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I vividly remember flying into Hong Kong in 2009 when authorities started quarantining hotels on fears of the H1N1 virus – or swine flu – epidemic. The memories of the 2003 SARS virus were still fresh.
As I traveled through the area during that stay, I saw the surgical masks and armed guards present at a level well above what you were hearing about in the news here.
I'm reminded of that trip now that news of the new coronavirus hits U.S. markets. By Monday morning, more than 2,700 people had been infected, and at least 81 were confirmed dead.
I've spent a lot of time in that region regularly for many years. And one thing I feel watching all this news come out of China is that this is far more serious than they are letting on.
The entire market is completely dominated by news of this virus and its spread, as well as the authorities' inability to contain it at this moment.
About the Author
Keith Fitz-Gerald has been the Chief Investment Strategist for the Money Morning team since 2007. He's a seasoned market analyst with decades of experience, and a highly accurate track record. Keith regularly travels the world in search of investment opportunities others don't yet see or understand. In addition to heading The Money Map Report, Keith runs High Velocity Profits, which aims to get in, target gains, and get out clean, and he's also the founding editor of Straight Line Profits, a service devoted to revealing the "dark side" of Wall Street... In his weekly Total Wealth, Keith has broken down his 30-plus years of success into three parts: Trends, Risk Assessment, and Tactics – meaning the exact techniques for making money. Sign up is free at totalwealthresearch.com.