Will The Coronavirus Slowdown Correct The Markets?

[Greg Rulfs]

As we start to get a sense of how COVID-19 will affect the economy in the short-term I'm curious to know what people think about whether or not this downturn will result in the type of longer term market corrections many people have been expecting over the past couple of years. More specifically, we've seen the stock market rise to record levels, real estate prices that could be considered overvalued in certain regions and an influx of new businesses over the past 5+ years. Do you think the Coronavirus slowdown will be the catalyst for a correction in these areas, or is there a chance that things will bounce back over the next 6-12 months but put markets back in a position where they may be overvalued and another correction is imminent? 

I realize this is a highly speculative question since we won't know the impact of this crisis until it's over, but would be interested to know what factors you feel are important. Thanks!