It’s the end of a bullish era for the stock market and the beginning of a new phase of bearishness, after a sharp plunge for risk assets on Wednesday pushed the Dow Jones Industrial Average into bear-market territory for the first time in more than a decade.
The illness has infected more than 124,000 people and claimed nearly 4,600 lives worldwide, with market experts fearing that pandemic could disrupt global supply chains and drive the global economy into recession. Check out:Are stocks headed for a bear market? Here’s how far they would have to fall as coronavirus-fueled selloff continues
A bear market is widely defined as a drop of 20% from a recent peak. Stocks dropped into correction mode — defined as a pullback of 10% — late last month as fears over the economic impact of the coronavirus outbreak began to rise.
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if today marks the end of the longest bull market run in history what was December 2018?
Love the old Volvo
Certainly a lot to consider from different angles and a lot of it is speculative to say the least.
The real question is will the bearmarket create loss of jobs or create a larger economical impact as a result? Will people who refinanced their homes because of rate drops end up homeless because they then lose their jobs? Causing more foreclosures?
Today feels apocalyptic
Buy signal
Yeah 👌...lol
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Global stocks and oil mount a recovery while Dow futures gain 1,000 pointsDow futures gain 1,000 points after news of President Trump's plan to propose a payroll tax cut You yanks don't know what a diamond you have in President trump,he really is the peoples President. A payroll tax? With the infection you can't work what good is a payroll tax cut What Americans need I'd paid family leave if your infected. How about getting these test kits to States to test their citizens? How about funding for the costs associated with treatment? I think the market doesn’t know its ass from its elbow, is swinging from pillar to post, and has no idea what it should be doing. It just throws shit at the wall each day to see what sticks. Different wall tomorrow.
Source: CNN - 🏆 4. / 95 Read more »
Global stocks and oil mount a recovery while Dow gains 800 pointsCNN News, delivered. Select from our newsletters below and enter your email to subscribe. TRUMP 2020!!!! You mean his announcement of it. The devil lies in the details. That’s how Trump rolls ..hand outs with money that is not his
Source: cnnbrk - 🏆 393. / 55 Read more »
Bear Market: Dow Drops Over 1,400 Points, Ending Longest Bull Market In U.S. HistoryThe stock market plunged today with the Dow Jones Industrial Average sliding more than 1,400 points—officially entering a bear market for the 1st time since the 2008 financial crisis by skleb1234 skleb1234 It's just structured paper. Keep an eye on who controls the real value in this country. skleb1234 None of this media-driven hysteria was present for Swine Flu in 2009 or Sars before that-or even the regular seasonal flu 2019/20 that struck & killed far more-including children. Who's making 'money' from this 'created' market shock of sharp highs one day & sharp downs next?
Source: Forbes - 🏆 394. / 53 Read more »