News Formal

Financial Experts Say Stock Market Constantly Plunging, Reaching Record Highs Leading Indicator Of Healthy Economy

  • 📰 TheOnion
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

NEW YORK—Reminding investors that 800-point swings are completely normal, financial experts confirmed Thursday that the stock market constantly plunging before climbing to record highs was the leading indicator of a healthy economy. “A highly volatile market that reaches a record high one day before suddenly wiping out weeks’ worth of gains the next is a defining characteristic of a robust economy,” said Standard & Poor’s chief global economist, Paul Gruenwald, who urged investors to remain calm and continue buying up stocks before dumping everything the instant the Dow dropped. “We’re right in the middle of what we call an Everest/Mariana Trench pattern, and that’s exactly the kind of wild oscillation you want to see across all markets. Investors everywhere should consider this an opportunity to either make or lose a huge sum of money.” At press time, financial experts were beginning to panic after trade talks between America and China caused the market to briefly stabilize.

NEW YORK—Reminding investors that 800-point swings are completely normal, financial experts confirmed Thursday that the stock market constantly plunging before climbing to record highs was the leading indicator of a healthy economy.

“A highly volatile market that reaches a record high one day before suddenly wiping out weeks’ worth of gains the next is a defining characteristic of a robust economy,” said Standard & Poor’s chief global economist, Paul Gruenwald, who urged investors to remain calm and continue buying up stocks before dumping everything the instant the Dow dropped.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Economics are not my thing, but okay

Short term fluctuations don’t matter. It’s way up overall and that’s what matters.

Sometimes you gotta plunge to soar baby

Apparently it is

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 724. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cramer sees biotech stocks as a refuge in the coronavirus-driven market plunge'I look at these drug companies and I think, 'Wouldn't that be a great place to go if the market really falls apart?'' CNBC's Jim Cramer said. If there were an outbreak of CoronaVirus in the US cash is king probably be your theme, too late then... big losses before Cash is King? Lol Flight to safety doesn’t usually involve the most speculative sector of the markets.
Source: CNBC - 🏆 12. / 72 Read more »

As coronavirus fuels market panic, some experts say the dollar is the only safe currencyGrowing coronavirus fears saw the dollar crowned the big winner in currencies last week, and analysts are expecting further rises — primarily due to a lack of alternatives. 3 ways to travel and make money.. Gold OnePennies
Source: CNBC - 🏆 12. / 72 Read more »