Yes, I agree. Only folks who don't seem to see the danger to the world economy are the folks propping up the security Market. This doesn't seem to be a Black Swan. It's more like a black pterodactyl.
It's fun to read the headlines: "Dow Blasts to 29,500 Despite CDC’s Scary Coronavirus Warning" followed by "Dow Tumbles as U.S. Warned of 100,000s of Coronavirus Cases". Dow 'tumbled' by a whopping 0.14%. Noise.
That being said, the economic effects will be real and very different from previous recessions, IMO.