The SARS-like Corona virus from Wuhan, China has killed 9 people and has 500 confirmed cases. But since this is China, they are definitely fudging their statistics to make them look better; Imperial College London estimates there's over 2000 cases currently.
The Chinese CDC is probably shitting their pants right now, because the timing could not be any worse. Right now, it's about to be the lunar New Year in China, aka the largest human migration event in human history. It's like American Thanksgiving travel on steroids, with 400 million people traveling by air and train, and millions returning home from abroad or traveling overseas as well. The Coronavirus has proven to be transmissible person to person, giving these conditions the potential for turning into an actual pandemic, SARS 2.0 maybe. There's absolutely no way that government can limit all the people in Wuhan (population: 11 million) from traveling, especially considering the fact that people might be infected and not show any symptoms. Combined with the enormous volume of travel, and the huge increase in outside leisure activity (people in China have a week off), this is probably going to cause a huge spread of this disease.
Is China screwed, or is this just media hype? Will this keep the DJIA (aka 8% Chinese companies) from reaching 30,000? Are we all going to die?