CNBC: “Dow jumps 200 points, rebounding from its worst day since October”By admin_45 in IN THE NEWS
Excerpt from CNBC quoting DataTrek's Nick Colas:
.... "From an investment perspective the largest challenge around the Wuhan coronavirus is the lack of historical comparisons that might help sensibly frame the risks,” said Nicholas Colas, co-founder of DataTrek Research. He noted, however, comparing the current situation to the SARS outbreak may not work given how much Chinese demographics and economic dynamics have changed.
“China is in a better position to address the current crisis relative to SARS, both because its population is now more affluent as well as the country’s improvements to its national health care system,” Colas added"....
Read the full article here in CNBC!