9/11, financial crisis, coronavirus...the next bad thing never looks quite like the last.
“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. ⁦
"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.