NEW DO ME/TEQUILA INVESTMENT THREAD

YOU hit the Nail on the Head!

Due to lack of test kits, labs, reporting, distribution, logistics, lack on bans etc. (Our Govt. has totally failed in these areas); we have NO IDEA of how many infected and how many are being infected by them.

Expect numbers to soar on number of Infected & Deaths.

finance.yahoo.com/news/trumps-response-to-coronavirus-pandemic-may-cause-the-next-great-depression-150433308.html

It is very difficult to pick the bottom. So what Tequila & I do is BUY small lots on selected per-determined stocks whenever the Market drops 900 or more points.

For Instance WE THINK UBER is at a great price = so WE will slowly pick-up more shares.

Well, it looks like the Market will drop even more over the next few weeks = I am predicting another 18-25% DROP. I still have some cash burning a hole in my pocket...

Why?

WE (America) is not on top of this Virus and are way behind the 8-Ball so to speak.

The markets, didn't for a second BUY anything Donald said on the evening of Mar 11th.

WE all know that a COMING SURGE of Infected Victims & sadly the number who have died since we have not yet issued enough Tests Kits, etc.  but do not believe me = Please read.

www.msn.com/en-us/news/politics/republicans-democrats-complain-to-trump-administration-officials-about-lag-in-coronavirus-testing/ar-BB116O4h?li=BBnb7Kz
Congressional Republicans and Democrats on Thursday complained to Trump administration officials over the lag in U.S. testing for the coronavirus pandemic compared with other nations.

In separate briefings on either side of the Capitol, top public health officials told lawmakers that the U.S. must move to a new testing model that does not rely on the intervention of doctors to combat the coronavirus.

The officials — including Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases — made the statements in response to questions about why U.S. testing capacity has lagged that in South Korea, where hundreds of thousands of people have been tested, more than 10,000 per day.

So far, in the U.S., only about 11,000 people have so far been tested, according to the briefers.

Sen. James Lankford (R-Okla.), echoing other senators leaving the briefing, said the Trump administration officials indicated it will be some time before testing would be more widespread and he acknowledged that President Trump’s recent statement that anyone who wants to get tested can get tested is “not consistent right now” with what is actually happening.

“We couldn’t get a good clear answer on when we’re going to get commercial testing out there, labs that can get faster responses and when we’re going to allow every person who wants to be tested to be able to be tested,” Lankford said.

Sen. Lamar Alexander (R-Tenn.), chairman of the Senate Health, Education, Labor and Pensions committee, raised the need to match South Korea.

“South Korea, for example, is doing a better job,” he told reporters. “We not only need a better system for later, we need a better system for now. And we’re going to focus on that as rapidly as we can.”

Separately, Sen. Rick Scott (R-Fla.) took his complaints directly to the White House in a conversation Thursday morning, according to an official familiar with the details who spoke on the condition of anonymity to speak freely.

Later in the day, Scott announced that he was self-quarantining after coming in contact with a member of a Brazilian delegation who tested positive for the disease.

Sen. Jeff Merkley (D-Ore.) said senators of both parties wanted an answer to the same question: “Why aren’t we copying the successful testing strategy of other nations?”

“And the response from the experts on the panel there was: We do have to set up a different system,” Merkley said attributing that remark to Dr. Stephen Redd, a senior official at the Centers for Disease Control and Prevention.

Merkley said there was “no sense of, like, ‘We met yesterday and we’re going to have a plan and we’re going to instruct every state how to set it up.’ There was nothing like that.”

Rep. Anna G. Eshoo (D-Calif.), who led a meeting of House members with the officials, said she pressed several administration officials on why U.S. capacity has lagged that of South Korea and said Fauci and others acknowledged the disparity.

“He said the way our system is set up is, it’s always been doctor-patient, and he said for this, it should change now,” Eshoo said of Fauci’s remarks. South Korea is processing “at least 10,000 people a day without any physical contact with them,” she added. “They’re in their cars. They’re driving through.”

But neither Fauci nor other briefers could detail a step being taken to move to a “drive-up” model where Americans would not need a doctor to evaluate them and order the tests.

Said Eshoo, the response was: “ ‘Well, we’ll examine it. We’ll take a look at it.’ Except time is of the essence in our country.”

Rep. Greg Walden (R-Ore.), the top Republican on the House Energy and Commerce Committee, said moving to a new model was not a simple matter:

“You get a pretty complicated set of questions behind that easy one. How do you pay for that? Who pays for that? What system are you in? You know, we have a different medical delivery system here.”

In the House briefing, much of the discussion surrounded bottlenecks in the availability of testing — particularly the availability of special chemicals known as reagents needed to conduct the tests.

Food and Drug Administration Director Stephen Hahn told lawmakers his agency was aware of the issue and doing everything possible to secure supplies of the needed chemicals.

Walden said the supply-chain issues have been well known to pharmaceutical industry experts for years, but are only now coming to broader prominence.

“A lot of us have talked about this . . . Now we’re getting this reality,” he said. “So they’re doing everything they can to ramp up the private and public sectors to provide that kind of access to tests that are needed. And there’s more that needs to be done, and they know that.”

AND: www.bloomberg.com/news/articles/2020-03-12/lawmakers-told-u-s-is-unable-to-handle-large-volume-virus-tests?srnd=premium
Fauci Concedes Shortage of U.S. Coronavirus Tests Is ‘A Failing’

The lack of widespread testing for the coronavirus is “a failing” of the U.S. public health system, the government’s top infectious disease scientists told lawmakers, even as the nation’s surgeon general said separately that not everyone needs to get tested.

“The system is not really geared to what we need right now -- what you’re asking for -- that is a failing,” said Anthony Fauci, director of the National Institute for Allergy and Infectious Diseases. “It is a failing. Let’s admit it.”

Fauci said the U.S. system isn’t set up to facilitate rapid distribution of testing for a disease that hasn’t been previously encountered. He spoke as lawmakers expressed frustration that the U.S. wasn’t able to match the response of nations such as South Korea, which is testing 10,000 a day.

“The idea of anyone getting it easily, the way people in other countries are doing it, we’re not setup for that,” Fauci told the House Oversight and Reform Committee. “Do I think we should be? Yes. But we’re not.”

Fauci did deliver some good news: he said the first human test of a novel coronavirus vaccine could begin in a few weeks, faster than expected, though he added it still would be a year or 18 months before its available to the public. READ MORE…