That's one of the most ridiculous takes I've read in quite a while. There's no way the probability of the market starting rapid recovery in the next few weeks is 50%. Just wait until it's officially declared as a pandemic, which is almost certainly going to happen.
I don't understand how this figure keeps getting quoted.
Out of cases that have been fully resolved we're now at an 8% mortality rate. 2% is counting ongoing cases, that's not the figure you should be looking at.
Out of coronavirus cases that have actually fully resolved (so the patient has either recovered or died) 9% of the cases have ended in death. In 22% of ongoing cases the patient is in critical condition. How in the fuck is that a "highly virulent flu with the same risk factors"? LOL