Despite there are 6 new cases of coronavirus today in Singapore, all could be tracked, originally from China tourist group, before the total travel ban of China tourists to Singapore from 1 Feb 2020.
A few important keypoints:
1) The virus is transmitted within small group. So, avoid shake hands, talking in close distance or rubbing face (nose, mouth, eyes) would help to minimize the case.
2) Stay healthy is more important than feel stressful each day (affecting immune system when could not sleep well). Since coronavirus spreading or infecting is beyond our control, we just keep to the right habits, not to over-stress oneself, infected with depression even before the real virus.
3) Global stock market has accepted the fear over the past 1 month on this new virus, showing technical rebound in prices. In medium term (3-6 months), when real economy (quarterly GDP) and sector business (eg. tourism, hotel, F&B, transportation, manufacturing, etc) also show weaker fundamental, then there is an more room of downside, especially if the spreading of Coronavirus continues.
If Singapore has the first death case or uncontrolled spreading of virus to local people, then the crisis would become greater as people may be as fearful as during SARS time. Now the fear is still little, only 1 out of about 50 people wearing mask, after public sharing on no need to wear mask unnecessarily if not sick.
Light at the of tunnel will be waiting for effective vaccine or self-termination of virus around summer time (about 8 months if following SARS experience).
4) At the moment, this is just a minor crisis, not yet a lifetime opportunity as in global financial crisis (stock indices could drop more than 50%). Both investors and traders should monitor closely, minimize risks with exit plan and waiting for opportunities to buy low.
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