Stock Market Fear
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ear and emotion are more infectious than any virus.

They spread quickly among the population through today’s high-tech communications systems as people fixate on the constant drumbeat of dire information delivered instantaneously by 24-hour news channels and social media.

Amid quarantines, school closings, canceled sporting events, shuttered restaurants and businesses, empty store shelves, travel restrictions, and a plummeting stock market, it is easy to become scared to death or feel crushed emotionally by the notion of impending doom.

But, history and perspective can offer us comfort.  We have survived far worse.  Both experience and statistics tell us this.  So, let’s consider other lethal illnesses and their numbers.  We can compare them to the current state of Covid-19, otherwise known as the coronavirus.

There are more than known 9,400 cases of the new virus in the U.S., and more than 100 deaths so far.  Granted, these numbers will increase as more testing is done and until the virus is arrested.

While it might not seem so right now, the present pandemic will abate and the coronavirus will be beaten. 

However, coronavirus represents just a fraction of what happens each year in America as tens of thousands die of another respiratory illness with similar symptoms called influenza.  This season alone (since October), as many as 45 million Americans have been infected by the common flu, killing upwards of 46,000 –this according to the Centers for Disease Control and Prevention.

Think about those numbers for a moment.  Even if coronavirus deaths multiply into the thousands over the next few months, will it even reach the level of the flu fatalities each year that we have come to accept as normal?  Of course, we hope it won’t, and aggressive measures are being taken to reduce that risk dramatically.

In 2009, the H1N1 “swine flu” pandemic infected 60 million globally.  Over 284,000 died, including more than 12,000 Americans.

The 1957-58 “Asian flu” was more severe causing 1.1 million deaths worldwide and 116,000 in the United States.

The 1918-19 “Spanish flu” was even more devastating.  It infected an estimated 500 million people or one-third of the world’s population.  Some 50 million people died, including roughly 675,000 in the U.S.

Another factor to consider is the lethality of Covid-19 in people who have symptoms compared with other recent contagions that were far more deadly.  For example, Ebola killed up to 50% of those infected.  MERS had a mortality rate of 34%.  The rate for SARS was between 10 % and 15%.  We don’t yet know the true mortality rate for the coronavirus, but the most recent estimate by a team of infectious disease experts puts it at 1.4%.

Placing the landscape of history against the current pandemic should offer Americans solace amid the spiraling panic and hysteria.  Maintaining a mental balance and a calm attitude is vital in a time of crisis –either perceived or real.  It’s all about perspective.  For the average American, the health risk remains exceedingly low.
Witch Hunt

The economic risk, however, is something to be concerned about.  In the near term, it will be adverse.  Some of the draconian measures taken by state and local authorities may be more harmful than the virus itself.  Shutting down businesses and leaving people unemployed overlooks the real-life impact this has on millions of people who subsist paycheck to paycheck.

Nonetheless, Americans are resilient.  The fundamentals of our economic system are sound and we are blessed with the best businesses in the world.  Our nation and its citizens have persevered through world wars, terrorist attacks, recessions, and a great depression.  It is in our nature to endure, recover and prosper.

While it might not seem so right now, the present pandemic will abate and the coronavirus will be beaten.  We will regain our sense of well-being and financial strength –as long as we don’t allow fear and emotion to consume us.

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6 Comments

  1. Deep State’ Using Coronavirus Fear-Mongering To Suppress Dissent
    I saw this and well I’m posting it for your perusal, make of it what you will.
    Excerpts:
    A decorated scientist with four degrees from the Massachusetts Institute of Technology believes the coronavirus pandemic is being used by the “Deep State” for its own purposes.
    Shiva Ayyadurai said on Twitter that “fear-mongering” over the outbreak is being used to push an agenda.
    “As an MIT PhD in Biological Engineering who studies & does research nearly every day on the Immune System, the #coronavirus fear mongering by the Deep State will go down in history as one of the biggest fraud to manipulate economies, suppress dissent, & push MANDATED Medicine!” he said.
    It is important to note that Ayyadurai did not say the disease is man-made or a hoax.

    But what Ayyadurai did say is that some in the government are using the pandemic to frighten people into obedience.

    Think about what has transpired in less than a week’s time. We have handed control of nearly everything in our lives to the government.

    In many places, they are telling us when we can leave our homes and when we must return to them.

    They have decided what events or religious services we can attend, how many people are allowed to be there and which businesses are allowed to stay open.

    In the process, the global economy has crashed with the assistance of the media stirring everyone into a mass panic.
    People are hoarding and fighting over toilet paper as if it is the cure for COVID-19 and grabbing every canned and dry food they can find.
    Again, this is a very real disease and it can be dangerous, particularly to those who are immunocompromised or elderly.
    Let that sink in, you’ve seen in the news that many businesses have been told/ordered to close their doors. I’m not saying it’s a hoax, I’m saying think about what you are doing, use some common sense if you have any…There are several reports out there, if you have a compromised immune system you are at risk. Exactly what the good Dr. Ayyadurai has said. Slow down, take a breath, calm down, think, everything isn’t doomsday. I saw this in a meme the other day, or similar take on it: I’ve survive 10 pandemics since the late 70’s. H1N1, bird flu, SARS, Ebola, Zika, swine/bird flu Two, etc. Not trying to be a smart ass, but better a smart ass than a dumb ass!
    When are Americans going to start questioning and researching on their own? Quit believing everything you read or see on the Tube.. And for Gods Sake draw your own conclusions..

  2. excellent post. gotta link? i would really like to spread it around.

  3. 330 million population. 9,415 known cases of coronavirus. 150 total
    deaths. those numbers, in terms of statistical evidence of a catastrophe
    are all virtually ZERO! GO TRUMP!

  4. This link keeps getting edited so I will try this ….hard nox and friends dot com.

  5. thanks, great site.

  6. Great you got it…Spread the word..

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