Quote:
Originally Posted by wazu
Let's assume for a minute that China has vastly under-reported number of infections. Let's assume a million people in china got this. So we're talking about roughly .07% of their population that got this thing. And reports of new cases are slowing down. If the stock market is tanking over this hysteria then now would be a great time to buy.
|
No one can time the market but I took out a big chunk on the theory that if the market is going to freak out over 500 cases in northern Italy, what is it going to do when there are 500 cases in Manhattan. If the incubation period can be two weeks and you can spread it asymptomatically then this thing is out and its going to be everywhere soon. I doubt the mortality rate is as high as they say given the fact that they don’t have clear numbers on who is infected, but the news and the threat of news is going to keep the markets depressed until something happens to give investors hope that new negative news won’t fall out of the blue. That’s my $.02 and I certainly could be wrong.