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Second US case of deadly coronavirus confirmed / Investment repercussions?
It’s curious that both oil prices and airline shares are among the areas leading the market(s) on the downside today. Typically they move in opposite directions - for obvious reasons. Quite possibly, the coronavirus scare is causing problems for the travel industry at large.
Gold’s having a good day (+$10) which might possibly also be related.
While not a fatal as SARS, there will be a lot of people infected as there is far more air travel now than in 2002. It is interesting that although it has been almost 20 years since SARS, there is not a vaccine yet, nor much in the way of anti-viral meds.
Same source as SARS, a Chinese "market" selling wild animals for human consumption. There are more toxic Chinese products than just their bad loans and huge debt .
I doubt we really know how bad it is in China
From MFO, Jan. 21 corona virus potentials
3 Michigan, being monitored
Look what's located in Wuhan ..... coincidence?
@rforno, don't know if that is a pure coincidence? The former Soviet Union used to have secret biowarfare labs throughout the country.
1. The one item that jumps out in the articles I've read so far is the possible (likely?) disruption of China supply chains. Convincing arguments are being made about that and if/when it happens, that could be a biggie depending on the extent.
2. For me personally as a retired investor, yet another reason to steer clear of Asia and EMs again this year. EMs were one of the 2020 fave picks of talking heads and parroted by a few posters on various boards.
out of ARTYX on Friday - lots of reasons, but this made it easier.
The global impact should be far higher than figure quoted above.
Let's hope the Center of Disease Control has learned from previous virus outbreaks and have taken quick measures to contain and treat those who are infected.
As I stated last week the market was due for a correction and that it would be fast and furious. Obviously, I had no idea of the Coronavirus, but it is irrelevant. The market was due a 5-10% correction anyway.
Buy on weakness is my policy. Growth funds for the coming decade.
Coronavirus will prove to be like Ebola. History within a few months.
Comparison of SARS and Coronavirus.
Some of this is better reporting etc, but do you really trust the Chinese governement to tell the truth?