Bear market bingo: Five ways investors can pass the time during the COVID-19 crisis

How do you tell when you are in a bear market? Well, every day my son asks me how the markets did. When I find myself saying, “They only fell two per cent,” then I know we are in a bear market. And so it goes.

But this bear is different, because the whole world is stuck at home, and investors, like me, are likely going crazy with market volatility (nothing new in a bear market) but this time investors are also trapped with stuck-at-home boredom. So, to help you pass the time, here are five things you can watch for in today’s unusual investment world. Think of it as “bear market bingo.”

Track the coronavirus stock plays

This is perhaps the most exciting game for the viewers stuck at home. That’s because — guess what — some stocks can still actually go up, if they are in the corona-virus-treatment-or-vaccine

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Loss of taste and smell key COVID-19 symptoms, app study finds By Reuters

© Reuters. FILE PHOTO: The spread of the coronavirus disease (COVID-19) in London

By Kate Kelland

LONDON (Reuters) – Losing your sense of smell and taste may be the best way to tell if you have COVID-19, according to a study of data collected via a symptom tracker app developed by scientists in Britain and the United States to help monitor the coronavirus pandemic.

Almost 60% of patients who were subsequently confirmed as positive for COVID-19 had reported losing their sense of smell and taste, data analysed by the researchers showed.

That compared with 18% of those who tested negative.

These results, which were posted online but not peer-reviewed, were much stronger in predicting a positive COVID-19 diagnosis than self-reported fever, researchers at King’s College London said.

The app, which the researchers say could help slow the outbreak and identify more swiftly those at risk of contracting COVID-19, can be

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There are likely more unemployed Americans right now than at any time in history

We may be staring down the highest levels of joblessness, ever.

A total of 7.1 million Americans were unemployed in March, up 1.4 million from last month, according to data published Friday by the U.S. Bureau of Labor Statistics.

But the actual number of Americans out of work is far greater, given that report is through March 13—before the unprecedented wave of layoffs. In the two weeks ended March 21 and March 28, the country saw a combined 10 million initial unemployment claims.

If you combine the number of Americans unemployed in the March jobs report and the following two weeks of unemployment claims, then the unemployed total sits above 17 million—a number more massive than the Great Recession’s peak of 14.7 million in June 2009. In fact, 17 million unemployed Americans would be the highest level in the country’s history.

“The March unemployment numbers are old and do … Read More