True, that was my opinion.
However the following is not opinion.
As stock investors, we are all pretty good at ratios:
before we went to bed last night, the known infection rate in Australia was about 1 in 35,000
of course we need to be aware of the underlying and make adjustments accordingly. We know there is a couple of days backlog and that there are many who can't get tests done because they haven't been overseas or are not aware of being in contact with someone else who had it. Difficult to esitmate, but by now, given recent growth rates, could be around 1 in 10,000
besides Hubei, the worst total infection rates in any other Chinese provinces was around 1 in 100,000.
Some provinces there went into lockdown there with infections rates less than 1 in 300,000
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