It isn't a 2008 level issue where the financial system almost collapsed.
But there are real problems with earnings that will be associated with constrained global trade. When you couple that with the angst of the market being so hot, for so long, people start looking for a reason to kick off a correction.
I plan to sit on the sidelines for a bit and gauge how this shakes out.
Fundamentally, viruses struggle with UV light. Spring and summer are on the way, which should slow down the corona virus. I suspect in a month, perhaps two, the markets will be back to talking about how great Tesla is.
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Pylon on the Edmonton Oilers:
"I am actually more excited for the Oilers game tomorrow than the Flames game. I am praying for multiple jersey tosses. The Oilers are my new favourite team for all the wrong reasons. I hate them so much I love them."
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