Corona Virus Selloff an Overreaction - Now is a Good Time to Buy Stocks

Corona Virus Selloff an Overreaction - Now is a Good Time to Buy Stocks

Maybe I am missing something but world is not going to end. Flu already exists all over the world and hundreds of thousands of people die each year but life goes on for rest of the world. I think this panic with media hype is making things seem worse than they are. People will recover and a vaccine will be created in next few months and world will be fine. 

If interest rates remain low like now with US 10 year treasury bond yielding 1.18% and Euro and JPY 10 year debt yielding 0%, people will flock back to stocks of great businesses and stock market will reach heights again as good businesses continue to generate cash and grow intrinsic value. The only reliable way to retain value and to make income is to buy stocks or invest in alternative investments. 

I believe this is a good time to buy stocks of world leading companies with low debt and competitive moats.

US S&P 500 Index 1 Year Chart

US 10 Year Treasury Bond Yield 20 Year Chart