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by rnd33 2287 days ago
The number of confirmed cases in South Korea is flattening out at around 8,200 people out of a population of 52 million (0,016 %), China is flattening out at 81,000 cases (0,006 % of the whole population). Is it really reasonable to assume the number of infected people in the the US will be 3,000 to 8,000 times higher?? If these are the calculations Wall Street are doing then I'm not surprised the stock market is falling...
1 comments

The stock market is falling because (a) individuals and businesses are liquidating positions to have cash on hand and (b) people are worried that, without a liquidity package from the government, major businesses are in danger of being liquidated.