China has put the novel Coronavirus in the SARS category because it is a new strain that have not been identified before and hence has no curing drug and patients are treated symptoms only. WHO has not declared it as a global emergency because cases are mostly limited to China, and only isolated cases elsewhere. Btw, common flu is a Coronavirus and while the new strain is…
…mysterious, so far its impact pales in comparison to the common flu virus, which has already killed between 8,200 and 20,000 Americans this winter, according to the U.S. Centers for Disease Control.
Is why Jim Cramer and @Jil are confident that WS is exploiting the event to take down the weak hands. US economy is strong and the bull market is based on real fundamentals and not vapors as in 1999.