XJO - ASX200If you assume that the economic fallout with COVID-19 will be worse than the GFC, and this is where we are today - 24th March, 2020:
- infection rates in Australia and the U.S. are still spiralling;
- all restaurants, bars, cinemas and large public spaces are closed, as are our state borders
- our national borders are closed;
- despite self isolation being mandatory, some people are ignoring it;
- there are no advanced precautionary measures being implemented, as in Singapore (for example), where they diligently use temperature guns and tracing apps;
- our schools are still open in most states
The fallout from the above is yet to be felt or accurately estimated.
With the GFC, the ASX200 fell more than 50% - we are still a long way from that number now.
I hope and pray we get through this and come out the other side in good shape and in the shortest time possible.
