The Trump administration has vowed to keep the stock market open, even as the coronavirus pandemic and a steep selloff have led some commentators and politicians to suggest a temporary closure could soothe frightened investors.
The S&P 500 has fallen 25% since mid-February, the fastest decline from a record to a bear market in history. The volatility has also been unprecedented: The index has swung 5.2% on average each day in March, on course to top the previous record of 3.9% from November 1929. Even after the stock market’s remarkable...
**stock markets to see closure**
'Microsoft to sell stake in Israeli startup' Haaretz. Profits should go to defend EqualityForAll & HumanRights of Jews, Muslims and Christians in Israel. If it distributes these profits, it will make Americans complicit in profiting from these violations. BillGates note
After-all, it's all just propaganda. The Prez says it's okay to go back to work by Easter.
Human life is less important than the stock market in President Trump's eyes.
the market had gains last week... This should suggest that things have hit bottom... So naturally the media gets out the jackhammers to keep things going farther down...
Major Index providers including S&P500 have postponed monthly rebalancing due to the impact of forced sales of already struggling stocks. The market is broken already. Shut it down for now. There is no price discovery function of any market now.
Stock stock why is it always about money? Democrats Republicans capitalism tell all people on this planet, exactly how much money you thurst for? How many people have to die for your stinky money?
If Trump is making money it will stay open. Alternatively...………
Too many unknowns. Sometimes doing nothing is the right move, especially when people are panicking. Hope he is right on this one.
This news actually means they'll be closing it down soon
If US shuts markets, there will be a flurry of closures around the world too!
Isn’t 90% of stocks owned by the 1%. My numbers could be off but I’ve heard it’s something to that degree.
Alonzo_CTHG imagine the % jump on the close, fomo would be frantic
Of course Trump is keeping the stock market open. He's been trying to bring it back up so his family and friends that haven't offloaded yet can and then buy in again when it's hit rock bottom.
Nothing assuages fear more than instant loss of liquidity.
Not closing the stock market may be correct, closing the stock market may lead to greater panic and confusion.