Coronavirus crash wipes $5 trillion off world stocks

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DEVELOPING: Coronavirus panic sends world share markets crashing, compounding their worst week since the 2008 global financial crisis.

which was its largest fall since August 2011. They have now lost 12 percent since hitting a record high just nine days ago, driving into so-called correction territory.

"The coronavirus now looks like a pandemic. Markets can cope even if there is big risk as long as we can see the end of the tunnel," said Norihiro Fujito, chief investment strategist at Mitsubishi UFJ Morgan Stanley Securities.Traders work during the opening bell at the New York Stock Exchange on Thursday.

The CSI300 index of Shanghai and Shenzhen shares dropped 2.9 percent, on track for its first weekly loss in three.

 

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Both during Republican presidencies. dumpgop

How could this be? President Trump just said the coronavirus was a hoax.

How many die from ordinary flu compared to this virus?

Obviously the stock market disagrees with trumps lackadaisical approach to this virus

Morning_Joe The market value has been over inflated by about 5000 points due to bogus manipulations by Trump brain trust, lowered interest rates, tariffs, pseudo trade agreements. Correction was necessary. Paper losses. Panicking counterproductive. If crash takes down Drumpf that's a bonus.

Morning_Joe And MickMulvaneyOMB telling 19,000 at CPAC that it’s just a hoax sure is helpful to a world that knows better, right?

Morning_Joe I wonder if anyone has thought about using some of the cruise ships as hospitals for those exposed or affected with the Coronavirus. Assign medical personnel etc and use the rooms for isolation and away from the general public offshore.

mitchellreports the stock market can use an 'adjustment' If it's 2008 again, fine.

mitchellreports It only needs to fall 8000 more points then we will be back to where things were before Trump. Those were the days!

mitchellreports it's not a panic if in fact supply chain of goods and services is disrupted, setting back revenue recognition by several months

mitchellreports 👎Trump’s mismanagement🙈 of this pandemic virus kills the economy and the stock market tumbles out of control👎realDonaldTrump FoxNews LouDobbs TuckerCarlson seanhannity Reuters TheLastWord Morning_Joe FoxNewsSunday JimmyKimmelLive colbertlateshow

mitchellreports This tweet should be amended to state that the Coronavirus AND 'TRUMPVIRUS' send the world share markets crashing. SHITCANTRUMP

Morning_Joe People forget that for everyone that sold, there was a buyer, volume was up over 26 million. Panic selling leads to great buys. Very few people really understand markets. You're buying a company. This decline is biological not monetary.

Morning_Joe Crazy Mika Phony Joey have TDS FAKE NEWS Enemy of the People!

Morning_Joe Funny u would retweet this since u currently put Trump administration on deck to blame them.

$20 says that Dow hits 30k by November. Buy low sell high

First it's The Time Magazine and now The Stock Market; someones ego is getting deflated

GerardAraud

And nothing makes the media and Democrats happier! sickbastards Trump2020KAG

AgDayTV Thank you media!!! You’re to blame!

Morning_Joe Added to fact Trump is the worst possible person to be in charge and Pence worst person to be handling it. 😳

Buy, Buy, Buy!!!!!!!!!

The media is causing this!! STOP THE FEAR MONGERING.

As Dems say this really only impacts the top 1% since the middle class does not own stocks. What impact will this have on the Obama economy?

The Flu kills thousands each year. No one freaking out over that.

Don't worry. It's just the market correcting itself from the added value extracted from the exploitation of the working class that should had happened otherwise ;)

Fear Porn!! Fear Porn! The reality check is what happens when you put all your Manufacturing dependence in one country China

The democrats and FAKE NEWS MEDIA are using the virus for political purposes and intentionally trying to manipulate the market and the American people. Don’t fall for their lies!

The shorts are making money. The bank algorithms ensure the sell off. The virus is the excuse. The press swallows the story As usual. A selloff was long overdue . Thank the Repubs. Thank Kudlow We are manipulated Sheep.

COVID19US COVID2019 coronavirus TrumpVirus aarp AARP Public can rest assured now. Trump is ordering officials not to talk to media about Coronavirus. Only Pence will be the spokesman. Everything is fine! Buy more stocks!! stockmarketcrash StockMarket

At some point, Trump needs to lead in this presidential crisis and not dump it on Pense. Trump needs to quickly rebuild the CDC that he had cut by 80% to ensure test kits, trainers and equipment are provided to the most urgent hot spots and not leave this all to the city mayors

....NOV 6 2012 .... “IF THE DOW DROPS 1,000 POINTS IN TWO DAYS THE PRESIDENT SHOULD BE IMPEACHED IMMEDIATELY !” DONALD TRUMP

The time to buy is now

Sheeesh

Why is social media taking down Lysol cans telling it kills Corona virus on the back

God damn

Coronavirus COVID19 Prevention & Treatment from Centers for Disease Control and Prevention

Additional 2000+ loss today!

Yeah adding Steve Mnuchin to the coronavirus task force will do that. Doesn’t quite instill confidence when you assign grifting idiots to roles they have no fuckin business being in.

SherryFLRealtor Global shares mixed after coronavirus rout

Msm panicking sends world shares crashing right before the election . Odd huh

Pure fear mongering

No no it was one of the democrat debates

Are you sure it's not crashing due to the trump presidency?

😢

KrisKetzKMBC People are crazy. Each day more people die from other sickness than this. Hood lord stop spreading panic!

Stock markets are one of the biggest scams on the planet. That's truly not a sign of how well your country is doing. Look at this country's growing debt . That's how the economy is doing most Americans are in debt just like this country is. Work on that elected officials

TrumpEconomy

People who fall for the scare tactics of the left will sell on the low. Good Job Geniuses!

No worries the dear leader has Mnuchin and Kudlow on the coronavirus task force for this purpose only....

Fear monger for your masters? A virus no more dangerous than the flu and yet you keep trying to keep the sheeple in line with fear. History is written by the victors and it won't be kind to you. Like your ratings are any good now...

So tired of the media trying to make this a political gain for the Democrats! Unbelievable that we are no longer Americans first! The excitement that this could be 'Trumps downfall' is actually pathetic! Democrats aren't concerned about Americans! They are sicko's!!

But Trump says it's all good, man.

Tell me about it my 401 K has lost several thousand this week and counting. I’m scared to look at it today.

That's what happens when you elect a failed bankrupt TV host and he puts his vice president in charge that had the worst HIV outbreak in Indiana history because he was against giving clean needles to the attics to keep them from spreading HIV he said the Lord told him to do it😷

And meanwhile, Donald blames the Democrats instead of doing something about it. DoNothingDonald

Come on Dow, turnaround

The Democrats and the Media are fueling the panic to deliberately cause the market to fluctuate!!!

How's that portfolio today kids

PaulSorrentino3 We absolutely need to separate our economy[the real economy for people that get up in the morning to go to work and DO THINGS AND MAKE STUFF] from their fake economy[skim from the top, doing nothing]. We are fine. I'll get up and go to work. I have confidence in myself AND you.

my 4% on a local checking account looks pretty good right now

I respectfully disagree. World markets are simply following US market. US maket downturn was a direct result of Trumps speech and leadership failure, not panic.

Darla_Mercado The smart investor will carefully (quietly) look for buying opportunities.

3 thoughts on the coronavirusus 1. Virus deniers are most likely ClimateChange deniers 2. Trump hopes victims are Democrats2020 3. Trump is setting up Pencedemic to fail so he can dump him before the convention.

Dramatic. Relax it’s gonna be ok. It will bounce back better than ever.

Good!

I fucking love it. Tired of winning yet. We've won nothing.

Coronavirus outbreak 'getting bigger' after Nigeria reports first case, WHO says.

You lie, we all know it the potential of Bernie and communism taking our country from us.

Panic created by the sensationalistic news, not by what’s actually happening.

Bye bye frump

Shame

Wow are you all gleaming with joy over this long-awaited headline!!!! The American people DO NOT TRUST YOU!!! SOROSPUPPETS CUT THE GARBAGE . You are entertainment opinion editors .... NOT JOURNALISTS

Thoughts and prayers from the trump admin.

So is this still “Obama’s” economy or not?...

Sorry guys, it’s not gonna work! trump4eva TrumpLandslideVictory2020 KAG

Close the border!

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