Dow drops 800 points on mounting concerns over the coronavirus and the global economic recovery

. Cases are also rising sharply across Europe.

"I think there's going to be a call for lockdowns the likes of which we've seen in Chicago," CNBC's Jim Cramer said Wednesday. ""It's a shame because, had there been stimulus, we'd then be focusing on earnings and the earnings are actually pretty darn good," he said. Investors turned to bonds in their search for safety. The 10-year Treasury note yield fell to 0.76%. The Cboe Volatility Index , known on Wall Street as the market's "fear gauge," jumped above 38 and hit its highest level since June 15.

DeeTwoCents I am an avid trader and the stock market doesn’t care about issues regular people face. So it will do well when we are saying this is ridiculous and then it will behave poorly. It also will bounce back when a normal person is saying how. It’s crazy like that.

I m thinking blacks at hedge funds n equity firms this election hum due to equal opportunity employment i like some credit diddy revolttv

The Dow was 50% overvalued so this is good news to get stock valuations more in line with reality.

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