6
votes
Daily coronavirus-related chat, questions, and minor updates - April 6
This thread is posted daily, and is intended as a place for more-casual discussion of the coronavirus and questions/updates that may not warrant their own dedicated topics. Tell us about what the situation is like where you live!
My boss/mentor/counterpart in our office from a nearby city was terminated today. While still on parental leave for the birth of his first child. I'm shocked, angry, and completely devoid of motivation.
Sounds like that might warrant at least a look into whether that's an illegal termination.
His last day of parental leave is Friday, which is also his last day at the firm, so I think it is technically not a termination during leave. Oh and they just announced pay cuts across the board a few minutes ago. For some reason, I was naive enough to think I'd come through unscathed if this person was getting laid off.
My expectation for this pandemic was that it would last for months and the lockdown would too. Today's stock market runup seems to be on the basis of the pandemic slowing, whereas I feel like last week officials were saying these next 2 weeks were going to be the worst.
So is this actually wrapping up more quickly than expected, or...? I'm not sure how to reconcile those two pieces of information, and I'm unclear on how the general lockdown could be lifted and the economy could get running again any time soon.
I'm not sure you'll find much rationality in market prices.
The stock market is forward looking.
That said, I wouldn't read too much into the stock market, it's on a sugar high from all the global stimulus.
It takes a couple of weeks for the effect of a shutdown to show up in reduced growth of cases.
It can take a month for the effect of a shutdown to show up in reduced growth of deaths.
It can take two months for the number of active cases to go to zero.
Look at china, which locked down late jan-early feb, and didn't see the words of it until early march