By Marc Lichtenfeld Every new reported case of COVID-19, the disease caused by the novel coronavirus, seems to send the Dow Jones Industrial Average down another 100 points.
The popular perception that the federal government is unprepared for an outbreak in the United States doesn’t help matters.
That has wreaked havoc on the markets. They fell 13% in seven trading days.
Is it different this time? It certainly feels like it. Events are being canceled around the world. Schools are closing in Japan, and factories in China have temporarily shut down.
Yet more people have died from the flu in the United States in 2020 than have …read more
