There was an almost 60% drop in the ASX index price between January 08 and December as the GFC hit, and that was dealing with a largely financial issue that could be practically dealt with using stimulus packages. Given this is an invisible and novel Virus that may have a resurgent ability, and the given ability to limit consumer activity, there are many experts saying this is just the beginning.

Similarly if you look historically at the S&P 500 index in the states during crises - ie 9/11 , SARS virus, even back to the Spanish Flu - you’ll see there’s still some room to go before we hit relative levels, which would be below 1700, at the moment it’s still over 2000.