Not even close. I think everyone knows things will get worse, but at this point there are too many unknowns to quantify that. The market will remain stable for a few days, but there will continually be more data that will cause the market to continue to drop.
We still haven't seen any country match China as far as total cases. Once Italy gets to 80k and then 160k 4 days later a new wave of anxiety will pass through people.