The Stock Market Is In Free Fall On Coronavirus Fears. How Much Worse Will It Get?

The U.S. stock market has officially plunged into correction territory—at the fastest rate ever recorded, suffering its worst losses since the 2008 financial crisis this week amid ongoing panic over the spreading coronavirus and its impact on the global economy.

The Dow plummeted nearly 1,200 points on Thursday—its biggest one-day drop ever, thanks to the coronavirus, which has now spread to at least 49 countries in a matter of weeks. Those losses continued on Friday, though the drop was somewhat less severe: The Dow fell 1.4%, while the S&P 500 sank 0.8%.

National Economic Council director Larry Kudlow on Tuesday told CNBC that the virus is unlikely to become a, and described this week’s sell-off as a good buying opportunity. That same day, however, the CDC warned that the American public should brace for major disruptions from the coronavirus. its estimate for U.S. corporate earnings in 2020, forecasting 0% earnings growth for 2020 as a result of the outbreak.“Markets are much too negative on the coronavirus. . . . The market was too expensive earlier in the year, but the coronavirus panic is overdone,” says Vital Knowledge founder Adam Crisfaulli.

Globalism ignites fear in investors. Oh, the irony.

Maybe because the media keeps fearmongering over the Coronavirus... 80k died from the flu in 2018-19 and I don't remember it being blown up in the media like this.

I thought Mike_Pence was going to fix it!

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Stock market spirals as coronavirus fears persist— Here's what to watchStock market faces its worst week since the financial crisis. Here's what three experts have to say. TradingNation
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

The stock market's coronavirus-driven drop could be the start of a real sell-off - Business InsiderThe ingredients for a stock market sell off were already there, but the coronavirus fears helped trigger the drop. DanielAlpert Agree. DanielAlpert When you factor in the virus AND being overdue for a correction, yeah, I’d hold onto my hat. DanielAlpert Or this could be the end of the drop. So many possibilities...
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »

Stocks Open Lower, Face Biggest Weekly Losses Since 2008A market storm gathered pace as stock markets around the world sold off and investors struggled to calculate the economic fallout from the coronavirus epidemic. We offer Loans, Cash & Asset Backed Financial Instruments such as Bank Guarantee and Standby Letter of Credit (BG/SBLC) for lease and sale, and loan facilities. We offer verifiable bank instruments via SWIFT from genuine providers capable of taking up time bound transactions. WSJ more great news. Thanks for the panic alert!
출처: WSJ - 🏆 98. / 63 더 많은 것을 읽으십시오 »