Time to panic?

News. The outbreak of disease in people caused by a new influenza virus of swine origin continues to grow in the United States and internationally. Today, CDC reports additional confirmed human infections, hospitalizations and the nation’s first fatality from this outbreak. The more recent illnesses and the reported death suggest that a pattern of more severe illness associated with this virus may be emerging in the U.S. Most people will not have immunity to this new virus and, as it continues to spread, more cases, more hospitalizations and more deaths are expected in the coming days and weeks.

So far ...one death.

Check on http://www.cdc.gov/flu/mmwrref.htm to find out the mortality rate of other types of influenzas.

Is this the time to panic? Some people hope so, so they will make a lot of money. Poorly tested vaccines may cause more damage than the original virus.

Let's try to keep cool and do not forget to put this issue into perspective. Of course, the first thing Obama did is to throw billions at the problem. Did I say someone is going to make a lot of money?

To find out more about my in depth view of the markets and my strategy just visit our website https://www.peterdag.com/ where you can review The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific money management needs.

I will be happy to speak to your investment group on how the business cycle impacts investment strategies and the choice of asset classes.

George Dagnino, PhD
Editor, since 1977