9/11, financial crisis, coronavirus...the next bad thing never looks quite like the last. nytimes.com/2020/03/06/bus… pic.twitter.com/OAsbFHaRQF

“There is nothing investors hate more than uncertainty. Right now, that is all there is.” Like all journalists, I admire a great lede. That is a great lede. ⁦@nytimes⁩

Not a pretty picture nytimes.com/2020/03/06/bus… pic.twitter.com/v2h7bSRxNI

"A sudden global disease outbreak isn’t the kind of risk that many market players were trained to react to. Few investors are epidemiologists. The most sophisticated financial models and the fastest-moving trading algorithms are flying blind."

How bad will it get? Very.