 pm

…noone boils a bat for 1sec, and makes a broth that quick, you have to boil it for at lest 45min. After that rehiting it it’s irrelevant.

——————————

I once made the mistake of not fully grilling my bats thoroughly before serving on skewers at the school bbq. Huge social gaffe. Ten years ago and some people still avoid me.

Always fully cook your bats!

#43 Drinker on 02.08.20 at 7:14 pm

#38 Barb

You are absolutely correct but there is a better way to contain it!
With today’s expertise and especially technology it can and should be controlled much quicker then it is now going. Time will tell I guess!

#44 Sail Away on 02.08.20 at 7:30 pm

When on recon in Panama, we came across this farmer at dusk spinning a 30-foot high piece of bamboo, with the upper ends split so they fanned out from the centrifugal force.

We asked what he was doing, and he said catching bats. Apparently, they’re attracted to the movement, and get smacked by the spinning bamboo.

#45 GrumpyPanda on 02.08.20 at 7:57 pm

If you look at the supposed outrage The Province is getting over the headline “2nd China Virus Case in B.C.” you will realize political correctness may pose a greater threat to us. However there is no outrage over beginning the headline with a number. I remember one of my English teachers would deduct marks over such a grammatical travesty.

#46 crowdedelevatorfartz on 02.08.20 at 7:58 pm

@#44 sail AWAY
“We asked what he was doing, and he said catching bats. Apparently, they’re attracted to the movement, and get smacked by the spinning bamboo…”
++++

About 35 years ago some friends were in Mexico in the Yucatan. They told me about their bat experience.

Some new Mayan pyramids had been discovered and one was partially cleared of the jungle cover.
Access to it was path hacked out of the bush about a mile into the jungle off a secondary road .
They rented a convertible jeep and drove out to the site and started hiking.
They got into the pyramid and realized …it was getting dark. Oh crap. Snap a few pics, gotta go.

No lights. Wearing shorts and T-shirts and an hour hike back through a pitch dark, winding jungle path in flipflop sandals. Bugs eating them alive.
Turistas!
Anywho they are about half way back tripping and stumbling in the dark when a man with a shotgun, dogs and a flashlight appears?????
A local native out hunting. He’s looking at them like they are the biggest idiots on the planet.
What was he hunting they asked?
“Jaguars”…….
So ….two step hustle gets them back to the convertible jeep. They start it up…turn on the lights….first the bugs….then the Bats! Dozens. Then hundreds. swooping in to catch the bugs…
The gals were shrieking, which confused the bats even more.
They start driving the jeep to get the hell outta there ….a pure white albino bat with pink eyes smashes into the windshield, momentarily stunned…..
The gals scream louder, the driver flicks on the windshield wipers to rid the windshield of the horror show mere inches from their faces…the bat is still alive, bleeding, flapping, trapped under the wiper .
Eventually it fell off.
Moral of the story.
Bats eat bugs…they are our friends….leave them alone….. safer for everyone involved.

#47 Apocalypse2020 on 02.08.20 at 7:59 pm

The SARS epidemic killed 774 people in 8 months.

Coronavirus has now killed 804 people.

IN 7 WEEKS.

https://www.cnn.com/asia/live-news/coronavirus-outbreak-02-08-20-intl-hnk/index.html

The multiplier effect is just beginning.

Total global economic and social/political catastrophe is coming.

PREPARE.

#48 akashic record on 02.08.20 at 8:00 pm

806 death, surpassing SARS 2203, in just 29 days.
A world pandemic, with more people than the US population in province-wide quarantines, in just one country – is normally investment-influencing event. Even with central banks pumping out money, like Chinese medical teams pumping out disinfection smoke on the streets of emptiness.

#49 Apoplectic on 02.08.20 at 8:06 pm

Well Doug, you brought it on yourself by talking about the Corona Virus (2019-nVoc).

I personally don’t buy this “it came from bats” story. There have always been bats. Bats are mammals just like us so of course it is plausible that some diseases could go back and forth just like we can get deer flu from a tick. But the fact is biologically we have always lived with all the other animals and all their various diseases. So whether it came from bats or not is irrelevant. Not worth discussing. And so far as I know unproven. Have they demonstrated they found a bat with 2019-nCov? I haven’t seen the report. I will admit it is possible though because the bat population around here is virtually non-existent for the last few years. I don’t know where they all went.

But where the virus came from is irrelevant in my opinion whether it came from bats, a lab in Wuhan or Winnipeg, or just mutated from another Cov in my opinion. The questions we should be asking ourselves are what personally to do about it. What if it gets loose in the wild here in Canada? Well, based on what’s happening in China here are a couple of 12 recommendations.

1. Have at least 2 weeks, preferably 4 weeks, of long term storage food in the pantry. I say long term because chances are nothing bad will happen in Canada and you won’t need them, so you can eat it up at leisure over the next couple of years. Long term means cans, dried goods, glass jar preserves (not plastic), pickled items (in glass).

2. Have a method of cooking that does not rely on utilities. That camp stove you have for camping trips in the summer is good enough but maybe stock up on propane. Don’t use high pressure propane indoors.

3. Don’t bother packing the freezer up. If the hurricanes have taught us anything it is that if the power goes out frozen goods will not last. Eat them first if it does. If the neighbors come asking for food give them your frozen stuff first.

4. Have a liter a day of drinking water for said 2-4 week per person. This is pretty cheap it can involve filling a $14 5-gallon camping jug with water from the tap. But bottled water is also pretty cheap.

5. If you do get a flu (of any kind) Gatorade is good to have on hand. Electrolytes and sugar. Don’t buy G2 as it has no sugar. G2 is for dieters not preppers.

6. Don’t eat squirrels. If bats can get it squirrels probably can too. Don’t eat any rodents. (This is meant as a joke referring to the squirrel recipes we used to exchange on this comments section but I believe it is possibly true.)

7. Be prepared with a plan to survive 2-4 weeks in quarantine conditions where you can’t go to work and your children can’t go to school. For most people this means just having 1 month’s worth of money in the bank or access to credit of the same amount. Also maybe buy a few good books to read. (And the food of course.)

8. I don’t see any use in getting face masks. They are mostly to protect other people, not the wearer. And they are unlikely to protect your family if you are all quarantined together.

9. Wash your hands with warm water and soap often. Use disinfectant hand lotion if water and soap are not available.

10. Do these preparations soon! If this thing comes to Canada we probably have 1-2 months before things get out of hand, but once it goes full quarantine it will be to late and you will have to get by on what you have.

11. Don’t worry about the stock market. Even if this thing is 10 or even 100 times worse than SARS it will pass, and life will go on. All those factory shut-downs and supply chain disruptions will only lead to pent-up demand once things are over. The recovery will be as dramatic as the collapse. This is the real reason stocks aren’t taking a hit here and only short term commodity prices are. It could be a couple of months of lousy prints but after that the pent-up demand will fix everything as if it didn’t happen. Unless the banks collapse of course but I think that is unlikely. If anything they will just print up a new batch of central bank tonic and prices will end up even higher.

12. If we actually see a SHTF moment, stay safe. Don’t go to public places, have an in home holiday. Play video games, read a book, play board games, ping pong and pool if you have it.

Again I would like to stress that I think this virus will not get out in the wild in Canada. But it could. And these are simple precautions everyone should already have for whatever way the SHTF. It’ll get you through Corona Virus, an ice storm, an earthquake, a Trudeau government, a protest, a strike at your job, or a rebellion by dogs who finally are tired of our terrible leadership. Oh ya stock up on dog food too.

#50 crowdedelevatorfartz on 02.08.20 at 8:10 pm

@# 37 Rent the soap box
“If you were unlucky enough to buy after his last recommendation you’re possibly still underwater from the Dec 2018 plop….”
+++++

Nope.

My “balanced and diversified” portfolio tanked in Dec 2018….down by about 80k and I left it alone.

It roared back in 2019 and now sits up 160k from the Dec 2018 bloodbath…..

Hardly underwater.

#51 GRUMPY on 02.08.20 at 8:13 pm

Please take cover….. this is not a drill!!!

4:09 pm Canada confirms seventh case of coronavirus

Ontario 3
B.C 4

We can not rely on the Trudeau “joke of a” government to protect us.

https://www.canada.ca/en/public-health/services/diseases/2019-novel-coronavirus-infection.html

#52 Long-Time Lurker on 02.08.20 at 8:22 pm

>The doctor who first warned of the Wu Han epidemic outbreak dies of the virus at age 34 — in the prime of life. Given Red China’s extreme reactions in controlling the epidemic, I think this provides more evidence of the virus being an engineered bio-weapon.

Coronavirus: Whistle-blower Dr Li Wenliang confirmed dead of the disease at 34, after hours of chaotic messaging from hospital

-Li was one of the first doctors who tried to share information about the coronavirus only to be reprimanded by Wuhan police

-Wuhan Central Hospital initially denied reports he was dead, saying he was in ‘critical condition’, before finally confirming he had died

Cissy Zhou
Published: 12:05am, 7 Feb, 2020

Li Wenliang – one of the first doctors who tried to alert the public about the coronavirus outbreak, only to be reprimanded by local police – has died, Wuhan Central Hospital confirmed early Friday morning, hours after it initially denied reports of his death.

“In the fight against the pneumonia epidemic of the new coronavirus infection, our hospital’s ophthalmologist, Li Wenliang, was unfortunately infected. He passed away after all the efforts we’ve taken to resuscitate him. We deeply mourn his passing,” the hospital said on its official Weibo account.

Li, 34, died at 2.58am on Friday, the hospital said.

The announcement capped several chaotic hours in which Chinese media first reported Li’s death, only for the hospital to respond that Li was alive, though in critical condition.

https://www.scmp.com/news/china/society/article/3049411/coronavirus-li-wenliang-doctor-who-alerted-authorities-outbreak

#53 WUL on 02.08.20 at 8:39 pm

I’m doing what I can to reduce health care costs in AB. My efforts might impair health care company earnings.

Loneliness and a lack of romance can impair the health of oldsters like me.

So, I live in Fort McMurray. Apparently, it is the most romantic city in Canada. If I gather some evidence of that personally, I’ll report back. Fingers crossed.

https://www.huffingtonpost.ca/entry/fort-mcmurray-romantic-city-canada_ca_5e3b382bc5b6f1f57f0a9df1

WUL

M64AB – YMM Lonely Hearts Club Charter Member

#54 Mohamed El-Erian on 02.08.20 at 8:40 pm

This is serious folks. Close to 40,000 people worldwide infected. Stay indoors, limit unnecessary exposure to other people.

Doug/Garth – Don’t hold this back from your devoted followers that look up to you for guidance and direction.

US citizen dies in Wuhan, China; UAE confirms 2 more cases

https://www.cnbc.com/2020/02/03/el-erian-says-coronavirus-to-paralyze-china-dont-buy-stock-dips.html?recirc=taboolainternal

https://www.cnbc.com/2020/02/08/coronavirus-latest-updates-china-hubei-wuhan.html

https://www.nytimes.com/2020/02/08/world/asia/coronavirus-china.html

https://www.canada.ca/en/public-health/services/diseases/2019-novel-coronavirus-infection.html

God Bless us All.

#55 Drinking on 02.08.20 at 9:25 pm

Hey Smartass; do you think that Parkinson, drugs and tearing off bat heads with his teeth on stage may have something to do with his current condition? Do love those old Black Sabbath tunes.:)

#56 Commissioner Gordon on 02.08.20 at 9:29 pm

The bat light has been turned off until further notice. It’s attracting too many jokers.

#57 Loonie Doctor on 02.08.20 at 9:37 pm

One thing that concerns me about the healthcare sector profit thesis (that I see first hand) is that while the demographics will drive demand, as demand starts to exceed ability to pay, then there is regulatory risk. Governments may cap prices and profits. The free market has driven much of the innovation and profitability to date. That may get stifled by legislators looking to control costs. More of the existing treatments provided to the masses, but less money driving new ones (unless they are very obviously cost-saving advances). It would require a shift to socialized medicine in the US, but demographics and political winds could drive that eventually. Lots of moving parts and I have no idea how that future will look. So far, it has worked out well as your charts show – but we haven’t experienced the full grey tsunami yet.
-LD

#58 Stone on 02.08.20 at 9:39 pm

#40 Doug Rowat on 02.08.20 at 6:57 pm
#37 Rentthepodium on 02.08.20 at 6:33 pm

Doug trots this healthcare ETF recommendation out periodically. If you were unlucky enough to buy after his last recommendation you’re possibly still underwater from the Dec 2018 plop.

For most of our clients, they’re up on the health care ETF that’s part of their portfolio.

But I’ve also made it clear that this is a long-term investment.

Pay attention.

–Doug

———

Actually, Rentthepodium is right. It’s unfortunate you chose to omit the piece he was right about and only focus on the piece that suited you. You cut out the following:

“Why bother with these sector ETFs? It seems to contradict the main argument of the blog anyway.”

If you had responded to that part instead in a thoughtful manner, I wouldn’t be calling you out on this.

#59 akashic record on 02.08.20 at 9:56 pm

#49 Apoplectic

The Bat-sh*t is Bull-sh*t

#60 Stone on 02.08.20 at 9:58 pm

Was today’s blog post really appropriate considering how many people are suffering and perishing from the coronavirus? Trying to profit from tragedy wether it be this virus, a storm, or some other unfortunate event just leaves me wondering how desensitized everyone appears to be. All for a buck. Batshit crazy? Really? No thank you.

#61 kommykim on 02.08.20 at 10:00 pm

#18 Sail Away on 02.08.20 at 3:52 pm
Today’s Globe and Mail Opinion sections mentions Trump 88 times, all negatively

========================================

As long as Trump keeps doing bad and stupid things, the media is going to report that Trump is doing bad and stupid things.

#62 Sail Away on 02.08.20 at 10:25 pm

#61 kommykim on 02.08.20 at 10:00 pm
#18 Sail Away on 02.08.20 at 3:52 pm

Today’s Globe and Mail Opinion sections mentions Trump 88 times, all negatively

========================================

As long as Trump keeps doing bad and stupid things, the media is going to report that Trump is doing bad and stupid things.

————————————–

Abraham Lincoln was the most hated of all US presidents when in office

#63 Doug Rowat on 02.08.20 at 10:29 pm

#58 Stone on 02.08.20 at 9:39 pm
#40 Doug Rowat on 02.08.20 at 6:57 pm
#37 Rentthepodium on 02.08.20 at 6:33 pm

Doug trots this healthcare ETF recommendation out periodically. If you were unlucky enough to buy after his last recommendation you’re possibly still underwater from the Dec 2018 plop.

For most of our clients, they’re up on the health care ETF that’s part of their portfolio.

But I’ve also made it clear that this is a long-term investment.

Pay attention.

–Doug

———

Actually, Rentthepodium is right. It’s unfortunate you chose to omit the piece he was right about and only focus on the piece that suited you. You cut out the following:

“Why bother with these sector ETFs? It seems to contradict the main argument of the blog anyway.”

If you had responded to that part instead in a thoughtful manner, I wouldn’t be calling you out on this.

You’ve put no effort into proving why they’re right, except to state that they are. Write me a “thoughtful” little essay yourself Stone proving that sector ETFs have no value, or run contrary to this blog or anything that I’ve ever written. Put some effort into it and I’ll respond.

But only if I feel that you’ve worked at it.

–Doug

#64 David Soul on 02.08.20 at 10:29 pm

The health care index is heavy with marijuana stocks. Those have flushed billions down the toilet. That’s why the sectors is red. Pot is a loser. Trudeau is the loser who thought if enough people got stoned they’d forget what a loony tune he is. Who would think that addiction to drugs could build a country?

Now China on the other hand built a country on guile and the stupidity of globalist Liberals. And then came the wake up call, Corona Wuhan.

https://www.breitbart.com/economy/2020/02/07/curtis-ellis-the-coronavirus-exposes-the-true-cost-of-the-china-price/

China’s fake tromp to the stars and glory has all been as fake as climate change. You had to be stoned to believe the story. Their murderous communists for dog sake !

I remember in the 60’s when we collected pennies in collection boxes to feed the starving children in China. Reality check, it was the murderous Red Guard killing millions that led to famine. The Mao Mao started threatening to kill us all iwith the world’s first million man army if we didn’t subsidize their economy. Factories for nuclear peace. Nixon foolishly agreed. Looking back we should have called his bluff. He was feeding his soldiers grass and bugs.

China is not an economy, it’s a prison camp. Don’t be fooled. The supply chain distortion is like a mirror that’s been broken. China is exposed for what it is. This disease is a god-send to producers here who can finally tell WallMart to stuff itself. Wall Mart is a big loser here.

China’s back to crying out for help, let’s not be fooled again, we owe them nothing.

#65 Sail Away on 02.08.20 at 10:50 pm

#60 Stone on 02.08.20 at 9:58 pm

Was today’s blog post really appropriate considering how many people are suffering and perishing from the coronavirus? Trying to profit from tragedy wether it be this virus, a storm, or some other unfortunate event just leaves me wondering how desensitized everyone appears to be. All for a buck. Batshit crazy? Really? No thank you.

——————————–

You could just not read.

That would take less effort than getting all pious.

#66 Al on 02.08.20 at 11:25 pm

“Why bother with these sector ETFs? It seems to contradict the main argument of the blog anyway”

I’ll answer this for you Stone, these boys like the game of trying to guess/win, also they gotta look like they’re earning their 1%. They could get the same (probably better) performance by doing hardly anything.

#67 will on 02.08.20 at 11:48 pm

I don’t buy the bat story. forget about that.

#68 Long-Time Lurker on 02.09.20 at 12:25 am

>Meanwhile, while Commander Clueless self-promotes himself in Africa, the U.S. has already secured it’s borders, airports and entry-points, as well as preparing quarantine centers.

>One can only hope that (Deputy) Prime Minister Freeland will realize the seriousness of the situation and take intelligent action.

Military preparing quarantine centers for coronavirus patients in US, Pentagon says
BY CHARLES DUNCAN
FEBRUARY 07, 2020 10:39 AM

Eleven military bases near major airports in the United States are setting up quarantine centers for possible coronavirus patients, the Department of Defense said.

The Department of Health and Human Services asked the Pentagon for quarantine space in case beds fill up at other coronavirus centers around the country, according to a DOD statement.

The Pentagon already agreed to house up to 1,000 people for quarantine after they returned to the United States from areas with the virus, the Associated Press reports.

As of Friday, more than 31,400 people have been infected with the 2019 coronavirus worldwide, with most in mainland China, according to the AP. More than 630 people have died from the virus, almost all in China, the AP reports….

https://www.miamiherald.com/news/nation-world/national/article240078853.html

#69 Chick Palindrome on 02.09.20 at 2:47 am

#51 Grumpy. Our holier than thou health administrators lied to us shamefully during SARS that 44 people lost their lives due to cowardice and incompetance. Are they doing it again? Since then they’ve publishes dozens of excuses to exempt themselves, but really, people died and these “professionals” have never taken responsibility. Any newspaper archive proves this.

https://calgaryherald.com/

People at high risk and symptomatic are being told to “self quarantine”. How many thousands across Canada if the number is hundreds in Calgary alone?

Being politically correct isn’t being responsible or professional. The same old network is setting us up for a spiral into infamy. I refer to SARS when Canadian travelers were banned from flying and even Singapore denied Canadian passports from entering. Big joke? Not to me!!

#70 Dharma Bum on 02.09.20 at 8:11 am

“The creatures were the original source of Ebola, which has killed 13,500 people in multiple outbreaks since 1976; Middle Eastern respiratory syndrome, better known as MERS…”
——————————————————————–

In other news, MERS have been known to kill the returns of many investors who foolishly invested in mutual funds with high MERS.

Bats are also responsible for high MERS, as recently reported in the Financial Journal of Pseudoscience.

This is an epidemic that is killing the potential retirement funds of thousands of clueless RRSP holders who took advice from [email protected], many of whom are a bunch of old bats.

To the Bat Cave, Robin!

#71 Stone on 02.09.20 at 8:15 am

#63 Doug Rowat on 02.08.20 at 10:29 pm
#58 Stone on 02.08.20 at 9:39 pm
#40 Doug Rowat on 02.08.20 at 6:57 pm
#37 Rentthepodium on 02.08.20 at 6:33 pm

Doug trots this healthcare ETF recommendation out periodically. If you were unlucky enough to buy after his last recommendation you’re possibly still underwater from the Dec 2018 plop.

For most of our clients, they’re up on the health care ETF that’s part of their portfolio.

But I’ve also made it clear that this is a long-term investment.

Pay attention.

–Doug

———

Actually, Rentthepodium is right. It’s unfortunate you chose to omit the piece he was right about and only focus on the piece that suited you. You cut out the following:

“Why bother with these sector ETFs? It seems to contradict the main argument of the blog anyway.”

If you had responded to that part instead in a thoughtful manner, I wouldn’t be calling you out on this.

You’ve put no effort into proving why they’re right, except to state that they are. Write me a “thoughtful” little essay yourself Stone proving that sector ETFs have no value, or run contrary to this blog or anything that I’ve ever written. Put some effort into it and I’ll respond.

But only if I feel that you’ve worked at it.

–Doug

———

I actually don’t need to prove anything. He made a valid point. Your response is enough proof that what I wrote above bothers you and it wouldn’t bother unless there were any doubts on your part.

Write an essay? You must be joking. I’m not 12 trying to impress schoolteacher, or the schoolyard bully. I’m posting a comment on a blog. A little perspective here.

#72 crowdedelevatorfartz on 02.09.20 at 8:50 am

@#64 david Soul
” He was feeding his soldiers grass and bugs…..”
++++
tish tosh.

Enough of that dreary,depressing topic.
You still havent answered me.

How’s Starsky doing?

#73 crowdedelevatorfartz on 02.09.20 at 8:53 am

@#71 Stoned
“I’m posting a comment on a blog. A little perspective here.”
+++++
Well, you were prattling on with your comment on HIS “guest” weekend blog.

Perhaps you should back up your prattle with some verifiable facts?
Or are you full of hot air….like me?

#74 crowdedelevatorfartz on 02.09.20 at 8:58 am

@#64 david Souless
“This disease is a god-send to producers here who can finally tell WallMart to stuff itself. Wall Mart is a big loser here.”
+++++

On further reflection…….
Your empathy for the sick and dead is……stupefying.

#75 Shawn allen on 02.09.20 at 9:08 am

Not part of your “we”

David soul at 64 rants about China and says “w e owe them nothing”.

Not sure who he thinks is in his “we” but be assured I am not a member of his group.

I’ve never felt threatened by the Chinese. North American living standards have risen greatly at the same time as hundreds of millions of Chinese cane out of poverty. If their economy is fake, how to explain all those rich tourists from China?

#76 crowdedelevatorfartz on 02.09.20 at 9:11 am

ladies and gentlemen

https://theprovince.com/news/canada/canada-ethiopia-starting-talks-towards-investment-agreement-trudeau/wcm/f2416dd9-5253-4658-a7fd-f0343f08bc95

The Liberal govt taxpayer give away for a seat on the UN Security council.

One wonders how many hundreds of millions of taxpayer dollars the Trudeau govt will urinate against the wall on this public relations campaign to make Trudeau look like a “Statesman”….

Your tax dollars at work

“Trudeau also revealed a $10-million contribution to the African Union Commission for gender equality and women’s empowerment.” Uh-huh. – Garth

#77 crowdedelevatorfartz on 02.09.20 at 10:31 am

“Trudeau also revealed a $10-million contribution to the African Union Commission for gender equality and women’s empowerment.”

++++

Yep.
$10 million for the AUC so that another dictator can buy a chalet in Switzerland.

I wonder if a spare $10 million will even cover the cost of flying, feeding, hosteling, and photographing Trudeau’s MP’s entourage …all…. over…. Africa…..
But hey, Africa’s dictators must be loving all the attention and money. Norway, Ireland, Canada,…. all lining up to try and buy a seat on the UN Security Council….. a bribe by any other name…. and if you were in the private sector doing what these self promoting political weasels are doing…..you’d be facing charges of corruption.

A seat on the UN Security Council so that Dpty PM Freeland can stand on an extra large soap box and wag her finger at all the other bored bureaucrats in the room………..

Newsflash Trudeau …the UN is a big yawn with the taxpaying public

#78 Sail Away on 02.09.20 at 10:43 am

#76 crowdedelevatorfartz on 02.09.20 at 9:11 am

One wonders how many hundreds of millions of taxpayer dollars the Trudeau govt will urinate against the wall on this public relations campaign to make Trudeau look like a “Statesman”….

Your tax dollars at work

“Trudeau also revealed a $10-million contribution to the African Union Commission for gender equality and women’s empowerment.” Uh-huh. – Garth

——————————

Such an annoying man-child. The world already laughs at Canada for the gender equity foolishness. Now he’s giving money to Africa, of all places, for the same?

#79 Doug Rowat on 02.09.20 at 10:53 am

#71 Stone on 02.09.20 at 8:15 am

I actually don’t need to prove anything. He made a valid point. Your response is enough proof that what I wrote above bothers you and it wouldn’t bother unless there were any doubts on your part.

Doubts? That’s why I added the sector-specific health care ETF to the nearly billion dollars of client assets that our practice manages. A profitable addition that has also helped control portfolio risk.

In broad strokes I explained the rationale for health care (and indirectly why sector-specific ETFs sometimes have utility within a well-diversified portfolio) in a 600-word blog post, which is, most certainly, not my day job.

But your sheer laziness? Your lack of effort to defend any point you make? To snipe anonymously? To put nothing on the line with your name behind it? You got me there. That bothers me.

–Doug

#80 NoName on 02.09.20 at 12:07 pm

#155 Sail Away on 02.08.20 at 1:08 pm
#154 NoName on 02.08.20 at 12:51 pm
#153 Sail Away on 02.08.20 at 12:32 pm

space internet

i am sure that smarter people than me already put some serious thought in v-band (40+ GHZ), but i cant see that being that reliable, especially in urban environments.

——————————

Folks said the same about electric cars and private space companies.

Who proved them wrong? Exactly.

—-
Funny replay, especially for someone who is an engineer…
You just took one sentence out if it prove point, with something completely unrelated.

Will i mount an external antenna on my roof and use elons internet over bells, to save mo 10 bucks, yes, that will be disruptive for current internet provider incumbatantants, but my cellphone will never ever be able to “talk data” to satellite on EHF without being significantly upsized.

Look it up propagation for extreme high frequency, 30-300 GHZ. I lose bell tv signal on Ku band during rain and snow storms with 1m dish, i can just imagine how much more higher frequencies are affected with cloud covers.

Anyways anecdotal thing and while i am steel on topic on radio waves electricity and magnetic field, at work my cell phone loses carrier signal soon as robots start working motors start spinning.

#81 Ronaldo on 02.09.20 at 12:14 pm

#47 Apocalypse2020 on 02.08.20 at 7:59 pm
The SARS epidemic killed 774 people in 8 months.

Coronavirus has now killed 804 people.

IN 7 WEEKS.

https://www.cnn.com/asia/live-news/coronavirus-outbreak-02-08-20-intl-hnk/index.html

The multiplier effect is just beginning.

Total global economic and social/political catastrophe is coming.

PREPARE.
——————————————————————
50,000 people die of pneumonia in the USA each year. That is 1000 per week. Therefore, 7,000 people have died of pneumonia in the USA in same period. We have a ways to go before we have to run for the bunker.

#82 Not So New guy on 02.09.20 at 12:16 pm

I wonder if a spare $10 million will even cover the cost of flying, feeding, hosteling, and photographing Trudeau’s MP’s entourage …all…. over…. Africa…..

=====================================

And a whole new closet full of culturally relevant outfits!

Is he supposed to wear blackface when he goes to visit?

#83 Samantha on 02.09.20 at 12:23 pm

Here is a site that graphs the coronavirus cases in Ontario http://www.coronavirusontario.ca

Thing don’t look bad so far, but I think we are yet to see more cases in Canada in the next few weeks. Invest accordingly.

#84 Stone on 02.09.20 at 12:25 pm

#79 Doug Rowat on 02.09.20 at 10:53 am
#71 Stone on 02.09.20 at 8:15 am

I actually don’t need to prove anything. He made a valid point. Your response is enough proof that what I wrote above bothers you and it wouldn’t bother unless there were any doubts on your part.

Doubts? That’s why I added the sector-specific health care ETF to the nearly billion dollars of client assets that our practice manages. A profitable addition that has also helped control portfolio risk.

In broad strokes I explained the rationale for health care (and indirectly why sector-specific ETFs sometimes have utility within a well-diversified portfolio) in a 600-word blog post, which is, most certainly, not my day job.

But your sheer laziness? Your lack of effort to defend any point you make? To snipe anonymously? To put nothing on the line with your name behind it? You got me there. That bothers me.

–Doug

———

Of course it’s your day job. This is an excellent way to go out and acquire new clients as well as retain existing ones (and potentially lose some). I take no issue with that but don’t go tell me this isn’t part of your day job. It is. I wasn’t born yesterday. It’s the digital version of going out and presenting to a group of potential clients across the country without leaving the comfort of your office. It’s extremely smart and for that, Garth is a genius. Hell, it got me to walk into your office at Scotia Tower years ago.

In the end, you wrote a post. Not everyone is going to agree with you on what you’re trying to sell based on it. I’m not sold. Rentthepodium isn’t. Others who didn’t post a comment might feel the same way. Then again, maybe not. Maybe everyone is lapping it up enthusiastically. Who knows and who cares. This blog has espoused the virtues of a balanced and globally diversified portfolio without getting into the weeds (like picking specific stocks or sectors) and many have seen the logic in that. We’ve witnessed first hand that it works. Of late, you and Ryan have been pushing this health care sector thing. It kind of craps on what Garth’s been preaching for a very, very long time. When you don’t believe in investing in a sector and prefer to be broad based, of course you’re going to question that.

And then, when things don’t work out, you say it’s a long term game. It’s not a game. Those who use the long term game comment lose credibility in my eye. People want tried and true, not cowboy antics. It’s their hard earned money and their future comfort at stake. Look at pref shares. One hit wonders which otherwise suck.

Let’s go back to what started this in the first place. You cut out the piece that Rentthepodium was calling you out on. Instead, you told him to “Pay attention” and it was done in a condescending manner. I think Rentthepodium was paying attention which is why he/she raised the point in the first place. I then called you out on it. Again, snarky response.

If after all that, you’re still not getting it, I can’t help you. Sometimes, a nice long walk alone helps release the steam and clears the mind.

#85 Sail Away on 02.09.20 at 12:36 pm

#5 Dr V on 02.08.20 at 2:24 pm

This used to be a bat-friendly blog!

—————————-

Sad, isn’t it? Denigrate a friend, gain a little momentum, and mob rule asserts itself.

“If a lie is only printed often enough, it becomes a quasi-truth, and if such a truth is repeated often enough, it becomes an article of belief, a dogma, and men will die for it.”
— Isa Blagden

“Rather than love, than money, than fame, give me truth.”
— Henry David Thoreau

#86 Sail Away on 02.09.20 at 12:44 pm

#56 Commissioner Gordon on 02.08.20 at 9:29 pm
The bat light has been turned off until further notice. It’s attracting too many jokers.

——————-

Haha

#87 Bat Lives Matter on 02.09.20 at 1:29 pm

Stop being so mean to us. (We can find you in the dark)

#88 crazyfox on 02.09.20 at 1:58 pm

#77 crowdedelevatorfartz on 02.09.20 at 10:31 am

I think it would be an incredible mistake to dismiss Trudeau’s foreign aid and visit to Africa as a pure waste of money with the wave of a hand.

Africa has 1.3 billion people with the same issues of overpopulation. The only way to deal with overpopulation is through empowerment of women (gender equality) and birth control:

https://en.wikipedia.org/wiki/List_of_African_countries_by_population

While tackling the burden of overpopulation, African economies will need investment to raise their people out of poverty but there are worthy ventures to invest in with Africa. Currently, 3 out of the top 5 fastest growing world economies are out of Africa and perhaps a surprise to some, Ethiopia comes in 2nd. Of course, this kind of growth would not happen if not through foreign aid but suggests that there are markets in Africa worth accessing, as we’ve always known through commodities such as base metals where miners in the TSX have done well:

https://www.worldfinance.com/markets/the-worlds-five-fastest-growing-economies

Financially speaking, when it comes to increasing market share (this is something that successful Canadians should want, one would think), its all about access. We won’t get that by being cheap and prejudiced no, we’ll get that through the recognition of human value for what its worth, through compassion, charity and leadership.

I’m not sure why these are such hard concepts for some to understand… we we’re supposed to have learned this by the time we become adults. Much of what we learn is passed on from generation to generation but much of what we value also comes from the refusal to learn from the random choices we make that led us directly to failure, perhaps the refusal to recognize failure itself to avoid the humility and continue the embrace of a false belief (superior/inferior).

Don’t know, can’t say precisely, several perspectives to choose from but I never liked that about the Federal Conservatives, all too willing to cry cheap with foreign policy (at least, since Harper) while continually pining away for tax cuts to the rich. Cheap and greedy with a slice of discrimination is not something one with a conscience easily signs up for.

#89 Flail Away on 02.09.20 at 2:18 pm

#62 #78

Really, Abraham Lincoln was the most hated president in US History? Says who? Why not include a reference.

But more importantly, so what?
Abraham Lincoln was the most hated president in US history and …. finish your thought if you actually have one. Probably some nonsensical logical fallacy linking being hated to being an effective President

And then, more nonsense.. “The world already laughs at Canada for the gender equity foolishness” says who? Where is your reference for this?

You know who has been laughed at by the world. Your president Trump. Twice

First when delivering his address to the Union boasting about his accomplishments as president
https://www.youtube.com/watch?v=-z4y8OJxlK8

And then there was the time that T2 was caught on camera/ hot mic with Boris, Marcon & Mark Rutte joking about Trump at the Nato summit.
https://www.vox.com/2019/12/4/20995038/trump-trudeau-video-nato-summit

I agree, T2 looks like an amateur being caught like this but you are delusional if you do not think this sort of conversation happens all the time and Trump gives them lots of things to discuss. I wonder what V. Putin says about Trump behind his back.. probably something like the best president Russia has ever had.

And for the record, T2 was attending the African Union Meeting when it was focused on gender equality and female empowerment. He did not announce out of the blue that was what he was giving money for. Like it or not, T2 has made this an issue and it has helped him win votes at home. So what?

“Now he is giving money to Africa of all places” . Africa of all places, interesting phrase, perhaps you should elaborate. Don’t you give money where it is most needed? Africa gets about 40% of Canada’s International Aid budget and has for a long time under both Liberal & Conservative governments.
https://cidpnsi.ca/canadas-foreign-aid-2012-2/

I give T2 props for bringing Masai along on his campaign for African votes. Masai is loved and respected in Africa. Not sure it matters and if I had my druthers Canada would not bother chasing that Security Council seat. Let Bono have at it.

Anyway, I have some cooking and carpentry to attend to. I will let you get back to your counting Trump references in Canadian news outlets and commenting on blogs – awesome hobby you have there. I did love that G&M Coyne piece though.

#90 Sold Out on 02.09.20 at 2:45 pm

Whew, some very thoughtful, balanced, well-crafted comments today. Sadly, one has to pick through more than the usual amount of misogynist, tin-foil wrapped, self-aggrandizing drivel to find them.

#91 Sail Away on 02.09.20 at 4:39 pm

#89 Flail Away on 02.09.20 at 2:18 pm

I did love that G&M Coyne piece though. [Insulting Trump and attributing delusions of grandeur]

————————————

That’s nice. The United States Democratic Party of Canada surely appreciates the solidarity.

#92 Sail Away on 02.09.20 at 4:43 pm

#90 Sold Out on 02.09.20 at 2:45 pm

Whew, some very thoughtful, balanced, well-crafted comments today. Sadly, one has to pick through more than the usual amount of misogynist, tin-foil wrapped, self-aggrandizing drivel to find them.

——————

Don’t beat yourself up, Sold; your stuff’s not that bad. Tinfoil and self-aggrandizing, yes, but not really misogynistic.

We’re a forgiving group.

#93 Steven Rowlandson on 02.10.20 at 7:22 am

When it comes to vaccines the problem apart from toxic additives is the mutation rate of the virus. If your dead or attenuated virus in your vaccine is genetically out of date the vaccine will be ineffective because it does not genetically match the current form of the virus. The virus become immune to the vaccine and the immune system of the host through mutation. This is evolution in action….Survival of the fittest and the different.

#94 Rakiki on 02.10.20 at 9:07 am

One way to combine dividend exposure with health care sector exposure is the XDG ETF, which is about 20% health care stocks, charges a 0.22 fee, yields around 3%. Something to look into, it holds the majors such as Merck, PG, Roche, Pfizer, Novartis… made it one of our main dividend holdings. Seems well positioned for future demographic trends.