Holding out for a hero? Strong stomachs needed to navigate coronavirus-hit market

A time for brave investors to shine?

It has now been just over two months since the World Health Organisation announced it had identified a new respiratory virus belonging to the coronavirus family.

Fast forward to time of writing (10 March) and there have now been more than 116,000 cases reported across 105 different countries - more than 14,000 of which are in Europe. Why coronavirus could cause a 1990s-style bubble in risk assets Italy has been the hardest hit within the bloc, with approximately 9,100 reported cases and the entirety of its 60 million population put in complete travel lockdown last week. A few weeks ago, the general rhetoric among investors was to keep calm, buy the dips and maintain a long-term time horizon. But last week, Saudi Arabia's move to slash it...