I don’t believe this post heading at all. Although I’m firmly in the camp that says we should do all we can to isolate and stop the spread of this deadly virus, correlation is not causation. Eugene Fama’s efficient market theory went out the window with the Reagan presidency, that is, the belief that full information about all market options are relected in its pricing, among other things. I would wager these days that very little rational information is reflected in asset pricing. Rather than knocking the wind out of the markets, the coronavirus is an excuse to get hysterical about an over-valued market.
Markets have periodic corrections of investor hyperenthusiasm.
Your Constructive Comments are Welcome!