Stock Market is about fear versus greed.
Coronavirus is spreading fear and I cannot buy a N95 dustmask at Home Depot, Ace Hardware, and Walmart because they are all sold out. I also attempted to buy N95 dustmasks online and the order went through but it has not shipped and it is now past the Amazon ship date by 7 days. I also heard that the US Military is setting up their U.S. military bases as a quarantine center for US Citizens returning from China. The infected people versus time graph below is a comparison between CoronaVirus in red and the SAR in grey. Click the NY times article for more info.
https://www.nytimes.com/interactive/2020/world/asia/china-coronavirus-contain.html
That was enough for me. I am now 100% treasuries since the stock market's downside risk appears to be higher than the potential upside.
I am be wrong.... but at least my money is in a safe place.
The image above seems to be intended to scare people. If you go to the original article, you may notice a few things:
1. The coronavirus line goes up to 14,000. The SARS line levels off at about 8,000. (For some reason, copying and pasting just the link to the image, as you did above, doesn't include the text or the left hand scale.)
2. These lines represent the number of cases, not the number of deaths. According to the same NYT article, the fatality rate for SARS was about 10% vs. probably less than 3% for coronavirus.
3. The line for coronavirus is bold and red. The lie for SARS is not bold and light grey. Why choose those colors?
4. SARS occurred in 2003. It's quite possible that the rate at which information is identified and shared and released by the Chinese has increased in the past 17 years.
Be scared if you want to, but I'd encourage thoughtful review of what any media outlet says.
ETA: Later in the same article, they use a log scale on the vertical axis, which makes the coronavirus seem more dangerous than it would seem if the same scale were linear. With a log scale, it seems close to the Spanish flu, SARS, and polio at 10%. But the actual rate, as noted above is less than 3%.