Expert Pitch
Binghamton University, State University of New York

Fears of coronavirus outbreaks have caused the Dow to plunge 1,000 points, but experts say investors shouldn’t be concerned

Newswise — Binghamton University offers live or pre-taped interviews powered by a state-of-the-art ReadyCamtelevision studio system, available at a moment’s notice. Our system can broadcast live HD audio and video to networks, news agencies, and affiliates interviewing Binghamton faculty, students, and staff. Video is transmitted by VideoLink and fees may apply.

BINGHAMTON, N.Y. -- Today the Dow decreased more than 1,000 points with the rise of coronavirus cases outside China, but Dan McKeever, assistant professor in the School of Management at Binghamton University, says investors shouldn’t be concerned. McKeever says people shouldn’t be worried about the recent drop since it is closely tied to people’s emotional reactions, and every scare, whether it be financial or not, has an effect on the economy. He notes that people should focus more on the long term results and ignore the short term changes. 

McKeever says:

“The stock market is supposed to reflect the value of companies, but it also reflects a lot of human emotion. And so in the short run, when there's big scares like the coronavirus, you'll have people reacting emotionally. There's uncertainty about how this is going to affect things like the global supply chain. China's a huge producer. They're also a major consumer. And so if people are sick, they're not going to work and they're not buying things. How bad is this virus going to get? We don't really know. So because we don't know how bad the virus is going to get, investors I think are understandably spooked about the potential long run consequences for the global economy and you're seeing that with this really sharp drop, short, sharp drop in the s&p 500.”

McKeever, an assistant professor in Binghamton University’s School of Management, is an expert on empirical and behavioral corporate finance, board networks, and corporate governance. He received his B.A. in economics and journalism in 2010 from The Ohio State University, and his Ph.D. in finance from Penn State University’s Smeal College of Business in 2018. 




Filters close

Showing results

110 of 5636
Released: 13-May-2021 7:05 PM EDT
FLCCC Statement on the Irregular Actions of Public Health Agencies & the Disinformation Campaign Against Ivermectin
Front Line COVID-19 Critical Care Alliance (FLCCC Alliance)

FLCCC Alliance calls for whistleblower to step forward from within WHO, the FDA, the NIH, Merck, or Unitaid to counter this misrepresentation

Newswise: shutterstock_1724336896.jpg
Released: 13-May-2021 12:55 PM EDT
Kreuter receives $1.9 million in grants to increase vaccinations in St. Louis
Washington University in St. Louis

Matthew Kreuter, the Kahn Family Professor of Public Health at the Brown School, has received $1.9 million in grants to help increase COVID-19 vaccinations among Blacks in St. Louis City and County.

Released: 13-May-2021 11:35 AM EDT
COVID-19 mRNA Vaccines are Immunogenic in Pregnant and Lactating Women, Including Against Viral Variants
Beth Israel Deaconess Medical Center

In a new study from Beth Israel Deaconess Medical Center researchers evaluated the immunogenicity of COVID-19 mRNA vaccines in pregnant and lactating women who received either the Pfizer or Moderna COVID-19 vaccines. They found that both vaccines triggered immune responses in pregnant and lactating women.

Released: 13-May-2021 10:30 AM EDT
Pandemic stigma: Foreigners, doctors wrongly targeted for COVID-19 spread in India
Monash University

The Indian public blamed foreigners, minority groups and doctors for the rapid spread of COVID-19 across the country during the first wave, due to misinformation, rumour and long-held discriminatory beliefs, according to an international study led by Monash University.

Released: 13-May-2021 9:00 AM EDT
28 Community Programs Receive Grants Through Penn Medicine CAREs Program
Perelman School of Medicine at the University of Pennsylvania

Penn Medicine CAREs awarded grants to 28 projects, many of which aim to fill vast needs in the community created by the COVID-19 pandemic, while others seek to improve diversity, equity, and inclusion.

Released: 13-May-2021 9:00 AM EDT
How to Win Over Vaccine Skeptics: Live Expert Panel for May 20, 3pm ET
Newswise

How to Win Over Vaccine Skeptics: Live Expert Panel for May 20, 3pm ET

Released: 13-May-2021 8:00 AM EDT
Dental procedures during pandemic are no riskier than a drink of water
Ohio State University

A new study’s findings dispel the misconception that patients and providers are at high risk of catching COVID-19 at the dentist’s office.

Newswise:Video Embedded lung-damage-not-the-culprit-for-post-covid-exercise-limitations
VIDEO
Released: 13-May-2021 7:00 AM EDT
Lung Damage Not the Culprit for Post-COVID Exercise Limitations
American Physiological Society (APS)

A new study suggests the lungs may not be the main factor that reduce exercise ability in people recovering from severe COVID-19. Anemia and muscle dysfunction also play a role. The study is published ahead of print in the Journal of Applied Physiology. It was chosen as an APSselect article for May.


Showing results

110 of 5636

close
3.24807