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Day 76 – May 31, 2020

Looking around the world for some good, optimistic news… we could all use a bit of that… I came across both France and Italy, both showing steadily declining numbers… and entering re-opening phases… a very welcome progression for those two places that were hit very hard.

One of the well-known symptoms of COVID-19 is how it affects the sense of taste and smell.. and that reminded me of amusing thought… due to an observation I had when I was in Paris in 1996. My girlfriend at the time was studying a year abroad at The Sorbonne, and I’d gone over to visit her for a couple of weeks. We didn’t have a lot of money to spare as we were saving money to go to Italy the following week, so we spent most days just wandering the streets of Paris, from park to park, coffee shop to coffee shop. And what struck me were two things; everybody smoked, and nobody picked up after their dogs. The streets were littered with cigarette butts and dogshit, and it occurred to me that the two things were connected. Most people didn’t realize now badly their city smelled, because all they could sense on a continual basis was cigarette smoke. Actively, stale or second-hand — you couldn’t get away from it.

And all of that reminds me of a funny story…

She lived in a tiny apartment above a coffee shop that she frequented, and on my first morning there, we went down to grab a coffee.

“Un latée, si vous plait”, I said to the shopkeeper/barista/older French guy.

“Monsiour, there is no such thing as a ‘latée’ — what you want is a café-au-lait. You Americans… you butcher our language.”

Whoah dude, what… jeez.

Typically, in that situation, the first thing I do is clarify the very relevant, important and proud point that I am Canadian, not American. But in that very WTF moment, what I said was… and I should point out, I don’t speak German… but having visited Berlin a few years earlier, I still remembered a few key words… and so what I found myself saying was,

“You know… if it weren’t for us Americans, I wouldn’t be asking for a latée… or a café-au-lait… I’d be asking for Ein Heisse Milch Kaffe.”

As you might imagine, that was not well-received. The look of genuine surprise on his face though, the way his eyes got all wide… his own WTF expression… that was funny.

“Get out. Don’t come back”.

Hell yeah man, we’re outta here, and we’re not looking back.

So that’s how you get banned from a French coffee shop. The girlfriend wasn’t too pleased, having had her daily coffee hook-up destroyed (it wasn’t, she went right back to it after I left), but that whole episode brought to mind that old saying that France is wonderful, except for the people. I don’t really agree with that; we met some great people on that trip and I’ve been back there a few times since. Always a great experience. Arrogant jerks come in all shapes and sizes, and you’ll find them everywhere.

And we did make it to Italy, near the end of the trip… near the end of the relationship too, in fact… due to episodes like that one, but also this:

The idea was to get to Venice, but it was going to be shoestring all the way. Staying in Venice was out of the question, but we found a cheap hostel in Padova, about a 30-minute train ride away. Cool hostel by the way… the rooms were all molded plastic. The bathroom — sink/toilet/shower — was one tiny molded room, and after you used it, you’d push a button and the entire thing — every part of it, would be thoroughly cleaned; a whole cycle of soap/rinse/dry.

So in the morning, we headed to the train station to catch the train to Venice. I don’t remember how much the tickets were in Lira (this was before the Euro), but it was roughly $14 for a 1st-class ticket and $12 for a 2nd-class ticket, and we got into a huge argument. I wanted to pay the extra $2, and she argued we didn’t need to. Come on it’s only $4, yeah but it’s throwing money away, yeah but jeez, for the experience, who knows when we’ll be back here, as if we’re ever coming back here together, etc. Finally, I had to cave because — well, does that even need explaining. In any event, she spoke Italian so she went to deal with it… she bought us two 2nd-class tickets and she guided us to the platform and onto one of the train’s 2nd-class cars.

And, I have to be honest. It was really nice. Plush, comfortable seats. Not crowded. Quiet. Air conditioned. Wow, I thought… this is great. OK, I was wrong.

Halfway through the journey, the conductor shows up to take our tickets. We hand them over. He frowns. No no, he says… not 1st class. Huh? Oh crap… we’re sitting in 1st class. Oops. Sorry, we say… we will move right away. No no, he says, wagging his finger at us… you pay. Oh… yeah, ok, we will pay. Ironic, I think… all that fighting for nothing; here we are. I’m prepared to pay the “upgrade”, except now they’re both arguing and she’s getting upset and eventually explains to me that no, we can’t just upgrade the tickets… we’re being fined. She’s crying, I’m yelling, and he’s telling us police will be meeting us at the other end if we refuse to pay the fine, on the spot. The fine was $40 each, which took our entire budget for the day. I’d been trying to figure out how we were going to eat, catch a chamber-music concert at some church, and go for a gondola ride with the budget we’d had. The problem was solved… we did none of that… just wandered the streets (and bridges) of Venice till we could walk no more. At least there was less dogshit to contend with.

Yes… this has little to do with anything; blame it on Dr. Henry and her lack of releasing numbers on Sundays. I will correct the numbers tomorrow, as usual, and hopefully have something more relevant to convey… but it seems to be a “flat-or-better” sort of day.

But for now, that’s it; the weather looks good… maybe go outside and take your dog for a walk. And pick-up after it.

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By Horatio Kemeny|2020-10-08T01:23:08-07:00May 31st, 2020|Categories: COVID-19 Daily Report, The First 100 Days, Life in Vancouver, Travel Stories, Sports & Gaming, Philosophy, Art & Literature|Tags: Remember, Relevant, Dr Bonnie Henry, Question, COVID-19, Cars, Idea, France, Imagine, Italy, Numbers, Money, American, Mind|17 Comments

Day 71 – May 26, 2020

There’s an interesting footnote about that Spanish Flu pandemic of 1918… which is the age distribution of deaths. For COVID-19, the median age of mortality is… well, it’s high. Depending where you look, it’s almost always north of 80. The younger you are, the better your chances… all the way down to zero, where except in extremely rare cases, often associated with other contributing factors, pretty-much anyone under the age of 20 looks safe from developing any serious symptoms.

A lesser-discussed pandemic is the Russian flu, which ran over a period of 4 years, peaking around 1890… and ultimately killing more than a million people worldwide. Its mortality profile is similar to COVID-19 in that it was far more dangerous for the elderly. But also, a big difference… is that it also killed a lot of very young people. The mortality rate for ages 0 to 10 was similar to those somewhere in the 40-60 range. The 10-30 age range was the least affected… and those over 70 were more than 20x likelier to die than that 10-30 group.

The 1918 pandemic hit the young people the hardest, a puzzling question that’s still being discussed, and there are very different ways of approaching it. The worst age to be for that pandemic was 28 — that was the highest-mortality age group. One common thought is that those who survived the 1890 pandemic built immunity, and were far less affected in 1918. But another interesting analysis starts with some simple math… 1918-28 = 1890. Indeed, those who survived the 1890 pandemic as infants… whether just born or perhaps still in utero — they were the ones hardest hit 28 years later.

To further confuse the issue, while it’s established that 1918 was without a doubt influenza (H1N1), there are some theories that 1890 wasn’t actually a flu, but a coronavirus… which obviously means that the theory of acquired immunity for older people can’t be correct, and that perhaps some drastic effect on the immune system of infants took place during a critical time of development.

Such are the sorts of things I learn when I fall into the Google spiral of doom… setting out to research something, and winding up very far away… and you all know how that can go… even here on Facebook, you log in to just send a quick message to a friend, and 20 minutes later you’re looking at wedding pictures of people you’ve never heard of.

What I started with today has to do with headlines like this:

“Coronavirus cluster linked to pool party” (Arkansas)
“Several members of a Franklin church test positive for COVID-19” (North Carolina)
“A second hairstylist potentially exposed 56 clients to COVID-19” (Missouri)

When I started writing this today, the American death count was below 100,000. As I prepare to hit [Post], it’s now over…

Some American states violently threw the doors open at the start of May — so now we’re seeing not just the initial effects, but the secondary ones as well. With an incubation period of 5 to 14 days, we’re perhaps even seeing the beginnings of a third. So how does it look… well, in 17 states, the numbers of new cases are trending upwards… among them Arkansas, North Carolina & Missouri. And Georgia. And Alabama. It’s really not a big surprise to see where things aren’t headed in the right direction. And there’s no reason to single out the U.S. — we’ve all seen those pictures from that park in Toronto a few days ago. I went for a great bike ride today, and my usual ride would have taken me down the Arbutus corridor, down to the water, and around the seawall… with a lap of Stanley Park if time (and regulations) permit. But I avoided all that, because I didn’t want to be anywhere near the sort of crowd I imagined I’d find.

The vast majority of people whose behaviour really makes you wonder… are younger. Because, you know, they’re invincible. And I don’t mean to single out an entire generation or two as irresponsible; it’s just what I happen to observe around me.

And when you think about it, I’m double their age and even I can’t really say I’ve suffered through any global health crisis that’s affected me. I’m old enough that certain vaccines didn’t exist when I was a kid, so I, along with most of my peers, suffered through chicken pox. The MMR vaccine showed up a few years after I was born, which means I missed the ideal window to have gotten vaccinated. I did, of course, as soon as it made sense… but anyone younger than me… they’ve largely been immune from birth… to diseases which, not that long ago, would’ve been affecting — and possibly claiming the lives of — friends all around them.

“The risks are for the history books and life is meant to be lived and we’re not really at risk, etc etc.”

It’s not a great attitude, in general… and it applies to everyone who thinks for some reason we’ve made it free and clear to the other side. We haven’t, yet. Opening up doesn’t mean throwing caution into the wind.

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By Horatio Kemeny|2020-10-08T01:23:10-07:00May 26th, 2020|Categories: COVID-19 Daily Report, The First 100 Days, Science of COVID-19, Life in Vancouver, Philosophy, Art & Literature|Tags: Vaccine, Pandemic, Stanley Park, Spain, Research, Cars, Mortality rate, Russia, Influenza, Numbers, American, COVID-19, Deaths, Question|0 Comments

Day 62 – May 17, 2020

Queueing Theory is a fascinating branch of math that deals with the science behind… queues, as in line-ups. First of all, let’s take a moment to admire that word… queueing… how often do you see a word with five vowels in a row?

When it comes to line-ups, there’s more to it than you might think. The variables used in analyzing queues involve things like how often do new people show up to join the queue? How often is the person at the front getting pulled out of it? How long does it take to process and then get rid of that person? How long is too long? …because arriving people may see a long line and just say forget it.

The red velvet rope that delineates where to stand plays an important psychological role. If you arrive, and the queue extends past the end of the rope, you might think the line is too long, and bail….but if there’s lots of room and the rope extends way back… well — it can’t be too bad, right? Straight line vs snaking line? Should you be able to see the whole line, or should some of it be hidden?

Nightclubs play a balancing act… perhaps you’ve been to clubs where you wait outside a while, finally go in, and the place is half-empty. They make you stand in line to appear busy… to attract others to come…but, of course, if the line is too long, you may be dissuaded to wait… it’s a fine… line.

Some of it is fancy math, and some of it is just social engineering, but fundamentally, there are right and wrong ways to do queues. Like, what’s better… 6 independent line-ups for individual bank tellers, or one central line-up that sends the person at the front to the next open window? That one is a no-brainer… pretty-much everywhere that can support the latter has switched to that model. It’s not necessarily better for an individual who might luckily pick the fastest line, but it’s the fairest… and from a psychological point of view, that keeps everyone happy because it’s balanced. It’s very aggravating to be standing in a slow-moving line while everyone else is moving around you. And if you picked that line, part of you is thinking you “lost”.

I think about that whenever I’m stuck in a bank line-up… that this is the best way to do it, and it could be a lot worse. How much worse? Allow me to describe what’s possibly the worst way to do it…

In Copiapó, back in the day, here’s how it worked… one day, I was told to run to the bank… here are some papers, some forms… just go there and hand them over; they’ll know what to do. And go now, and hurry, it’s 11:45. Doesn’t the bank close at 4? Yes, but you need to be there before noon — go!! So off I went to the bank, a couple of blocks away.

There were four tellers open, and each with a few people waiting, each with its own line-up. I joined one with 2 people ahead of me… like, who knows, right? Go with the shortest line, of course. But as I’m standing there waiting, time is ticking and ticking… and the people around me all seem to be getting more and more agitated. Grumblings of “what’s going on” and “hurry up” and so on. Whatever, I’m up next, but as soon as the person ahead of me is done and leaving, the teller pulls up a “closed” sign. In fact, all 4 tellers do it at the same time. It’s exactly noon, and it’s lunch time. Much groaning from the people all around me… but nobody moved, so neither did I. And I watched, as she pulled out a paper bag. From it, a sandwich, an apple, an orange Fanta and a paperback. And I stood there, for exactly 30 minutes, watching her and her co-workers have their lunch, simultaneously. She ate her sandwich, she ate her apple, she drank her Fanta. During that, she read her book as if there weren’t a crowd of people, me at the front of it, staring at her during the entire time. And at exactly 12:30, she put all that way, removed the sign and it was back to business. My thought at the time hasn’t changed: there can’t possibly be a worse way to have organized this.

Most places that can afford the space have moved to the “single lineup feeding into multiple spots” model. In that model, it’s best to leave the decision-making to the very last minute… everyone is in the same queue, and as soon as a spot opens up, the next person, which by definition is the person who’s been waiting the longest, gets it. Sometimes, that decision point has to be made earlier, and that tends to unbalance things. For example, airport security… you’ll often be thrown into a single long line, at the end of which some person will look around for what looks more open, and send you to that security screening area (one of 6, let’s say) which will already have its own line-up. Depending on many things, you may end up 10 minutes ahead or behind the person that was next to you.

Line-ups have been around forever, but different cultures treat them with varying degrees of respect. And in some cultures…

Yeah, speaking of airports and speaking of Chile… when you fly down to South America from Vancouver, you have two choices… go through the U.S., or don’t. Which means either flying through L.A. or Dallas…. or flying through Toronto. From a hassle point of view, a no brainer. Avoid the U.S. and TSA and security line-ups and all of that. But there’s one part of the trip that you have to see to believe.

We’re all used to respecting queues, like when boarding a plane… Zone 1, Zone 2, etc. We all get into that little set of chutes and wait for our turn. But if you’re in Toronto, flying down to Santiago, Buenos Aires or Rio…. all bets are off. There is no semblance of respecting any sort of queue. It is an angry mob that’s standing, jammed and jostling, for an hour before boarding. Forget the children and families first, forget the elite status business class VIP whatever. None of it matters. But one thing those Latin American cultures do respect is the elderly… so what you will see in front of the mob are wheelchairs. One or two? No… try 30, most of them with surprisingly mobile people once it’s time to board… oh, don’t worry, they say as they miraculously rise from their front-of-the-line chair, I can take it from here. I’ve asked the gate agents about all of this, and it’s very simple, especially since it’s a late-night flight and they just want to get home: “We don’t even bother anymore”.

One thing we’ve all gotten used to these days is finding queues where we never had them… especially grocery stores. Queues that tell you where you can stand, and where you can’t. Big Xs on the ground and arrows to point you in the right direction. A visit to many groceries these days is a moving, one-way queue — first in, first out, no going back. It’s evident to me, that in some cases, not a lot of thought went into it initially, and that’s fair. Everyone is trying to figure things out as they go along, and most people don’t have an arsenal of queuing-theory formulas at their disposal. Even before all of this, the supply/demand for cashiers at Safeway wasn’t dictated by some supercomputer. The cashiers themselves see things suddenly getting busy and just page someone to come help. And when things get slow, that person disappears to the back. That “busy-ness” has now moved to the outside of the store, which in many ways is a better place for it.

Ultimately, that’s the way we’re all doing it these days; just go with what works, and course-correct it as needed. And for what it’s worth, as time has gone on, certain things seem to have improved… as you’d expect. People have realized when it’s “good” to go, which self-balances things. People have realized if they can make their shopping trip efficient, it helps a lot. No aimless wandering up and down aisles… plan ahead, know what’s where, and do it all at once. Far less time wasted. There are now many things in place that didn’t exist until recently, and will likely stick around when things are back to normal… just one more thin, silver lining to the big cloud of the day: this pandemic is making parts of our society much more efficient.

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By Horatio Kemeny|2020-10-08T01:24:23-07:00May 17th, 2020|Categories: COVID-19 Daily Report, The First 100 Days, Business & Economics, Science of COVID-19, Life in Vancouver, Travel Stories, Space & Astronomy, Philosophy, Art & Literature|Tags: South, Math, Science, Space, Pandemic, Business, Vancouver, American, Fact, Respect|0 Comments

Day 59 – May 14, 2020

Thinking about my time in Northern Chile, in Copiapó, a few decades ago… led me to realize how much of that experience has aspects relatable to a lot of what’s going on these days… around here and around the world. Here’s an interesting sociological observation…

Back then, there wasn’t much to do except work. With no TV and only one radio station, it felt very much cut-off from the rest of the world. There was exactly one magazine kiosk that got anything in English, and everything was always, at best, a couple of days behind. But a 2-day-old New York Times was better than nothing, and I’d read every word of it. Most days looked like this: You’d be up early, get to work… work until lunch… which could turn into a 3-hour break if you threw errands and a siesta in there… and then back to work, till about 7pm. Then an hour or two of socializing, and then dinner… then sleep, and back to it next day.

It was about an 8-hour work day… 8:30am to 1pm, 3:30pm to 7pm… and the socializing to which I refer was often not more than wandering the streets and running into people and chatting. A feature of every single city, town, village in Latin America is what’s called the “Plaza de Armas” — a central plaza, usually located near the heart. Any place that has at least two sets of parallel roads will have the middle of that tic-tac-toe, and that is the de-facto Plaza de Armas. Often, it’s much bigger… 2 or 3 sets of streets ending at the square from all sides. A 3×3 block of grass, trees, paths, benches, statues. And the hub of outdoor social activity.

I lived a block away from the Plaza, so I was there often… and it was great. Lots of people milling around, kids kicking soccer balls around. It was also a commercial area… some artisans selling their work, and the permiter around the plaza on all sides — that was the “downtown”, if that’s the right word… populated with government offices, businesses of all sorts; the typical eclectic collection of one-off mom-and-pop shops, including two thirds of the entire town’s restaurants.

But right around that time is when things began to change.

Some Latin-American satellite TV company began offering service in Santiago… and quickly, people were asking… if Santiago can get satellite TV, surely it must be possible in Copiapó, which is actually 800km closer to the equator… right? Of course, and don’t call me Shirley.

It was a big deal when the TVs showed up. A handful of people got them, and crowds would gather in the street to peer through these peoples’ living room windows to check it out… and those windows to the world offered a very impressive view. For example, recall a show called Miami Vice… two cool cops, Ferraris, fast women, alligators, flamingos, everything in pastel shades of pink and blue… wet streets, slicked-back hair. The whole package was pretty impactful around here; imagine how it looked to people who’d never neither seen nor imagined any of that. And the commercials. Sensory overload. And an emerging attitude and understanding that the world has a lot more to offer, and why can’t we here have all that… stuff.

And then one day, a SuperStore/Costco sort of place showed up. They bought up a huge parcel of land and built a warehouse-sized shopping experience, with aisles and tall shelves. Very quickly, that became the Plaza de Armas; that’s where you’d go to socialize and be seen. And, of course, you can’t go to a shopping destination without at least the illusion of shopping, and that’s what it was… people walking up and down the aisles, filling their monster-sized shopping carts with crap they didn’t need, and in many cases, probably didn’t understand… all while running into other people. You’d hear snippets of conversation like, “Oh hey Pablo! You’re here too, yeah awesome, hey check this thing out, it’s a carbon-monoxide fire flood detector emergency light, cool eh, yeah, ok nice seeing you”.

Pablo didn’t need that device, nor pretty-much anything else in that basket. Pablo was a labourer, his wife was a housewife, and they lived in a modest home… and could never afford any of that stuff. So after an hour of socializing and filling the cart, when it was time to go home for dinner… Pablo and his wife, where-and-when no one was looking, would just ditch the cart and go home. And from there emerged a job that I don’t believe exists in many places: the “restock-the-shelves-from-abandoned-carts” gig, popular only in cultures where something so jarring is imposed, that it actually shifts the underlying fabric of society.

Once the cat was out of the bag, that society changed, and never looked back… and it could be argued, not for the better. Not for the better because it didn’t happen organically. It didn’t slowly grow to that; it was self-imposed, and it was weird… and some things that used to exist in the past, to a great extent, vanished. But also, arguably, for the better. A consolidated place to shop, a bit of free-market capitalism to keep prices fair. Progress, change, sometimes not evil, sometimes necessary, sometimes good.

I’ve spoken before about the radical lifestyle changes we’re all getting used to… and will quickly point out the obvious; today’s changes are not by choice. We’re not copying the behaviour that some other culture 30 years ahead of us is providing us as an example that we may wish to emulate. This has all been jammed down our throats. If we could snap our fingers and Restore to our Saved Game from 6 months ago, we all would.

I think it’s an important thing to keep in mind; to some extent, this current new-normal will provide some great insight for when things are ready to go back to the old normal. We’ll have the luxury of going back to our old ways, with the insight gained by having imposed upon us a whole new set of ways of doing things. I’m optimistic about the emergence back to the “new” old-normal… because it’ll ideally encapsulate the best of both worlds.

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By Horatio Kemeny|2020-10-08T01:24:25-07:00May 14th, 2020|Categories: COVID-19 Daily Report, The First 100 Days, Politics, Business & Economics, Travel Stories, Sports & Gaming, Philosophy, Art & Literature|Tags: Imagine, Game, Chile, NYC, American, Government, Mind, Work|8 Comments

Day 56 – May 11, 2020

William Henry Harrison was elected to the presidency of The United States of America in 1840, as only the 9th president of that young nation. Indeed, right around the time he was born, George Washington was giving his first State of the Union address. His running mate, John Tyler, was elected vice-president. But this posting has little to do with the presidency of Harrison, because he didn’t do much, and died a month into his term, leading to his VP’s ascension to the throne.

John Tyler (1790-1862) was sworn in as the 10th president, and served in that capacity from 1841 until the next election, where he was soundly defeated, making him the longest-serving president who was never actually elected.

Tyler may not have made a great president, but he did make a lot of children… 15 of them. He was 63 years old when one of them, Lyon Gardiner Tyler (1853-1935), was born.

Lyon Gardner wasn’t quite as good as his dad at fathering lots of children, but he did ok, having 6 of his own. And he was certainly good at having them at an older age. One of them, Lyon Gardiner Tyler Junior, was born in 1924, when Senior was 71. And another, Harrison Ruffin Tyler (we can only assume after whom he was named) was born in 1928, when daddy was 75.

These Tylers clearly come from good stock… but it’s still mind-boggling to realize that since those latter two are still alive, John Tyler, born in 1790, has two living grandsons. Three generations that span the entire existence of the country.

That was perhaps the best example I could find of just how “new” the U.S. is. It’s arguably three generations old. From a Canadian point of view, someone born at the time of confederation (1867) could easily have a child that’s still alive today. Two generations.

There’s a rich history between these two young countries, who at times have been mortal enemies. In fact, it was a war that started both… and depending with which side of history you want to associate, you could say, as an American, that you “won” — and those defeated British, who went on to retreat to what ultimately became Canada, “lost”. If it means so much to call it that, by all means — take your victory. And of course it should be noted that both sides of the war were being fought by people who had much more in common with each other than the indigenous people, whose land it actually was.

The two countries weren’t done squabbling quite yet. The war of 1812, which technically was between the U.S. and the U.K. was really more Canada vs. America. We burned down the Capitol and White House in that one.

It’s not fair to summarize a complex war — that went on for years — in one paragraph, but the summary is that it was probably a sort of stalemate, which of course, in North America, means both sides thought they won. Or at least claimed they did. There is no overtime or shootout or sudden-death to an entire war, but by the time the Treaty of Ghent was signed, both sides simply had had enough. Nobody had any fight left in them, so that was that.

The fighting didn’t end there, as far as America was concerned because of course, the civil war came along… more similar people just fighting each other over ideology. The soon-to-be Canadians fought in that war too, on both sides — but the vast majority with the anti-slavery Union soldiers, who eventually defeated the Confederate states. Interesting little factoids… the soldier who organized the detachment of Union solders that captured and killed Lincoln-assassin John Wilkes Booth — was Canadian. And the composer of “O Canada” was a French-Canadian Union soldier.

By the time the two World Wars rolled around, the countries were strong allies, and have been ever since. The world’s longest undefended border. Each other’s largest trading partners, till recently.

But as young nations grow — and by any measure, these are still mere children in the sea of adult countries from around the world that have existed for many centuries or millennia — personalties begin to develop, and whatever the older generations may have had in common… well, things change. It’s sometimes hard to gauge whether you’re dealing with the attitude of an entire country, or just a vocal minority, or just its leaders… especially when the messages are so mixed. For two countries that are really pretty similar when you compare populations with anywhere else… we sure seem to be on different paths these days. Americans really like to stick to their guns… in every sense of that statement. The vast and conflicting confusion that’s becoming evident is worrisome to say the least. A cohesive plan is by no means guaranteed to succeed, but a confused, mismanaged one is doomed to fail. It seems like a lot of state governments aren’t listening to the feds. It looks like a lot of municipal governments aren’t listening to the state. It looks like a lot of people aren’t listening to any of those three, and just doing what they want — or cherry-picking what works for them, and hoping for the best.

I’ll end this with my usual profound gratitude that I was on the “losing” side of a War of Independence… and as much noise is being made about how poorly Canada is handling this at a federal level (it’s not a lot of noise, and it’s not really true) — or how the government here, whether provincially or municipally, could be doing so much better, because jobs economy lockdown jobs money jobs economy — yeah, we get it, we are all suffering. We’re also all surviving, and are far more likely to with an infrastructure that can handle it. I’ll take Canadian-handling criticism all day long. If what we’re doing is some version of failure, some version of “losing” — like the British or Canadians from wars of the distant past — I’ll take it.

Some numbers… the U.S. counted its 80,000th death over the weekend. Canada is under 5,000. That’s deaths per million of 247 vs. 132. And today was the third straight day of declining new-case numbers in Canada.

Bring on the phased re-openings… with all things continuing as they are, that’ll be just after the upcoming long weekend.

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By Horatio Kemeny|2020-10-08T01:24:26-07:00May 11th, 2020|Categories: COVID-19 Daily Report, The First 100 Days, Politics, Business & Economics, Philosophy, Art & Literature|Tags: Country, Government, Dr Bonnie Henry, Fact, France, Mind, Canada, United Kingdom, President, Economy, Numbers, United States, American, Money, Deaths|5 Comments

Day 55 – May 10, 2020

As it’s Sunday, no B.C. numbers today… so I’ll throw in my usual guess, which today is just the same as yesterday’s +15, and we’ll leave it at that… and hopefully that’s pretty accurate (we’ll know tomorrow) because it’d imply another good day all across the country. Speaking of good days, Happy Mother’s Day to all the mom’s out there… I hope those who are celebrating in person have found a safe and socially-responsible way to do so. The weather is certainly cooperating… outside is good, for many reasons. Just stay away from others and it’ll be more than fine. You know the drill.

Mother’s Day every year marks the point in the NHL playoffs where fans around here are trying to figure out who to cheer for now, because if the Canucks made the playoffs, they’ve probably been recently eliminated. There’s a reasonable chance they could’ve gone a little deeper this year, but we’ll never know what this season and post-season would have looked like, were it not so rudely interrupted. We can only speculate.

Speaking of hockey and speculation… back in the day, when Wayne Gretzky dominated the NHL, it became a bit of an issue what to do with him in hockey pools… the pools where you draft players and then accumulate points as the players on your team accumulate goals and assists throughout the season. Fantasy sports leagues do this on a whole new level, where you have to decide who on your roster you’ll “dress” for tonight’s game, because you can’t play your full team of 22 players. Rest assured, in today’s world, the guy who got to draft Gretzky would dress him 100% of the time. In fact, Gretzky was a bit of a hockey-pool one-man wrecking machine, because whoever got him usually ended up winning everything. To prevent that, one possibility was to break Gretzky’s goals and Gretzky’s assists into two, as if he were two separate players, and then someone could draft one or the other. But even there, his assists alone were dominant. Or, of course, nobody got the opportunity to draft Gretzky, and that kept things even.

That was a good example of the tail wagging the dog, a good metaphor where one little statistically-significant aspect of something can have a profound and obfuscating effect on everything else. And, as mentioned, one option is to remove it entirely,… but then things look a whole lot different.

Today’s example of the tail wagging the dog involves a pair of U.S. states, New York and New Jersey, very much the hotspot of this outbreak in the U.S. Let’s call that area NYJ for simplicity.

NYJ has a population of 28.4M out of the American total of 331M which is around 8.6%. But out of the American total test case count of almost 1.4M, they have 35.6% of them. And 44.7% of the more than 80,000 deaths. Not just the hotspot, but now very much the epicentre, which was not always the case.

What’s interesting, and good for NYJ, is that they’ve managed to get things far more in control than was the case not so long ago. The individual numbers there are flattening and trending well. Who knows what that will look like after seeing the crowds in Central Park, but at least they’ve contained things to a manageable level… and, in doing so, made the U.S. numbers in general look a lot better… and consequently, created a lot of false optimism.

The Federal recommendation for re-opening involves declining case rates over a period of 14 days. This does not mean 14 straight days of succeedingly-declining numbers. It simply means a 14-day period after which the number of active cases is simply lower, ie recoveries (plus deaths, I suppose) have out-paced new cases. At present, numerous states are in varying stages of re-opening. At present, the number of states who meet that 14-day criteria is… zero. Nevertheless, openings with reckless abandon. Because that’s Freedom.

Perhaps a better spelling of that word these days, in some places, would be “Free-dumb”. Somehow, freedom and the constitution and liberty and guns all get wrapped up in the same, confused package. There’s the word for it.

Indeed, more than 200 years ago, American founding father Patrick Henry proclaimed “Give me liberty or give me death!”

It seems some Americans, not happy with having to make a choice, and perhaps a little greedily — both from inward-facing and public-facing points-of-view — have found a way to obtain both.

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By Horatio Kemeny|2020-10-08T01:24:26-07:00May 10th, 2020|Categories: COVID-19 Daily Report, The First 100 Days, Life in Vancouver, Sports & Gaming, Philosophy, Art & Literature|Tags: British Columbia, American, Deaths, Country, Hope, Game, Fact, NYC, Population, Dr Bonnie Henry, Cars, Numbers|4 Comments

Mr Mercer – Day 52 – May 7, 2020

There is a Canadian alternative rock band from Tsawwassen called 54-40, named after the longitudinal line of 54’40°… where in the 1840s, U.S. President James Polk wanted the border. That whole dispute is a long story on its own, but suffice it to say, “we” won — otherwise, places like Prince Rupert, Terrace, Prince George… and everything south of that — would be American territory. A tiny part — the southern tip of the Alaska Panhandle — is all that’s left of that line.

That 54’40° line is very far north of Tsawwassen, but just south, literally bordering it, is the 49th parallel, the agreed-upon resolution to the aforementioned dispute. Another long story, but the short of it was that west of somewhere, the 49th parallel would define the Canada/U.S. border. It was a lengthy back-and-forth, and pretty-much the last thing settled was the exception of the southern tip of Vancouver Island. Before that, the border sliced right across it, but that didn’t make a lot of sense, and it was the final concession granted. But nobody noticed till after, the tiny (less than 5 square miles) little peninsula that’d been chopped off and isolated… and when they did, they just decided to leave it for another day. Probably the U.S. would just cede it back to Canada, and that would be that, right? Wrong.

And that is why there is a tiny U.S. enclave, completely landlocked by Canada. It has an official border crossing, and while its residents are officially living in the U.S., it’s Canadians who make up the vast majority of visitors, to buy cheap gas and access “Suites” (really, just P.O. Boxes) to take delivery of items that won’t ship to Canada, but will to the U.S. Ironic, of course, is that all of those goods must go through Canada to get there.

Way back when, that border crossing was little more than a formality. Those 54-40 guys rode their bikes in and out of there and barely waved at the border guard. You could go down to the beach, draw a line in the sand, and jump back and forth between countries. Before 9/11, you didn’t need a passport. And while technically, you’re supposed to declare everything you buy down there, apart from liquor and cigarettes, nobody cares. But, on that note, funny story.

At some point in the late 80s, I was flying down to Chile to visit family. My uncle and aunt who lived down there smoked a very unique brand of smokes that was only available in the U.S., so he asked me to bring him “as many as you can”. I told him that it would be way over the limit and the duty on it would be ridiculous, but he said not to worry about it. He’d pay me back everything. And furthermore, if I did it right, I could get those duty payments back when I left the country with the cigarettes.

So a couple of days before my flight, I headed down to Pt. Roberts, went to that one big gas station/store and picked up all of the “Now” brand menthol cigarettes they had. Seven cartons (not packs — cartons) — so 70 packs of cigarettes. I think 1,400 cigarettes is probably over the “out of the country for 20 minutes” limit, but I had no intention of smuggling them — I was going to be paid back, whatever it was.

The look on the guy’s face was pretty good though… anything to declare? Yeah, cigarettes. How many? Seven cartons. That got him to sit up straight. He made me pull over and get out. He looked at my backseat, packed with cartons. He looked at the receipt. He told me to come inside. So I went into his tiny hut. There was a hockey game playing in the background, on a postage-stamp-sized black & white TV. His first question was, “What are you doing?”

I explained the whole thing to him, how I’m happy to pay the duty, how all of those cartons would be leaving the country in 48 hours, how I don’t mind paying, but I want to make sure I can get that money back. Yes… he said, that’s all correct. OK.

He pulled out a huge stack of paper. He let out a big sigh. On TV, Tony Tanti scored a goal. He picked up the pen, put it down, looked me straight in the eye and asked, “Do you promise me you’re taking all of these out of the country?” “Yes!” “Ok, get out out of here”.

Apart from the technicality of it being part of the U.S., it may as be Canada. This friendly American enclave is a great place to “live” in Canada but still “live” in the U.S., if you know what I mean. For residency purposes, many Canucks and Grizzlies have lived there.

Back in grade 10, a new band teacher showed up — Mr. Mercer — fun, jolly American guy, who lived in Point Roberts, worked in Vancouver, and proudly announced how he paid taxes in neither. Music was a big part of my life, so I spent a lot of time in the band room, and was having lunch there one day with some friends when a couple of guys in dark suits showed up looking for Mr. Mercer. I guess they eventually found him, because he was never seen nor heard from again. Staff wouldn’t talk about it, except to say he’d had some legal issues and wouldn’t be back. Nice guy — I hope the Club Fed he was thrown into wasn’t too bad. And as an interesting coincidence, to loop things around, a few of those school bands I played in was alongside a guy called Dave Genn… who in 2003 joined 54-40 and has been their lead guitarist ever since.

And speaking of looping things around… way back in the day, we used to go down to Pt. Roberts to a place called The Breakers… it was a happening place in the early 90s — always a fun experience. I was usually the designated driver for such outings, but on this particular night, I’d had a bit too much… so someone else took the wheel. We all piled into the rickety VW van for the trip home, being loud and obnoxious as you might imagine, but as always, getting quiet at the border. We drove up to the border crossing little hut, that night inhabited by a tired-looking near-the-end-of-his-career border guard. The old guy stuck his head in the window and looked back at us, all staring at him.

“You boys been drinking?”, he asked.

“Well — they have, but I haven’t”, replied our driver, pointing his thumb back at us.

“OK, off you go, drive safe.”

And that was that… back to whooping and hollering… but suddenly (queue the Twilight Zone music), things didn’t look right. It’s a straight line from the border to highway 17, cutting straight through Tsawwassen, but that’s not where we were. We were on some winding road in the middle of a forest. What just happened?

We’re all screaming “You idiot!” “Turn around” “What are you doing?” “Where are we?” — but on we go… and suddenly… more Twilight Zone music… up ahead is the same border crossing we’d just crossed 10 minutes earlier. Don’t ask me. I mean, obviously, he’d somehow turned left, then left again, and entered Point Roberts through some back road… and we’d looped back and… here we were.

Now we were terrified. “Stop!” “Don’t stop!” “Pull over!” “Don’t pull over, that looks suspicious!”. Well, we drove straight up to the same little hut, same old guy. And he stuck his head in the window and looked back at our petrified faces.

“You boys been drinking?”, he asked, with the exact same tone as before.

“Well — they have, but I haven’t”, replied our driver, giving the same thumb gesture as before.

“OK, off you go, drive safe.”

The rest of the (careful) ride home was silent.

What’s the deal with Point Roberts these days? Is that border all locked up like the rest of the 49th? There’s no hospital or pharmacy down there, and American citizens are not allowed into Canada except when it’s essential. I couldn’t find much about it, but I have to assume a medical emergency would count as essential. Unless you’re symptomatic, then what? I hope the have it figured out. Especially since 99% of the money spent in Pt. Roberts comes from Canada, and that’s dropped to near zero for now.

Point Roberts is part of Washington State, and there’s not much bad to say about Governor Jay Inslee’s handling of this difficult situation. President Trump told him, “You’re on your own”, and they’re rolling with it. I hope that includes a plan for Point Roberts.

Yes, it occurs to me there’s not much tie-in here with our present pandemic except this: this whole topic of Pt. Roberts came up because of the wonky Detroit/Windsor border, and how different Ontario and Michigan are in handling things. I’ll once again go on the record to state my appreciation for our local neighbours to the south. We, here, have a lot more in common with our American counterparts than they do over in Ontario, something that will become more and more relevant as things open up. B.C. and Washington are in agreement on most things, and on the same page about how phased re-openings should look. Works for me. And them.

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By Horatio Kemeny|2021-07-06T16:49:23-07:00May 7th, 2020|Categories: COVID-19 Daily Report, The First 100 Days, Follower Favourites, Politics, Business & Economics, Life in Vancouver, Travel Stories, Humour, Sports & Gaming, Philosophy, Art & Literature|Tags: Game, Question, Canada, Cars, President, Ontario, American, South, British Columbia, Country, Imagine, Money, Hope, Pandemic, Mind, Vancouver, School, Chile, Trump, Relevant|14 Comments

Day 47 – May 2, 2020

The first Saturday in May… The Most Exciting Two Minutes in Sport… The Run for the Roses… even if you know nothing whatsoever about horse racing, you’ve heard of it. And if you’ve ever been flipping channels on some random first Saturday in May and stumbled upon it on NBC, perhaps you stopped and took it all in. The Kentucky Derby — up to 20 horses, all of them among the best 3-year-olds in the world.

Since 1875, every single year… through two world wars, through the great depression… without interruption… until today.

The pomp, the pageantry, the intrigue, the expectations, the finely-tailored suits, the elegant dresses, the big fancy hats, the mint juleps, the magnificent horses, the colourful jockeys, the call to the post, the singing of “My Own Kentucky Home”, the post parade and… of course… the race itself. For the first time since… ever… Churchill Downs is empty today. Louisville, Kentucky, home of the derby (and Muhammad Ali and KFC) is a relative ghost town. All of it postponed until the first Saturday… in September.

NBC, who has held the broadcasting rights to the race since 2001 and who blocked-off the usual 3 hours of coverage, managed to fill it with some excellent content… jumping between past and present day. The only word to describe the opening shots… haunting. The show opened to several pans of Churchill Downs, completely empty. Not a soul in sight. If you’d told me 6 months ago that that’s what we’d be looking at, I’m not sure I could’ve come up with a scenario to explain it, short of World War III — but even then, the previous two didn’t stop it.

There were lots of present-day isolated interviews, a re-run of the 2015 Kentucky Derby, and all of the storylines leading up to its winner (and eventual Triple Crown winner) American Pharoah. And then, the coolest part of it, especially being a tech-guy… they ran a simulated race with the best 13 of the historical winners — all 13 triple-crown winners battling each other. Their lifetime past-performances, meticulously and professionally put together by the folks at The Daily Racing Form, thrown into a simulation and rendered beautifully. I must admit, it was exciting to watch.

Secretariat won this virtual race, really to nobody’s surprise. He was voted “Horse of the Century” for a reason and, again — if you know nothing about horse racing, at least go to YouTube and pull up his Belmont Stakes win in 1973 — that’s all you need to see.

Secretariat was the betting favourite in all but one race he ever ran, and he was the betting favourite today. And… interesting stat, if you look at any racetrack in the world, from any period of time… the rate at which favourites win is remarkably consistent… between 32% and
36%.

An interesting thing about that… odds are not set by a bookie; they’re set by you and me. These days, odds in racing fluctuate as people bet on different horses, and so the horse on which most money is bet… is the favourite. That means, roughly one third of the time, the crowd consensus is right. Which means the majority of the time, like 2 out of 3 times, everyone is wrong. Not totally wrong, because, after all, it’s a horse race, and anything can happen.

Which really summarizes where we all are today. Nobody is at Churchill Downs sipping mint juleps (the provider of mint to the track is stuck with two tons of it). Nobody is anywhere, really… but we’re slowly emerging. So let’s pretend we’re all racehorses, all of us with our individual styles, all of us trying to win. Some of us like to sprint to the front and hope we hang on. Some of us like to sit mid-pack and make a late move. Some of us like to sit far back, let everyone else get tired, and then take a huge run at the end.

There are a few issues that can arise. Like if you are the type that likes to run out in front of everyone, but you had a bad start and after a few steps, everyone is ahead of you. Or you like to come from way behind, but nobody is running that fast and nobody is getting tired enough for you to have a chance to make up ground. Or you’re sitting happily in the middle of the pack, but unfortunately can’t find any room to make a move when it’s time because you’re blocked on all sides, by the rail or other horses. It was a great plan… but now it’s time to course-correct.

Some of us want to sprint back to work, or at least want others to do so. Some of us want to hang back until we feel we’re comfortable making a move. Some of us will just go with the pack and see where it takes us. And some of us, like two thirds of us, if you stick to this metaphor… will probably wind up going about things differently than we’d planned. And, of course, this is a humungous racetrack that’s thousands of miles all around, with 7 billion horses and staggered starts and a lot of conflicting bets and misaligned interests… so yes, the metaphor falls apart, but the general idea of it is the same… we’re all running in the same direction trying to reach a common goal. The biggest difference is that this race can have lots of winners, not just one… and the strategy that we run with (or is imposed upon us) can make a huge difference. It will make a big difference — all the difference.

Let’s all run an intelligent race, and get to that finish line safely.

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By Horatio Kemeny|2020-10-08T01:24:30-07:00May 2nd, 2020|Categories: COVID-19 Daily Report, The First 100 Days, Sports & Gaming, Philosophy, Art & Literature|Tags: Horse Racing, American, Hope, Work, Idea, Money|16 Comments

Day 44 – April 29, 2020

It’s an interesting thing, this North American attitude… often found in sports. The great American pastime, baseball… there are no ties. The game can go into extra innings, which in turn can end up going on longer than the original game itself. In playoff hockey, same thing… full 20-minute periods until someone scores. Recall the famous Canucks/Stars playoff game that went into a 4th overtime — more OT than the 3 periods that preceded it. And hockey is a good example; there used to be ties in the regular season. And then… no, let’s decide this… they added overtime… and for a while, if the game ended in a tie after overtime, it remained a tie. But that wasn’t good enough… so, shootout. There will never be a tie again. There must be a winner. The most American of all games… the NFL actually allows ties, but there’s OT, with rules that make it almost certain one team will win. The only reason it can’t go on forever is that after more than 4 quarters of football, injuries are far more likely. There’s maybe one tie a year in the NFL; It’s rare, and nobody likes it when it happens. And NBA basketball? They will play overtime forever until there’s a winner.

On the flipside, the most popular sport outside of North America — soccer (fútbol!) — allows ties. What’s the difference in attitude?

I used to think it was attention span. Soccer holds your attention, sometimes for several minutes, between whistles. Hockey, same thing, which is perhaps why it’s not as popular as some of the others (especially in the U.S.). But football, baseball and basketball… endless time between action; time to discuss what just happened. Time to analyze it. Time to replay it, in slow motion, from different angles. That’s what I used to think, but no. What it simply is…. is that we just like to have a winner. After the big battle, a tie is just too unsatisfying.

It’s going to turn out that this virus is not as lethal as we initially thought… but, also…. it’s nowhere near as safe as a common cold or flu. The typical flu kills 0.1% of those it infects. COVID-19 seems to be somewhere between 0.4% and 3.4%. Let’s call it 2% for the moment. That makes it 20 times worse than a common flu. But also, nowhere near as bad as SARS (15% mortality) or Ebola (50% mortality).

The end result, somewhere in the middle, is the worst case scenario for the “I told you so!!!” crowds, because it means everyone can think they were right, and everyone else was wrong. It’s a sort of a tie that nobody likes, and both sides have plenty of ammunition to throw at each other.

In places that evidently haven’t been hit hard (B.C., prime example) the screaming about how we’ve wrecked our economy for nothing. Lockdown/shutdown — why? Look…for 100 dead people, most of them old or unhealthy to begin with? All of this suffering? For what?

On the flipside, places like Northern Italy and Spain and New York, who didn’t or couldn’t do enough to prevent the wave of catastrophic exponential growth in serious cases that led to a complete overwhelming of the medical system. And lots of deaths… multiples of excess deaths over the typical expected numbers.

Let’s look at some real numbers, implied by the general assumptions we think we know about this virus. The chart below shows ranges of age, and next to them, the mortality rate associated to that age group. Next to that, last year’s numbers for Canada’s population, followed by extending that mortality rate to our population. Knowing what we know today, if we were all infected and untreated, 750,000 of us would die, most of those being elderly. 750,000 people out of 37,500,000 = … 2%.

Age Mortality Canada Deaths
80+ 14.80% 1,614,000 238,872
70-79 8.00% 2,870,000 229,600
60-69 3.60% 4,607,000 165,852
50-59 1.30% 5,251,000 68,263
40-49 0.40% 4,817,000 19,268
30-39 0.20% 5,183,000 10,366
20-29 0.20% 5,101,000 10,202
10-19 0.18% 4,145,000 7,461
0-9 0.00% 3,982,000 0

TOTAL 2 .00% 37,570,000 749,884

That would never happen here, yells one side. That’s exactly what would’ve happened, yells the other.

On Friday, we will hear two things from Dr. Henry — one, that we have done our part and should continue to do so, and given what we’ve achieved, here are the first steps in the plan of re-opening our lives. And two, keep at it — an integral part of the new normal, at least until a vaccine shows up, will be maintaining the very things that have led to this success in the first place. That’s the side I’m on… and I’d like to think my side has done so well, that, by now, there’s probably enough hospital capacity to house the covidiots marching and protesting on Beach Ave. I’d like to think a small handful of morons isn’t enough to blow this for all of us… but time will tell.

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By Horatio Kemeny|2020-10-08T01:24:48-07:00April 29th, 2020|Categories: COVID-19 Daily Report, The First 100 Days, Business & Economics, Science of COVID-19, Travel Stories, Sports & Gaming, Philosophy, Art & Literature|Tags: COVID-19, Common Cold, Spain, Numbers, Vaccine, American, Canada, Deaths, British Columbia, Population, Italy, Virus, Economy, Game, Dr Bonnie Henry, Mortality rate, NYC|0 Comments

Day 43 – April 28, 2020

Our local numbers shot up a bit today, but it’s a lot less concerning that in might have been a month ago, because we know exactly where and why this is happening… almost entirely due to known clusters playing themselves out — and play themselves out they do… some clusters have vanished, some care homes are down to zero and, for the most part, we have a really good handle on things. Things are on their way to re-opening.

Let’s also talk about some different numbers today, and what they imply.

In general, people talk about the stock market being up or down. Also, in general, it’s well understood that it’s good when the market is up, and and bad when it’s down. How does that apply to what’s going on these days?

First of all, let’s quickly define what we mean by “the market”. Everyone has heard of “The Dow”, and how it goes up and down.

The Dow (which refers to the Dow Jones Industrial Average — which is important to note, because there are other “less famous” Dow Jones averages) is an index that tracks, in real-time, the stock prices of a variety of big American companies, including Apple, McDonald's, Exxon, Boeing, Pfizer, Nike, Visa,, Walmart and Coca-Cola. That’s a little cross-section of the bigger mix… a variety of big industry. There are 30 companies that comprise the index, and you have heard of all of them. They are industry leaders, and how they’re doing is a reflection on the economy as a whole, at any given moment. On some days, when things are good and everything is way up, and the Dow will reflect that. Or the opposite, of course.

Today is a good day to use as an example, because it’s a mixed bag. Technology stocks (Microsoft, Apple, Google, Facebook) are all down. Financials (JP Morgan, Bank of America, Morgan Stanley, American Express) are all up. Consumer retail shares are a mix (Walmart, Proctor & Gamble are up, Amazon is down). Telecomm is also mixed bag (AT&T is up, T-Mobile is down, Verizon is flat).

Average it all out today, and the Dow is up… a little bit. There are other indexes to look at; the S&P 500 is the next most-commonly known, and it has a broader inclusion of the top 500 listed companies. It’s perhaps the best representation of the market as a whole. It’s also up a little today. Its little cousin, the S&P 100, which lists an arbitrary sample of those 500, is slightly down today.

At any given moment, what defines the price of an individual stock? It’s the equilibrium point where at that exact point in time, someone thinks buying those shares at that price is a good idea… while someone else thinks it’s the right time and price to sell. And these days, that someone is just as likely to be a big, intelligent computer.

Tens of thousands of shares are being traded every second, so when things get quiet (from a broad market price point-of-view), it’s an interesting oasis of calm before the next storm. Like, briefly, for a moment, everyone knows where things are at. Or, think they do…

Imagine you’ve been sitting on a little seesaw in the park, quietly enjoying smooth ups and downs with your friend. Suddenly, instantly, the seesaw grows to 20 metres long… and your friend is replaced by some gigantic bully that seizes his end of the seesaw and starts slamming it up and down, as hard as he can. You hold on for dear life, understanding that jumping off may hurt you more than just hanging on… and you just hope this giant jerk will eventually tire and go away, hopefully leaving you gently on the ground. This is what it’s felt like to be an investor these days.

The all-time high for the Dow was recent… before things came crashing down. On Feb 12th, the Dow closed at 29,551. From there began a bumpy ride that saw it lose 5,000 points over the next couple of weeks, before bouncing back up a bit. Then, in early March, all hell broke loose, and the wild swings of thousand-point gains and losses began, bottoming out at the lowest of lows, hitting 18,214 on March 23rd. And from there, it shot-up to 22,500. It’s presently sitting at 24,100… still well-off the high, but also significantly higher than that bottom. A 20% “off the high” is still alarmingly awful in such a short time, but it’s twice as good as the 40% bottom from a month ago.

Many people are saying it shouldn’t have dropped that far. Many are saying it should have dropped a lot further, and still could. Many are saying there’s no reason it should have recovered this much already. As per above, for everyone who thinks it should be higher, someone else thinks it should be lower. Those two people are presently buying/selling to/from each other, and that’s why it’s exactly where it’s at.

What caused these drastic moves? Unexpected news, rumours, fear… and, of course, real-world disclosures regarding the long-term effects of shutting down significant parts of the economy. And everyone absorbing that information, independently interpreting it and acting accordingly.

When things move that quickly, it rarely has anything to do with fundamentals. Nobody is looking at price:earnings ratios or dividend streams… more like trying to figure out market sentiment and just riding it out till things settle down.

At some point, when it’s fallen that far, a bounce is not just expected, but possibly predicted. The technical traders — those who care nothing about underlying companies but just analyze the numbers themselves… they love to pick resistance points… and identify trends in the market by when prices bounce off a price, or power through it. One of the most famous ones is based on the Golden Ratio — a relationship found all over nature. Flowers, pine cones, sea shells, dolphins, penguins… all have proportions and other fundamental constructs based on it. The magic numbers there are 61.8% and its converse, 38.2%… and whenever a market tanks, the first thing to look for is a “bounce off the 618” — which is exactly what happened to the Dow in my example above. Which further leads me to accurately assume that really, nobody knows what’s going on fundamentally, so when trying to figure out when to buy back in, “let’s just go with that”. When the Dow hit that 618 retracement, a lot of buying stepping in.

There is another index… it’s called the VIX… and if you Google VIX, you can instantly pull up a chart of it and how it looks. The VIX measures volatility, ie just how wildly things are swinging. The bigger the number, the wilder the ride.

The VIX never broke 20 in all of 2019… like you and your friend on the seesaw, quiet ups and downs. When the insanity began last month, that VIX shot up and broke 80 at one point, and has consistently been over 50 most of March. It’s recently started coming down, which is optimistically implying that things will settle down, at least to the point where maybe there’s some idea of what’s really going on. Call it cautious optimism as places start opening up and life shows some promise of taking its first steps towards normality.

And that’s market sentiment in a nutshell — nobody knows. Especially these days. Even in the best of the quietest times, there are always people on both sides of the seesaw. But the level of “unknown” these days is unprecedented… but I will tell you this, with certainty. The market will be hitting new highs… when? I don’t know. I will say September of 2022. But it could also be a lot sooner than that. Or, it could be a lot later. See what I mean?

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By Horatio Kemeny|2020-10-08T01:24:49-07:00April 28th, 2020|Categories: COVID-19 Daily Report, The First 100 Days, Business & Economics, Philosophy, Art & Literature|Tags: News, Idea, Economy, Imagine, Cars, Numbers, American, Hope|0 Comments