What we are seeing right now is a global contraction in earnings as a result of containment measures as a response to the Covid 19 virus outbreak. Whilst this is disruptive to short term earnings, it does not indicate Armageddon. Please don’t mistake an aggressive price contraction as an indicator that pricing is going to zero. For every seller there is a corresponding buyer who believes more in the long term prospect than the short term hype. Dr Shane Oliver provides us with his Insights.