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 4204
Newswise: Pediatric ER Saw Steep Drop in Asthma Visits During Spring COVID-19 Lockdown
1-Dec-2020 8:00 AM EST
Pediatric ER Saw Steep Drop in Asthma Visits During Spring COVID-19 Lockdown
American Thoracic Society (ATS)

A new study published online in the Annals of the American Thoracic Society discusses a steep drop off from prior years in asthma-related emergency department (ED) visits at Boston Children’s Hospital during the spring 2020 COVID-19 surge and lockdown.

access_time Embargo lifts in 2 days
Embargo will expire: 9-Dec-2020 4:00 PM EST Released to reporters: 3-Dec-2020 4:50 PM EST

A reporter's PressPass is required to access this story until the embargo expires on 9-Dec-2020 4:00 PM EST The Newswise PressPass gives verified journalists access to embargoed stories. Please log in to complete a presspass application. If you have not yet registered, please Register. When you fill out the registration form, please identify yourself as a reporter in order to advance to the presspass application form.

access_time Embargo lifts in 2 days
Embargo will expire: 9-Dec-2020 4:00 PM EST Released to reporters: 3-Dec-2020 3:50 PM EST

A reporter's PressPass is required to access this story until the embargo expires on 9-Dec-2020 4:00 PM EST The Newswise PressPass gives verified journalists access to embargoed stories. Please log in to complete a presspass application. If you have not yet registered, please Register. When you fill out the registration form, please identify yourself as a reporter in order to advance to the presspass application form.

Newswise: 250384_web.jpg
Released: 3-Dec-2020 3:05 PM EST
Study finds COVID-19 hindering US academic productivity of faculty with young children
University of Tennessee Health Science Center

The academic productivity of higher education faculty In the United States in the science, technology, engineering, mathematics, and medicine (STEMM) fields with very young children suffered as a result of the stay-at-home orders during the early months of the coronavirus pandemic, according to a new study by researchers at the University of Tennessee Health Science Center, the University of Florida College of Medicine, and the University of Michigan School of Medicine.

Released: 3-Dec-2020 2:50 PM EST
Kidney disease leading risk factor for COVID-related hospitalization
Geisinger Health System

An analysis of Geisinger's electronic health records has revealed chronic kidney disease to be the leading risk factor for hospitalization from COVID-19.

Newswise: Identity Verification During the Age of COVID-19
Released: 3-Dec-2020 2:25 PM EST
Identity Verification During the Age of COVID-19
Homeland Security's Science And Technology Directorate

S&T's Biometric Technology Rally focused on the ability of acquisition systems and matching algorithms to recognize travelers without asking them to remove their masks, thereby reducing risk for frontline workers.

access_time Embargo lifts in 2 days
Embargo will expire: 10-Dec-2020 11:00 AM EST Released to reporters: 3-Dec-2020 2:20 PM EST

A reporter's PressPass is required to access this story until the embargo expires on 10-Dec-2020 11:00 AM EST The Newswise PressPass gives verified journalists access to embargoed stories. Please log in to complete a presspass application. If you have not yet registered, please Register. When you fill out the registration form, please identify yourself as a reporter in order to advance to the presspass application form.

access_time Embargo lifts in 2 days
Embargo will expire: 7-Dec-2020 4:45 PM EST Released to reporters: 3-Dec-2020 2:10 PM EST

A reporter's PressPass is required to access this story until the embargo expires on 7-Dec-2020 4:45 PM EST The Newswise PressPass gives verified journalists access to embargoed stories. Please log in to complete a presspass application. If you have not yet registered, please Register. When you fill out the registration form, please identify yourself as a reporter in order to advance to the presspass application form.

Released: 3-Dec-2020 2:00 PM EST
Testosterone May Contribute to More Severe COVID-19 Disease
American Physiological Society (APS)

New research suggests that levels of the sex hormones estrogen and testosterone could contribute to infection risk and severity of COVID-19.


Showing results

110 of 4204

close
2.03848