- Wall Street’s main indexes slumped on Wednesday, briefly losing more than 3%, as a surge in coronavirus cases dashed hopes of a quick global economic recovery and traders got nervous before next week’s U.S. presidential election.
FILE PHOTO: A sign for Wall Street is seen with a giant American flag in the background across from the New York Stock Exchange November 5, 2012. REUTERS/Chip East* BONDS: Benchmark 10-year notes* FOREX: The dollar index
The virus spread if far worse in Europe, so old Trump must be doing something right, eh?
Maybe the Fed's influx of cheap money only goes so far?
Markets are pricing in a Biden win..so the big guys are getting out to hold on some cash...will decline further & once again billions will be made when they buy back in..the rest of the ppl will complain cause they stuck in debt and can't do anything..but hey you own a house lol
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