If it is highly contagious, it will move quickly in a matter of weeks to months and not be heard from again.
There is report from Singapore that 26 year old woman got it and both her parents died from visiting her in hospital but she lived. It is not end of world for vast majority of able bodied people.
RE market are we goign to break yesterdays opening values of 1018 NDX.
How about companies that have a large % of business in Asia? With the travel advisory adding more countries to the list, will closing of deals be delayed? Who would be hurt the most near term? Co's who are back end loaded, with a quarter report ending in April or May (assuming the situation begins to get under control after that)? Perhaps a good time to take another look at video conferencing stocks?