“ ‘What we have now is really two epidemics. We have an epidemic of the coronavirus, but we also have an epidemic of fear based around a narrative that is not necessarily keeping up with scientific reality. And, this narrative has been quite striking. It’s a dangerous time for the stock market.’ ”

That’s Robert Shiller, Yale professor and Nobel Prize winner, explaining to CNBC during Monday’s market plunge why he believes there’s more selling to come. “This disease is contagious even before it shows obvious symptoms,” he said. “So, it’s going to be harder to quarantine people in this epidemic. That’s the narrative, and we haven’t gotten very far into it yet.”

According to the latest tally from Johns Hopkins, there are now 116,146 cases of COVID-19, with at least 4,088 deaths. In the U.S., there are 761 cases and 27 deaths.