How bad is this drop vs. 2007-2009?
What has concerned investors is the swiftness of the latest leg down. It took just 16 trading days for the S&P 500 to plunge into a bear, defined as a 20% fall from a recent peak. That was nearly twice as fast as the stock market's topple into a bear in 1929, according to LPL Financial.Stocks have lost most of those gains. As of Monday, the S&P 500 is up about 11.5% since Election Day on Nov. 8, 2016. At its high on February 19, it had gained nearly 60% from Election Day.
To be sure, because the U.S. economy entered 2020 on a strong footing, economists forecast that this downturn will likely be shorter than the recession following the global financial crisis, which lasted 18 months. Goldman Sachs expects growth to rebound 3% and 4%, respectively, in the third and fourth quarters. For the full-year, their forecast was lowered to 0.4% growth, down from 1.2%.Wealth advisors have advice: Stay the course and remain calm.
If you feel like you can’t stomach the recent losses, you may need to readjust your allocations to make sure you’re invested for the long haul, experts say.First-time homebuyers and refinancers are set to benefit as interest rates have fallen back to record lows, a move that will cut borrowing costs even further on mortgages.
It should be bad SF shut down the entire state and more will follow.
Masks & gloves should be handed out 2 everyone whenever we come in contact w/ other people. practicewhatyoupreacher economy dominoeffect onebyone. This is worst than 911, theinvisibleenemy theBannonbeast bottomout. Trump said wewillallgodown.dontletcovid19stopyourvote
no offense but when a major hurricane hits Florida 1 or 2 times a year the state and the economy shuts down for a week or two and then everything goes back to normal. restaurants and stores try to open asap but sometimes it doesn’t happen...suck it up buttercups 🌷
I’m just sitting here in my house waiting for the dope who says it’s Trumps fault.
Corona consequences 👎
Don’t panic. The market will come back. It always does.
That guy should not be touching his face.
The world is trying to correct itself everything has gotten way out of control and a depression will take care of that
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