Pandemic and market fears

As expected, the market tanked today amidst fears of the coronavirus affecting our global economy.

Is the coronavirus the beginning of the end of this bull run? @charliebillello put together this great list and remarked that each of these corrections seemed like the end of the world at the time. For those that don’t want to count, this is the 26th time since March 2009 that there’s been a correction >5%.

There’s a lot of good logical reasoning why this time is different. None of the previous times listed above had factories being closed resulting in supply chains being impaired. This is the first time we’re seeing large scale travel bans.

With that said, this could very well just be a dip and the coronavirus is largely contained in the next few weeks and markets will bounce back.

I know a lot of smart people who cried recession at the other times on this list and were wrong. I am not sure how this will all play out, but I’m puling back a bit with my fingers crossed that this all gets handled soon.