Dont disagree with maybe 30% getting the disease but relatively few will die. Certainly not 2 billion people! All the news articles are still saying between 1%-3% mortality rate but I've been watching the coronavirus count site for over a month and in terms of outcomes the "recovered" v's "died" has never dropped below 6% and has ticked back up to 7% the last couple of days https://www.worldometers.info/coronavirus/. That makes it a bit more than a case of the sniffles. If only 25% of cases are actually being diagnosed then it is still 150 times the mortality rate of the flu. I'm expecting daily new cases to go over 10,000 in the next day or so and the total to hit maybe hit 1,000,000 by the end of March - worst case could be up to 100 million fatalities by the end of the year. Still a lot, dont get me wrong, a genuine tragedy.
The greatest impact will be economic though. And we wont see the economic effects for a while. I dont see the market bottoming until early-2021 at best. Still a long way to drop, maybe half what it is now, 38% of the peak if you believe in Fibonacci.
DEG will be a shining beacon in the darkness - one of the few places to put your money. Should do well.
DYOR of course.
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