Now we see fears and the reality of coronavirus hitting the markets hard.
I’ve said it before, so this is repetition, but worth repeating. Stock markets move on emotion much more than the fundamentals. Companies are overvalued because there are more people with more money in pensions and the money has to go somewhere.
I also highly recommend this informative thread on twitter regarding research on coronavirus so we can all hopefully keep it in perspective. It’s linked with more detail on my linkedin at https://www.linkedin.com/feed/update/urn:li:activity:6641792800314675200/