all declined more than 10% last week, their largest weekly drop since October 2008. The indexes ended the week in correction territory, meaning they were more than 10% from their record highs that were recorded in February.
There also are more than 2,900 deaths, and over the weekend Australia, Thailand and the U.S. reported their first coronavirus-related deaths.Cooperman said he considered himself "an uninformed optimist," but said investors who take a more bearish view on the coronavirus' economic impact should respond accordingly.
Cooperman also repeated his belief that Bernie Sanders' rise in the Democratic primary poses a serious risk to the stock market. He previously said the Vermont senator presented aWhile Cooperman said much of the market's recent tumult was likely attributable to the coronavirus, he said he believes investors will turn their focus to the presidential election eventually.
This is the best advise one could give. He also should give the same advise to institutional investors who are causing panic in the market.
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Hard pass.
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Coronavirus sell-off threatens to end U.S. stock market's decade-long bull runThe Dow Jones, S&P and Nasdaq correction reflects investors re-assessing the potential economic damage caused by the coronavirus. I suffered with bronchitis for years until my then Doctor gave me an antibiotic for Anthrax. Since then No bronchitis Just a thought you can try ok but why is dr. wily mad isn't he responsible for this Schumer turned into a stooge for the borderline Communist Democrat Partying. After all these years as a Democrat Schumer spinelessly allowed communism to take over Democrats party.
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Stock market crash: How coronavirus sell-off would confirm a recession - Business InsiderOne Wall Street expert warns the market's coronavirus-driven meltdown could soon confirm a recession is looming — and explains why two-thirds of the damage is already done If things dont become normal by the end of March, then a recession is almost inevitable. Already Q1 is expected to have negative global GDP growth. If it continues at the same rate of spread till the end of March then Q2 would follow suit. But remember 'bUy ThE DiP bRuH' Most Important Secular Perspective Nasdaq 100 Futures... Could confirm something is looming...lols. Wasn't that 'confirmed' a long time before the virus?
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Opinion: Why this stock market sell-off is scarier than 2008Investors are in full-blown panic mode about the coronavirus. And while I hate to be the bearer of bad news, people shouldn't count on the Federal Reserve or other central banks to save the day. LaMonicaBuzz Business 🤡 LaMonicaBuzz Business More framing this as an economic crisis instead of a possible public health crisis. The media, Trump, and his cronies should be ashamed of themselves. You are terrible people. LaMonicaBuzz Business Libs hope. Sick hateful people.
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The stock market's coronavirus-driven drop could be the start of a real sell-off - Business InsiderThe ingredients for a stock market sell off were already there, but the coronavirus fears helped trigger the drop. DanielAlpert Agree. DanielAlpert When you factor in the virus AND being overdue for a correction, yeah, I’d hold onto my hat. DanielAlpert Or this could be the end of the drop. So many possibilities...
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