In another coronavirus precaution, California officials cordoned off the sculpture of a bear outside the office of Gov. Gavin Newsom, at the Capitol in Sacramento, Calif., Wednesday, March 11, 2020. The sculpture was purchased by former Gov. Arnold Schwarzenegger and was quickly nicknamed "Bacteria Bear," after it became a favorite backdrop for photographs and selfies by school children and other Capitol visitors.
Corrections are common during bull markets, and are considered normal and even healthy. They allow markets to remove speculative froth after a big run-up and give investors a chance to buy stocks at lower prices. Many companies, including airlines, cruise operators and big consumer technology manufacturers, have warned their earnings will take a hit this year due to the economic fallout from the outbreak.
Should the S&P 500 enter a bear market before April 11, it would mark the fastest drop of 20% by the index on record, Stovall said.The last bear market for the S&P 500 ran from Oct. 9, 2007 through March 9, 2009. The index fell 56.8%. in that 17-month period as the U.S. housing downturn and mortgage crisis erupted, triggering a credit crunch.On average, bear markets have lasted 14 months in the period since World War II, while market corrections have lasted an average of five months.
TrumpCrash
I promise you this stock market is 100% being purposely manipulated. This isn't fear of a virus, the virus is just an excuse. This isn't a natural reaction. The market never bobbled during H1N1 or Ebola. This is 100% BS politics. Now that Bernie is toast, we see this.
The wonders of a great government ideas.
After 1 month, you will post something like “it’s the stock market’s worst year since we ever had stock market”
The fed wasted 1.5 Trillion dollars to slow the plummet for 20 minutes.
If Trump had taken action when he saw how many people were getting sick when this outbreak started then Americans would not be in such a panic and the market would probably not have reacted like this. He should have started making test kits and working on a vaccine.
Unrelated but, I posted a video on my Facebook page with a video of a 911 call I made because I heard a child being abused at Courthouse Lofts in Kansas City. Nothing happened. I feel like I am in a humanitarian crisis. Is there an asylum procedure for someone in my situation?
Let them plummet money drives people crazy that they don't care about others wellbeing let it crash to the ground sick and tired of this evil devils in this earth
CrashThatBitch
Y'all ought to have known this administration would destroy it all sooner or later. 🤦🏼♂️🤦🏼♂️🤦🏼♂️🏳🏳
The fear mongers got what they wanted.
How dare you slander Bacteria Bear with this virus crash.
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Dow rebounds 1,167 points a day after suffering worst plunge since financial crisis - Business InsiderTuesday saw choppy price action as investors weighed a possible government stimulus package. Indexes ultimately surged into the close. Ugh because the market is stupid and listened to nonsense that drooled out of agent oranges maw. JoeConnollybiz Why can't those algorithms make up their damn minds? The stock market chart is Trump's signature written on a downward curve.
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