This translation has been automatically generated and has not been verified for accuracy.Wall Street indexes nosedived on Thursday, on track for their worst days since early in the coronavirus pandemic as investors reassessed a stocks resurgence after the Fed issued a gloomy growth forecast and infections showed signs of upswing.
“One concern is somewhat increasing coronavirus numbers. There’s been some increase and there’s concern it could drive further economic closings, although I find that very hard to believe.” “We’ve had a tremendous rally, and it’s only natural to see some kind of pullback. There have been voices saying the market was ahead of itself and it moved too quickly…We were susceptible because of the sharp move in the market.”“This historic gain in equities is getting a reality check. There are some concerns about re-infections, but my thought is that today is not so much different from the beginning of the week.
globeinvestor It sjows what we have always known about capital markets....that lunch is long term planning at the opening bell.