China's Lack of Coronavirus Control Could Keep the Market Falling This Week

I vividly remember flying into Hong Kong in 2009, when authorities started quarantining hotels on fears of the H1N1 virus - or swine flu - epidemic. The memories of the 2003 SARS virus were still fresh. As I traveled through the area during that stay, I saw the surgical masks and armed guards present at a level well above what you were hearing about in the news here. I'm reminded of that trip now that news of the new coronavirus hits U.S. markets. By Monday morning, more than 2,700 people had been infected, and at least 81 were confirmed dead. I've spent a lot of time in that region regularly for many years. And one thing I feel watching all this news come out of China is that this is far more serious than they are letting on. I'm not saying that to scare you. I only want you to be aware of what I see playing out, so you can be prepared. And with the right moves now, you will be. The entire market is completely dominated by news of this virus and its spread, as well as the authorities' inability to contain it at this moment. Bottom line: There's a lot of uncertainty, which has caused the market to currently fall about 1.5%. But based on what I see, that could turn into a 3% to 5% downturn - take a look... Full Story Bottom line: There's a lot of uncertainty, which has caused the market to currently fall about 1.5%. But based on what I see, that could turn into a 3% to 5% downturn - take a look... Full Story Tags: China To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post China's Lack of Coronavirus Control Could Keep the Market Falling This Week appeared first on Money Morning - We Make Investing Profitable .