On Coronavirus: Markets Did What Markets Do

By Glenn J. Downing, MBA, CFP®

Last week we saw the Dow formally enter correction territory, meaning the market dropped by more than 10%.  This is what markets do:  they go up, until the herd feels like its time to take some profit off the table and sell, and then they go down.  And then back up again.

This correction is not like others we’ve seen – it was/is driven by a specific fear, namely the Coronavirus’ effect on world economies. 

What do we know abount Coronavirus? 

COVID-19, as it is formally known, has now shown up in Florida.  As I write this, there have been 2 U.S. deaths.  These have occurred in vulnerable, sickly people.  From the CDC website, the symptoms are mild to severe respiratory illness, with fever, cough, and shortness of breath.  Many patients get pneumonia in both lungs.  The statistics coming out of China are unreliable.  It seems that most people who get the virus recover from it....

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