Despite all the volatility, the market doesn’t usually experience periods of actual panic. Traders tend to be a level-headed bunch and react to what information is provided. So, when there is an event or issue that does cause a major freak out, it’s important to take notice. And that’s just what’s going on with the deadly outbreak of a new coronavirus igniting in China, and spreading around the world.
Since December, the virus has turned into a crisis and has continued to move rapidly throughout Asia’s dragon economy. With the numbers of the infected growing and the death toll quickly rising, the coronavirus has the potential to be a game-changer for the global economy. It’s understandable why traders are starting to panic about the unknown outcome of the virus.
But is that panic really justified?
It turns out, it might be. Looking at similar viral outbreaks – even some occurring in China – the effect turns out to be short-lived and muted. For investors, this creates an interesting opportunity.
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