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Cronavirus Could Catalyze A Financial Crisis

johnNjohnN
in The Bullpen
https://seekingalpha.com/article/4330591-coronavirus-catalyze-financial-crisis

Cronavirus Could Catalyze A Financial Crisis


Summary
According to the World Heath Organization, as of Situation Report – 44, dated March 4, there are over 93,000 confirmed cases of COVID-19 across the globe.
We believe there are hundreds more cases of community transmission in the United States that have yet to be documented.
We do not think a sell-off on the S&P 500 to the range is 2,350-2,750 is too far-fetched. This range reflects 16x adjusted forward earnings.
The Fed put may not matter much anymore in the wake of this “biological” crisis, and increased fiscal spending may not be enough to offset what could be sustained weakness across the global economy.
Let's talk about how COVID-19 might turn into an all-out financial crisis
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