The last thing I ever want to be is an alarmist but the worst flu in modern times was the Spanish flu that killed 50 million people and infected 500 million! It occurred during World War I, so that partly explained the magnitude of the calamity that saw the Dow Jones Index drop 30%. However, modern medicine and global management of diseases is miles better than a century ago.
We have a lot to thank scientists and doctors for!
And while stock markets have a tendency to predictably react negatively to the uncertainty of something like a Coronavirus (as it affects tourism, airlines, infrastructure and resources businesses), I want to know if these tragic social and medical events lead to a buying opportunity for stock players down the track.