The word "contagion" succinctly captured why there was chaos: investors were worried that the novel coronavirus, combined with an oil shock, would invade the global economy and cripple its growth.
In an interview with Business Insider on Monday, the Rogers Holdings chairman stressed that he did not know when the said crash would occur. In effect, he stands ready to take advantage of the buying opportunities that will present themselves during this episode. Indeed, volatility is the price investors pay to enjoy the long-term gains that stocks provide. Since 1980, the S&P 500 has suffered 31 corrections and delivered an average return of 23% one year from the bottom, according to data compiled by LPL Financial.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market news live: Oil crashes, stock futures crater on coronavirus, crude war fearsThe world’s faltering effort to contain the coronavirus outbreak hammered stock and oil futures on Sunday, which indicated a sharply lower open on Wall Street. Yes, our wonderful Saudi Friends. Also good at killing Yemen Civilians
Source: YahooNews - 🏆 380. / 59 Read more »
Stocks, oil, bond yields rally after Trump signals coronavirus relief - Business Insider'Just a plaster on a deep wound': Stocks, oil, and bond yields rebound after Trump teases coronavirus relief
Source: BusinessInsider - 🏆 729. / 51 Read more »
Global stocks tumble as oil crashesStock futures were down again Sunday evening as the novel coronavirus outbreak continues to roil financial markets. How do you know this, when it's only SUNDAY? The time is so perfect to invade China.
Source: cnnbrk - 🏆 393. / 55 Read more »
U.S. stocks dive more than 7% as oil war and coronavirus fears slam marketsA collapse in oil prices is the latest fallout from the coronavirus oubreak and adds to the gloomy financial and economic outlook. Top-down design shows its limits in handling epidemics. 😥
Source: latimes - 🏆 11. / 82 Read more »