In case you’ve been living under a brick, the Coronovirus is starting to hit the US pretty hard. Its a full blown and legitimate crisis comparable to the 9/11 attacks.
Two things. First, you’ll need to protect yourself and second, it pays to think about how to make some money.
There is a ton of misinformation being spread on social media, so if you’re concerned about your health, get good data from the CDC.
Their page on the Coronavirus is here.
Here is what the CDC is saying:
The complete clinical picture with regard to COVID-19 is not fully known. Reported illnesses have ranged from very mild (including some with no reported symptoms) to severe, including illness resulting in death. While information so far suggests that most COVID-19 illness is mild, a reportexternal icon out of China suggests serious illness occurs in 16% of cases. Older people and people of all ages with severe underlying health conditions — like heart disease, lung disease and diabetes, for example — seem to be at higher risk of developing serious COVID-19 illness.
Current risk assessment:
- For the majority of people, the immediate risk of being exposed to the virus that causes COVID-19 is thought to be low. There is not widespread circulation in most communities in the United States.
- People in places where ongoing community spread of the virus that causes COVID-19 has been reported are at elevated risk of exposure, with increase in risk dependent on the location.
- Healthcare workers caring for patients with COVID-19 are at elevated risk of exposure.
- Close contacts of persons with COVID-19 also are at elevated risk of exposure.
- Travelers returning from affected international locations where community spread is occurring also are at elevated risk of exposure, with increase in risk dependent on location.
Invest For The Coronavirus
How should you invest for the coronavirus? The stock market is in free fall with broad indices losing money and many individual companies losing 5 to 10 percent of their value. Investors should keep in mind that all things pass, so the proper response to the market volatility is to view the downturn as an opportunity to purchase excellent companies at a steep discount.
- Cruise lines, transportation, entertainment and airline stocks are likely to be heavily impacted.
- Companies manufacturing cleaning products, such as Clorox, might be interesting for a short term trade.
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Readers, if you have any thoughts on how to invest for the Coronavirus, please leave us a comment below.