IS the economy crashing??

With regards to the virus situation, we should be concerned, but not fearful and certainly not irrationally so.... In the big scheme of thing, this Corona virus is no different from others that have popped up before, except for the excessive media hype (BTW, I'm not saying it's a hoax, because it's not!) about the pending apocalypse because of it. Except, China's rates of occurence has already peaked in the face of an aggressive albeit belated response by their govt, which proves that it really no different from any other outbreaks...i.e It too shall pass....
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​​​​As for stocks, they've been long overvalued and were due for a correction anyway.... Take some profits off the table, look for some really great buying opportunities down the road, wash, rinse and repeat.

"Be fearful when they are greedy, and greedy when they are fearful" - Warren Buffett

My hope is that we'll be over this in a month or so, so that it doesn't give the company an excuse to claim that an economic downturn is preventing them from agreeing to a comprehensive contract improvement in this round of negotiations.