We already knew the world economy was cooling off a bit, still strong but the talk was out there to the point that 2021 was starting to look like the long overdue correction would take place.
Well, enter Corona, as much as we want to deny it and know, how stupidly overblown the whole thing is, mass media has the public at large in a panic, and the public, not world government controls the economy so there is some validity in looking at what the public and how the public is reacting, not other investors.
Im holding and actually like a crazy person increased my 401K purchases but in no way would I tell someone like my son or daughter to jump into the market right now, why too many unknowns but the key is really back to basics and lets face it, the PE ratios are quite high right now and only will be higher after the economy falters a little bit.
Just to many unknowns that only the coming weeks will answer, such as will this thing die out towards the spring, so the public feels at ease again.
Is China lying that its new cases have leveled off, if they are not lying, my god, that is amazing. 1.5 billion people and only 100,000 infected, but I dont believe those numbers, if it was an ordinary flu those numbers should be more like 180 million sick people in China instead of the reported 100 thousand.
As far as Apple, for me personally, I cant believe that Tim Cook is lying, not for a second, he said last week that production was back to or now near normal again in China for the iPhone.