The COVID-19 has triggered a flight for safety along with recent Oil rout due to Saudi Arabia initiating a price war. Hence, we observed an increase in volatility in all risk assets which would likely test the strongest bull of all investors. Since the price rout has began, what should we as investor do in such time?
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11 March 2020: : WHO characterizes COVID-19 as a pandemic
"WHO has been assessing this outbreak around the clock and we are deeply concerned both by the alarming levels of spread and severity, and by the alarming levels of inaction.
We have therefore made the assessment that COVID-19 can be characterized as a pandemic.
Pandemic is not a word to use lightly or carelessly. It is a word that, if misused, can cause unreasonable fear, or unjustified acceptance that the fight is over, leading to unnecessary suffering and death.
Describing the situation as a pandemic does not change WHO’s assessment of the threat posed by this virus. It doesn’t change what WHO is doing, and it doesn’t change what countries should do.
We have never before seen a pandemic sparked by a coronavirus. This is the first pandemic caused by a coronavirus.
And we have never before seen a pandemic that can be controlled, at the same time."
Source: https://www.who.int/emergencies/diseases/novel-coronavirus-2019/events-as-they-happen