Stock markets have corrected meaningfully in the short span of time, and Federal Reserve is responding with interest rate cuts and massive liquidity injection. While fear due to coronavirus and people going into self-quarantine might cause some more pain in the short term for businesses, it also is sowing seeds for the next bull run. After dot com crash and September 9/11 attacks, Federal Reserve responded by reducing interest rate considerably. This led to a massive bull run in housing and commodities over the next several years.
I expect something similar to happen this time.