Billionaire Ken Langone says the market 'panic' over coronavirus 'far, far surpasses' reality

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The co-founder of Home Depot, who has given hundreds of millions of dollars to the NYU Langone medical center, calls the coronavirus a 'serious issue,' but says its risk to the U.S. is being overblown.

He called the coronavirus, which started in China in December and has since spread to many countries around the world, a "serious issue." But he said the world's hospitals, including NYU Langone, and government leaders are doing "everything" that should be done."Squawk Alley"Langone said that goes for investors concerned about the stock market and everyone worried about contracting the virus.

"Don't let your emotions run away with you," he stressed. "Don't give up on America and don't give up on the world. It's not that time." Months from now, this week's market plunge is doing to look like a great buying opportunity, he added.Langone said that battling the coronavirus crisis is not a political issue. He urged Republicans and Democrats to work together on solutions to mitigate the chances of the virus becoming an epidemic in the United States.

 

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We’ve been living in the most epic bubble in history. COVIDー19 was just the pin.

Completely agree with Ken. Ongoing correction is just another normal, necessary for any healthy market.

An avalanche isn't caused by clapping your hands. Saying that the avalanche is an overreaction to the noise, or that the market sell-off is an overreaction to the virus, shows a basic misunderstanding of the difference between cause and trigger. Check hussmanjp for details.

How about the 20% increase from October based on Nothing

Quit the fear mongering. BuyStocks It's on sale.

Thanks to the Lefty media and their Zeal to get at Trump for something new they will also bring down the economy and the rest of us

Kenny boy is stupid 🤡🤡🤡🤡

It's not just corpnavirus

kkernttb average man with 250K IRA up 3 fold from not so long ago says HTB

The only time I have ever agreed with you.

Epidemiologist Ken Langone?

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Fox host says Democrats' criticism of Trump response to coronavirus is 'drumming up' market panicOn Thursday, Fox Business Network host, Stuart Varney suggested that the criticism towards President Donald Trump on his handling of the coronavirus, by Democrats, is 'drumming up some panic,' in regard to the stock market. This is not news. You know better. Fox host says Democrats' recognition of Trump's troubled response to coronavirus is 'drumming up' market panic So who scares the markets is a criticism of a whole series of very wrong and amateurish decisions, rather than the decisions themselves?!
Source: Newsweek - 🏆 468. / 52 Read more »