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The Coronavirus hit the news about 6 weeks ago when China started locking things down in Wuhan. However, in the typical manner of the Communist government there, they were to little and to late. Instead of heeding early warnings from doctors, they threw them in jail.<\/p>\n
Now I\u2019m not any sort of an expert, and I\u2019m only going by what I\u2019m reading. It seems that once someone is infected, it can be a few days before they start showing symptoms. During that period, they are able to infect others. The virus appears to be airborne, meaning if you breath bad air, you can catch it.<\/p>\n Because the Chinese government was more concerned with losing face rather then dealing with the issue, and that it got started during the Chinese New Year, the flu has gone global. As soon as other governments realized what was happening, they started instituting procedures to minimize the risks of this thing spreading. However, it has spread and is all over the world.<\/p>\n However, there really aren\u2019t that many people who have it, and far fewer who do have died from it. Most of the cases have been in China, which isn\u2019t surprising, since this is where it got started. Outside of China? Maybe 2000 at most. While the Chinese government did screw up by the numbers early on, they are now taking measures to contain the virus and they will stop the spread soon enough. (Advantages of a police state, sadly)<\/p>\n As for the rest of the world, the next two countries with high numbers are South Korea and Japan. (No idea about North Korea since they don\u2019t tell anyone anything, and the entire country is one big containment camp) Both of those countries have less then a thousand cases each, although it\u2019s expected to increase. How many people have died from this illness? To many of course, but from what I\u2019ve been reading, statistically, it\u2019s no worse then any other flu season. This is NOT another case of the Spanish flu<\/a> that killed millions in the early 20th<\/sup> century.<\/p>\n Most people who catch this are going to be miserable for a couple of weeks, and then they are going to get better and move on with their lives. There is also work being done to create a vaccine. And I\u2019ve read a few stories that there have been some breakthroughs. Still it has to be fully developed and tested before it can go into mass production.<\/p>\n There are also treatments that can help to some extent, such as Tamiflu and HIV treatment drugs<\/a>. For most people who catch this thing, it will lay them out for a few days and they will recover with no more medical treatment needed then the basics of aspirin\/ibuprofen, other symptom relievers and good old fashioned TLC and chicken soup.<\/p>\n This leads us to the morons on Wall Street. Currently, the Dow Jones is off around 1000 points as panic selling kicks in. Most of this is being driven by computers of course. Also, we\u2019re actually due for a bit of a correction and this is as good a time as any to have it and get it out of the way. Besides a probable correction, there is the problem with trade with China. It\u2019s been all but shut down since China is trying to get this thing under control.<\/p>\n They\u2019ve basically been telling people to stay home, going out only for emergencies and getting food and other supplies. When these people go out, they are also being told to avoid contact with others and to take precautions such as wearing masks. Most people are doing this. I expect that the Coronaviris will be fully contained and controlled in China in another month, if that long. What they aren’t doing is working in manufacturing plants.<\/p>\n In the mean time, it\u2019s wait and see on the Stock Markets. We\u2019re now coming up on buy cheap territory. Once the Kung Flu is done, all that cash that was pulled out is going to need to go somewhere, and that means all those stocks in companies that are basically solid. That will probably start in very short order.<\/p>\n<\/a><\/p>\n<\/a><\/p>\n<\/a><\/p>\n<\/a><\/p>\n