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Is It Time To Buy??? - Part 9

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Tests done by scientists from the National Institutes of Health, Princeton University and the University of California, Los Angeles have found COVID-19 can live in the air for several hours and on some surfaces for as long as two to three days. They have found that COVID-19 can live up to three hours later in the air, up to four hours on copper, up to 24 hours on cardboard and up to two to three days on plastic and stainless steel.

Once someone is inflected, doctors in China have detected the COVID-19 can live in the respiratory tract for as long as 37 days.

U.S. stocks tumbled more than 9% on Thursday, with Wall Street extended its dramatic slide into a bear market as the Dow, S&P 500 and Nasdaq all crashed in response to the global coronavirus crisis.

Growing alarm about the severity of the COVID-19 pathogen — and its economic toll — has sent markets into a tailspin that even a half a trillion dollar intervention from the Federal Reserve couldn’t help shake. Weeks of panic-driven selling has dragged blue-chip stocks into bear market territory at a breathtaking pace, of less than a month from peak to trough.

David Levy, chairman of the Jerome Levy Forecasting Center, said on Thursday that “the pandemic’s economic disruptions threaten to trigger a global financial crisis that will be worse outside of the United States than 2008-2009.”

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Today we learned the press secretary of Brazil’s President Jair Bolsonaro tested positive for the coronavirus. Several days earlier Jair was interacting with President Donald Trump during a visit by his boss to Mar-a-Lago. However, Trump said he’s “not concerned” about his contact with Jair and that he would not be tested for the disease. And that’s the same initial response Trump gave about the virus in general.

The White House’s messaging in January and into late February continued to be that the virus had been contained. Initial U.S. guidelines for testing was to screen only people who had respiratory symptoms and had either traveled in China recently or come into close contact with someone who had been infected. In late February. Trump said the virus was very well under control in our country and that the U.S. was in very good shape.

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So would things in the US been a little different weeks ago, if Trump took his own situation a bit more serious? No one will know for sure, as the Market have been hammered nevertheless.

This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.

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