Hopefully the market will realize it has over-reacted to this thing soon.
It's possible that we could literally talk ourselves into a recession, and we're certainly trying.
What we probably need most is some positive news, and maybe that will wake folks up and calm them down. But it does have to happen soon.
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Yea the positive news are going to arrive real soon...but after oil is done collapsing....and after any bussiness that has to do with people gathering or traveling is done posting giant losses...and after parts of the country will get quarantined...and after everyone who was exposed is done sitting at home for two weeks unable to come to work...and after supply chains recover...and after shellshocked bussinesses will start hiring again.
Talking yourself out of reality of a spreading epidemic is not a healthy proposition - we need to face it head on untill there is an effective treatment and/or immunization.
Trump and his "Fake news! Nothing to see here! Don't worry 'bout it! Don't test for it!" is a sad farce, like most of his presidency.