A few people walk on Wall Street in front of the New York Stock Exchange, Wednesday, March 18, 2020 in New York. Global stock markets have sunk in a third day of wild price swings after President Donald Trump promised to prop up the U.S. economy through the coronavirus outbreak.
Markets have been incredibly volatile for weeks as Wall Street and the White House acknowledge an increasing risk of a recession due to the coronavirus outbreak. The typical day this month has seen the stock market swing by 4.9%. Over the last decade, the typical move was just 0.4%. It was just a day ago that the S&P 500 surged 6% after President Donald Trump he’s “going big” in plans to aid an economy that’s increasingly shutting down by the day. The program could approach $1 trillion, and it would follow a spate of emergency actions by the Federal Reserve and other central banks to get financial markets running more smoothly.
“These are truly unprecedented events with no adequate historical example with which to precisely anchor our forecast,” Deutsche Bank economists wrote in a report Wednesday.
It’s only going to get worse, no test kits no test sites except for celebrities! They get a runny nose and their tested. I have no doubt many celebrities are being tested with Zero symptoms....
The uneducated press is responsible
So we threw all that money just to buy time. Cool!
It’s going to be worse than the “Great Recession.” This is will be a depression with no foreseeable end.
Wall Street should know that the ASSHOLE in the White House is the KING of Bankruptcies! He's on track to SCREW America!
There's a RECESSION! When China catches the flu, the world SHAKES! In the old days it was America!
and in other news an earthquake hit utah
Mother Nature popped the bubble. No additional analysis needed.
CriminallyNegligent MassManslaughter Liar TrumpVirus FoxNewsVirus HannityVirus GOPvirus ignoranus TrumpResignNow
Short the market, profit?!?!
Self fulfilling prophecy
Whats changed since last week
Crazy. No rhyme or reason for these fluctuations. Seems like the market buyers and sellers are causing this unnecessarily.
Great News!
Media soon will be reporting Russians & Trump colluded in the Chinese virus outbreak in order to enhance the President’s “AmericaFirst” & border security policies
Mkt indices have fallen to Obama levels
Who cares about stocks at this moment
Dow to 10K. 👀
Thanks for stating the obvious
No shit.
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Source: BusinessInsider - 🏆 729. / 51 Read more »