It's a well-known fact that with the spread of the coronavirus, people aren't traveling as much, products aren't being able to come into port, and it's hurting corporate earnings. When earnings are lower, stock prices will go lower.

After what financial experts describe as "explosive growth" in 2019 with multiple stock market indexes up, there has been a pullback in about the last few weeks.

"We've been through viruses and scares like this before. I do think there's a very high probability that we will forget all about the coronavirus within six to 12 months. I don't want to belittle anyone that got sick or passed away from the disease. Obviously it's tragic," says Mike Lomas, a partner with The Financial Guys in Williamsville.

He says that from an investment and economic standpoint, he believes that the coronavirus is causing short-term uncertainty. Lomas studies past pullbacks to analyze the current situation.

"Every single one of those pullbacks, there was a common theme, right? The theme was that at some point we ran out of sellers, at some point it bottomed out, and if you would have just rebalanced your portfolio along the way, you would have been better off for that when it rebounded. And I don't think this is any different," added Lomas.

He discusses the takeaway.

"Historically, these are good buying opportunities. So I always tell people, you should have a well-balanced diversified portfolio. And now is the time to make subtle adjustments along the way to take advantage of it," said Lomas.