'One of those once in 100 years catastrophic events': Billionaire Ray Dalio says the coronavirus will 'annihilate' select parts of the market — and warns that further emergency rate cuts will be futile

· *The coronavirus outbreak is a once-in-a-lifetime epidemic that will squash those who don't defend against a worst-case scenario, the Bridgewater cofounder Ray Dalio wrote in a LinkedIn post on Tuesday.*
· *The billionaire investor pointed to insurance companies offering insurance against the outbreak and investors selling...