Market set for huge losses as coronavirus fears take hold

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The Australian stock market fell sharply by midday, with experts warning the worst is yet to come as coronavirus fears take hold.

to a historic low of 0.5 per cent on Tuesday, and an amateur observer would be forgiven for dismissing the latest slump as just another rise and fall.

“We get optimistic about potential central bank support and fiscal stimulus from governments, then we see another school close or another border shut and the sell-off comes. Australian Health Minister Greg Hunt, Australian Prime Minister Scott Morrison and Australia’s Chief Medical Officer Professor Brendan Murphy provide an update on the deadly virus. Picture: Lukas Coch/AAPThe market slide comes just weeks after the ASX200 was at all-time highs, which should present profitable options for mum and dad investors.

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Here in America it's a rollercoaster stockmarket, fell over 1,0000 today after yesterday 1,000 rise but I believe once the fear subsides and more understanding of coronavirus then the rollercoaster will stop.

toilet paper futures are up, up, up!

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