Man who called 1987 crash says ‘be careful not to mythologize’ coronavirus into a ‘pandemic Godzilla,’ predicts stocks will rebound in a few months

Billionaire investor Paul Tudor Jones on Thursday said that America will beat the deadly coronavirus pandemic, while sharing his own personal narrative, noting that his daughter contracted the illness recently and has since recovered.

”We are going to quash it and send it back to the oblivion from where it came from” Jones told CNBC during a Thursday morning interview, cautioning that people are “prone to hype things to beyond what they are,” referring to the infectious disease that was first identified in Wuhan, China in December and has infected nearly a half a million people and claimed more than 22,000 lives, according to data compiled by Johns Hopkins University, as of Thursday.

“We’ve got to be careful not to mythologize this into the pandemic Godzilla,” he said. “We can beat this thing,” he added.

“ ‘We’ve got to be careful not to mythologize this into the pandemic Godzilla.’ ”

— Paul Tudor Jones

Jones said that his daughter, who is in her mid 20s, contracted the illness but has since recovered. “I’ve seen first hand the impact” of COVID-19, the legendary investor told the business network, noting that his daughter had “nothing more than a mild case.” 

The 65-year old hedge-fund founder of Tudor Investment Group said he is optimistic about the outlook for markets which have been hammered by concerns about the economic damage the disease would inflict on the American and global economy.

“I don’t think we need to panic,” he said. By his own estimates, Jones speculated that the disease could infect one million people in the U.S. in a worst-case scenario and applying a 4% mortality rate—far greater than most epidemiologist are assigning to the disease—roughly 40,000 people would die due to the deadly

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