Rational Panic on Markets Because of Coronavirus?

Financial markets are in panic mode. Everybody is talking about the next bear market and economic implications of spreading coronavirus to the whole world. People are split into two groups. One group reasons that a new covid-19 virus is just a stronger flu. Other are worried and draw parallels to Spanish flu pandemic with tens of millions of dead.

We would like to show you two charts which can explain why the high market volatility can be completely rational.

https://quantpedia.com/rational-panic-on-markets-because-of-coronavirus/