Wall Street tumbles, Dow confirms bear market

A bear market is confirmed when an index closes 20% or more below its most recent closing high.

“There’s just a plethora of bad news today, a growing number of people with the disease, there are different points of view in how stimulus should work, and the market is acting accordingly,” said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia.A lack of details from the Trump administration regarding its plans for fiscal stimulus, and partisan wrangling in Washington, added further unknowns to the mix.

The Dow Jones Industrial Average is displayed after the closing bell on the floor of the New York Stock Exchange in New York City, New York, U.S., March 11, 2020. REUTERS/Andrew Kelly Stocks worldwide lost ground despite global stimulus efforts to soften the economic blow of the virus, named COVID-19, with Britain and Italy announcing war chests to contend with the growing crisis.

What goes up must come down

And so ends the Obama recovery

Remember Buffet said to have cash on hand always. He right you always win. If it crashes you can buy in bit by bit. if it rises you profit. Aka you either get a buying deal or make money. I trust WarrenBuffett stockmarketcrash

Should have brought Purell stocks last year.

It's called a recession. It will get probably get worse too. Layoffs. firings, foreclosures, the whole gammit. If this virus gets into the Capitol it will kill many political leaders. Most of them are older and therefore high risk for the virus.

Thanks trump

Nobody really cares. The market never had a chance. You know that.

Wait till tomorrow's drop... TrumpCrash

And just like that the world got a little more honest. You must produce wealth. You cannot trade in it. May it get worse. May a lot of windows open for the last time SOON

traders buying like hell borrowing like hell to be able buy.

You sound so excited about this. This is, afterall, what the media has been asking for.

The buyers on the alert.

WHO Market always comes back

WHO 👍😟

WHO WHO did a pretty good job, in terms of covering up the pandemic from Wuhan, China before... 😏😡😤

WHO This is ALL the Trump Administration’s fault! Every cent of it! Lock Him Up!!

WHO Wall Street and the capitalist oligarchies of the West have been living in a fools dream for many years and now reality has caught up with them. They thought it would always be a bull market and that share indexes would go up indefinitely. COVID19/SARSCoV2 just blew that up.

WHO it will go up by 1500 pts tomorrow

WHO What about Dec 2018?

WHO Globally, the new coronavirus is named Pompeo-virus.

WHO Don’t let clowns on twitter tell you trump is responsible for this. He is not responsible for a highly contagious global pandemic that originated in China. The market is tanking because of this market externality not Trump.

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Stocks surge on Wall Street following worst day since 2008NEW YORK (AP) — Stocks are surging on Wall Street following the market's worst day since the financial crisis of 2008. The Dow jumped nearly 800 points, or 3.3%, making up less than half of its... This seems fishy... Give it a few weeks and no one will be thinking about money. Is it a “surge” when it’s making up some of its losses
Source: AP - 🏆 728. / 51 Read more »

Stocks fall again on Wall Street as wild swings continueStocks are sinking again, wiping out most of a huge rally from a day earlier as Wall Street continues to reel from worries about the coronavirus. Investors are still waiting for details promised by President Trump on potential aid for the economy. He’s surrounded himself with nothing but unqualified sycophants, and he, himself, doesn’t possess a single atom of true leadership in his body. This is the moment where every greedy, racist fool that’s supported him will have to come to grips with his inability to weather this. Y'all proud of yourselves in the media Yeah where the hell ARE those details, Mr. President?!?!?! South Korea has over 10k test kits. Maybe we should go study their leadership style and health care system. COVID19 CoronavirusUSA
Source: AP - 🏆 728. / 51 Read more »