The Charging Bull sculpture by Arturo Di Modica, in New York's Financial District, on Feb. 7, 2018. The longest bull market in U.S. history can now be said to have lasted almost 11 years and rewarded investors with a return of 529% based on the performance of the S&P 500, including dividends.
But the coronavirus scare flooded the market with too much uncertainty. Investors hate uncertainty more than anything, as the Wall Street saying goes, and the first reaction for many to it is to sell. And this new virus has certainly been uncertain. Corporate profits are the lifeblood of the stock market, and they are getting hit on two ends. On one side, the virus has snarled supply chains around the world, with factories shut due to workers out on quarantine. That gives companies less things to sell. On the other side, the virus is causing the cancellation of events from professional basketball games to concerts. Two presidential candidates will hold a debate this weekend without a live audience.
Back in March 2009, the biggest companies were familiar names with long histories in traditional industries like oil and makers of detergent and other household products .
COVID bear.
Yes as the left-wing kooks dance in pride in their weird way for the crash of the US Bull market. But the US as always is strong and will bounce back!
Tiny? How out of touch are you?
‘Tiny Virus’ ? Seriously ?
tiny but deadly
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