#BREAKING: The city of Costa Mesa is seeking to block the transfer of up to 70 confirmed coronavirus patients from near Sacramento to the former Fairview Development Center https://t.co/r2aB9iXf5O pic.twitter.com/uSG767VhpH
— CBS Los Angeles (@CBSLA) February 22, 2020
Today seems to be the day when the stock market noticed, “Oh, yeah, this coronavirus thing could be bad.”
Financial historian Niall Ferguson has pointed out that during the five weeks in 1914 between the assassination of the Archduke Franz Ferdinand on June 28 and the outbreak of mass fighting in the first week of August, the financial markets were clueless about what was coming until the last week of July 1914. Russian imperial bond yields, for example, were absolutely stable through July until the last week of the month, even though Communists would be ruling Russia within 40 months.