This virus will most likely run for a few months in the headlines.
I've been following this info graphic updated by John Hopkins for the past few days, and the death count has roughly increased by around 50% each day. The number infected much more so. Death rate runs around 2.39% or so.
There is a good chance this situation will get worse before it gets better - stocks will slump as people exit due to uncertainty about what everyone else is doing.
Personally I'm going to wait patiently with a bit of cash ready.
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