/biz/ - Business & Finance

I'm glad short sellers are funding their retirement off this, but Elon is correct. The hysteria so far has no basis in reality. It's panic.

Look at what we know so far. The virus has been 'in the wild' for four (4) months now (December 2019), there are slightly more than 100 US deaths. Half of those were from a single eldercare facility in Washington state (51) that was exposed to the virus. We know that risk of transmission becoming fatal goes up exponentially starting at age 50, and could be devastating to the age bracket nearing end-of-life.

That said, even in the worst case projection on the numbers, there will be 335,000,000 americans that need to get on with their lives after the virus has concluded the un-vaccinated portion of it's run. Yes, we should be deeply concerned about our older family members, but we must also prepare for when life and commerce resume after the virus.