Coronavirus EXPLODES in Italy… Markets Crash as Experts Warn ‘Pandemic’ Near

This is getting out of control.
Italy Coronavirus
Photo via Today YouTube Video Screenshot

More proof has surfaced over the last 48 hours that prove we are simply not being told the truth about the coronavirus and how serious of a problem it really is around the world.

This weekend, explosive reports surfaced about a new outbreak in Italy and when the markets opened up on Monday, this concern was reflected in the Dow plummeting by 1,000 points.

The Italy Problem

Suddenly, Italy sounds like China is happening all over again.

Towns are being quarantined and hundreds of cases are popping up throughout the country.

The Financial Times (vial the DailyWire) reported, “Officials said on Sunday that a third Italian had died from the virus as the infection count rose to 152, up from just three identified cases on Friday morning, raising fears that coronavirus is spreading at pace through Europe.

“Authorities also closed schools and universities as they struggled to find the source of the outbreak.

“Large Italian companies, including the bank UniCredit, told employees in affected towns not to come to work.”

This weekend, immunization specialist Dr. Anthony Fauci stated, “Well, a pandemic is when you have an infectious disease that is being consistently and sustained transmission from person to person, through a wide range of regions, countries, and areas of the globe.

“So, for example, in China, it’s epidemic because it’s concentrated in China. But once you start to get other countries in which you have sustained transmissibility, then you really have the makings of a pandemic.

“I think … that we are clearly at the brink of that.

“Let me explain briefly why. Because our fate is going to be determined by the ability of countries outside of China that have travel-related cases. And now they’re starting to develop sustained transmission from person to person to person.

“So that right now, it’s not just travel-related cases, so when you get countries like Japan and South Korea that have these cases that are person to person to person without any real ability to point to where it came from, that’s the makings of a pandemic.

“And if you have multiple countries like that, then the horse is out the barn, and it’s going to be very difficult to prevent more cases from coming here to our own country.”

The Market Response

If you were watching the ticker on Monday to see how your investments were doing, you no doubt took a deep gulp and started to think about pulling your money out.

At the bat of an eyelash, the Dow was down more than 700 points, finishing down more than 1,000 by the end of the day.

The S&P also fell significantly, as did the NASDAQ, creating panic among investors as all three markets dropped by more than three percent on the day.

The panic is being created by the possibility of a massive outbreak affecting global economies.

Senior Market Strategist for LPL Financial, Ryan Detrick, stated, “The coronavirus might be slowing in mainland China, but the huge jump over the weekend to various other countries has many reassessing 2020 growth estimates.

“The IMF already lowered China’s growth this year, but should the virus continue to spread to other parts of the world, we could see quickly decreasing earnings and growth outlooks.”

For some reason, the coronavirus, even though there are now roughly three dozen reported cases in the United States, has not gained widespread interest here in the States.

Now, however, with markets crashing and finances being impacted, that will more than likely quickly change.

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