So...I typically view this stuff as blown up by the media for ratings...
Totally expected trump to come out tonight at the news conference, pump up the American people and stock market, etc...
And I was completely shocked by the body language and tone by not just Trump but everyone at the presser. Trump looked like this is grave...not just the virus but...that due to the virus and markets tanking, like his reelection is in jeopardy. Almost like he already sees the writing on the wall. I honestly am really taken back by this. I never really saw even a fight for the election til now. Stock futures tanked even deeper post news conference...confirming my sentiments.
Then you get a news release shortly after that a California resident tested positive for it and the CDC has no idea how that person got it...meaning they got it from someone who doesn't know they have it and are spreading it around. There's probably dozens of infections in California already, watch the cases start getting confirmed over the next week. If cases start rolling in...I'm not fear mongering but this could very likely be the beginning of the us outbreak, and why trump looked so down Any time you have a case and they can't trace how that person was infected...on something that's highly contagious...that's not good lol
Markets have already fallen 10% with massive dark pool orders going through...like $300 mil orders...selling. We don't even have a full fledged out break confirmed yet...imagine if we do. Or first death? Not friggen good at all.
It's not like I feel this is the end of mankind...but even a worldwide outbreak...say a billion people are infected at a 2.1% death rate...that's still a lot of friggen deaths.The economic strain if this travels worldwide is going to be ridiculous. Imagine having huge quarantines in the us like they do in China? It doesn't have to kill a bunch of people to severely impact supply chains and the economy.
So what are your thoughts? Does this come and go relatively easily like several of the last scares? Or does this blow up(or has it already) into something uncontrollable with massive impact?