12/12/2019: Coronavirus cases first reported in China 1/31/2020: WHO declares a global health emergency. 2/19/2020: Signs of effective containment in China and hopes of monetary easing by major central banks helps S&P 500 reach a record high 3/23/2020: S&P 500 drops 34% from the peak level seen on Feb 19, 2020, as COVID-19 cases accelerate outside China. Doesn’t help that oil prices crash in mid-March amid Saudi-led price war Since 3/24/2020: S&P 500 recovers 80% from the lows seen on Mar 23, 2020, as the Fed’s multi-billion dollar stimulus package suppresses near-term survival anxiety and infuses liquidity into the system. In contrast, here’s how CNK stock and the broader market performed during the 2007/2008 crisis.