DOW is already down 1000 points this morning.

[RedSpartan]

4. There's really nothing the Fed or Trump can do to directly help the economy with this.

Even if the virus doesn't spread much in the U.S., it's still all over the rest of the world, especially China, which impacts the global supply chain for most economies and, thus, the ability to manufacture things (for production economies) and with that the availability of things to buy (for consumer economies). No amount of tax cuts or lowering interest rates can fix that problem and if the virus isn't brought under control very quickly, that problem will just continue to extend itself. This has the potential to get much worse before it starts getting better.