Coronavirus Getting Worse Or Better? Just Follow The Money

Wall Street’s growing fear: Coronavirus “to get worse before it gets better”

CBS NEWS – Concerns are growing on Wall Street that the coronavirus could cause serious economic damage beyond China, with analysts warning that the deadly outbreak is unlikely to recede anytime soon.

“Consensus is that this coronavirus outbreak (COVID-19) is going to get worse before it gets better,” Raymond James analysts said Tuesday in note to investors. “It seems as though the market is under-appreciating the potential dangers and what the key government leaders on the virus are saying.”

Amplifying those concerns: This week’s guidance from Apple — a bellwether both for the high-tech industry and the broader U.S. economy — that the iPhone maker would miss its quarterly sales target because of the virus’s impact on the company’s sales and production in China. Apple shares fell nearly 2% on Tuesday.

The swiftly changing sentiment has investors reconsidering outcomes should the coronavirus prove more pervasive than feared.

The Raymond James analysts, citing interviews with public health experts and other sources, said they believe the number of cases in China to be 400,000 or more, dramatically higher than the official count of at least 73,000 confirmed infections and at least 1,874 deaths, all but five of them in mainland China.

...article continued below
- Advertisement -

The odds of a notable outbreak in the U.S. have increased to one in five from one in seven, according to the investment firm.

And, given it took between seven weeks and 10 weeks for the virus to reach epidemic levels in China, it’ll likely be another two weeks to four weeks before it’s known if there will be any widespread outbreak in the U.S., the analysts noted.

“One growing area of concern is that there was an assumption that this would be like SARS and by summer it would go away.

Now there is a growing belief that this could become an annual seasonal virus (like colds and flu) or a global pandemic which means it would spread across the globe until ‘herd immunity’ is reached,” they wrote.

“Significant shock” to global system?

Other Wall Street analysts are sounding alarms, too. The outbreak represents a “significant shock” that’s likely to have material ramifications for the global economy … Read more.

...article continued below
- Advertisement -

MORE OF TODAY’S TOP HEALTH NEWS: Sen. Tom Cotton: Hero Or Conspiracy Monger? | UK Sex Ed Pushes Foot Fetish | Did CIA Make Whitey Bulger A Killer?

- Advertisement -
- Advertisement -


ERs Use Body Bags to Save Lives

Kaiser Health News – As a deadly heat wave scorched the Pacific Northwest last month, overwhelming hospital emergency rooms in a region unaccustomed to...

Hospitals That Sue Their Own Patients

Tennova Healthcare-Lebanon sued more than 1,000 patients over the past two years. Hundreds of those suits were filed during the pandemic at a time when many companies have been backing away from taking patients to court over unpaid medical debt. The state of New York even banned the practice.

Sarah Huckabee Sanders: Why I Got ‘The Trump Vaccine’

NEW YORK POST – Former White House press secretary Sarah Huckabee Sanders acknowledged Sunday that she was inoculated against COVID-19 “months ago” — with...

Latest Villains In Covid Blame Game: Country Music Fans

NEW YORK POST – St. Louis will reinstate its mask mandate on Monday, as one local health official tries to blame country music fans...

Trust Bible, Or Trust Fauci?

A California man who mocked Covid-19 vaccines on social media has died after a month-long battle with the virus.

Biden-Harris Border ‘Hypocrisy’ Fuels Drug Smuggling, Covid Rise: Physician/Congressman

WASHINGTON — Congressman Ronny Jackson (TX-13) spoke on the Floor of the U.S. House of Representatives yesterday to bring attention to the worsening crisis...

What If The Supreme Court Overturns Roe v. Wade?

OPINION | CNN – In some alternate universe, Supreme Court Justice Ruth Bader Ginsburg retired during the Obama presidency and Democrats were able to...

Excess Masturbation Cited In Near-Fatal Stoke

New York Post – This fellow redefined "mind-blowing sex" after he suffered a life-threatening stroke while repeatedly masturbating. Now, medical experts are saying he’s...

Large Ivermectin Study Retracted

MEDPAGE TODAY – A large Egyptian study of ivermectin for COVID-19 patients has been retracted over concerns of plagiarism and serious problems with their...

Mental Illness History Overshadows Possible Herschel Walker Run

ATLANTA (AP) — At first glance, Herschel Walker has a coveted political profile for a potential Senate candidate in Georgia. He was a football hero...
- Advertisement -