CNBC: “Here’s why investors shouldn’t compare the coronavirus outbreak to SARS”By admin_45 in IN THE NEWS
Excerpt from CNBC quoting DataTrek's Nick Colas:
.... "DataTrek Research co-founder Nicholas Colas also pointed to a very different geopolitical backdrop during the SARS epidemic, since it coincided with the run-up to the war in Iraq and fears of an oil shortage.
“It is useless to compare how US/global equities fared under SARS in 2003 to the coronavirus today; the invasion of Iraq was the real catalyst for investor sentiment during this time,” Colas said in a note to clients Tuesday"....
Read the full article here in CNBC!