Nobel Prize Professor Says U.S. Turning The Corner On Coronavirus, So Does Stock Market

Biology professor Michael Levitt won the Nobel Prize in chemistry in 2013.

Nobel Prize

Have we reached a coronavirus peak? Are we close to the bottom of the president’s “V curve”? Is the Easter comeback a real possibility?

According to a Nobel Prize laureate and Tuesday’s stock market massive gain, that could be the case.

Biology Professor Michael Levitt of Stanford opines, “What we need is to control the panic…we’re going to be fine.” Levitt nailed the prediction that China would get through the most dire part of the pandemic by mid-February.

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“Numbers are still noisy, but there are clear signs of slowed growth,” he said and further commented to the Los Angeles Times, “The real situation is not as nearly as terrible as they make it out to be.”

The Times noted, “His optimistic report on China said the country would peak with around 80,000 cases and 3,250 deaths. He was not far off: China has reported 81,588 cases with 3,281 deaths as of March 24.”

If this is true then President Trump, by planning for a quick economic recovery, is ahead of the curve on the issue. A robust turnaround in the spring would also foil Democrat plans to make this into a campaign issue in the fall and do all they can now to impede efforts against the coronavirus.

Levitt’s view is one of many and not set in stone. A survey of various sources on the coronavirus spans the spectrum from cautious optimism to”sky is falling” pessimism. What is disconcerting is that some of the worst pessimists seem to be taking a ghoulish delight in asserting their views.

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Several DC publications, including The Hill, have made a point to feature stories that condemn the president’s optimism as foolish and worse. The media machine is gearing up to hit Trump no matter what the outcome of the public health crisis.

If it abates soon then he panicked and overreacted. If it goes on longer than is currently thought then Trump bungled the response and caused the longer crisis, they will say.

Given the stock market jumped on Tuesday by 2,100 points, its largest one-day point gain ever, it seems the president and Levitt, not their critics, may be on to something.

This piece was written by David Kamioner on March 24, 2020. It originally appeared in LifeZette and is used by permission.

Read more at LifeZette:
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The gross Chinese ‘wet markets’ where the virus began

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