| | Friday, February 28, 2020 | The Coronavirus Is Killing More Stocks Than People: That Could Change By Shah Gilani | Dear Wall Street Insights & Indictments Reader,
Thousands of stocks, globally, are getting killed as investors shed equities in the face of mounting coronavirus infection rates and deaths.
As bad as it's been for global stock markets, it could get a lot worse if the number of deaths attributable to the virus, which two days ago was 1,075, increases dramatically along with infection rates and most frighteningly, mortality rates.
The World Health Organization (WHO) estimates the blended global mortality rate from the coronavirus is 2%.
That blended rate incorporates some countries' mortality-to-infection rates at zero, some as low as .001%, China's national rate of 2.1%, and the 4.9% rate in Wuhan (the epicenter of the virus).
With the death toll from the virus likely to rise significantly as the virus spreads and underreported deaths in China and Iran come to light, stocks are going to get killed even more.
Here's what a rising death toll, increasing infection rates, and higher mortality rates will do to markets...
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