Stocks Fall More Than 7% in Dow’s Worst Day Since 2008

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The Dow industrials fell 7.8%, their worst day since 2008

The New York Stock Exchange briefly halted trading after the Dow Industrial and the S&P 500 both fell 7%. WSJ's Anna Isaac explains how a price war for oil and the economic impact of the coronavirus epidemic led investors to flee stocks.

Photo: Justin Lane/EPA-EFE/Shutterstock
 

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paulvigna Rich robbing the poor again

paulvigna The Trump economy, lol.

paulvigna But but they knighted Biden or whatever the other day right? This isn’t supposed to happen.

paulvigna

paulvigna

paulvigna The invisible hand at work...

paulvigna Paul is crushing it with these. I hope the updates are an every day thing.

paulvigna It’s all a hoax

paulvigna Fear Market sees an Orange Man in Denial A river In Egypt they say

paulvigna ı guess this year seems to be the end of d. trump

paulvigna Excellent, rational analysis. Presentation reminds me of the days of the mornng webcasts. I wish they were back.

paulvigna Who remembers when the Dow was 13,000,now it's roughly double..it's probly been close to ten years since then!

paulvigna Watched too much of NarcosNetflix, can see the parallels in what's happening in the financial markets. Let us name our 'cartels': *oil cartels *Financial markets *Media cartel *Dems They are all organized associations for the purpose of promoting a mutual interest.

paulvigna Cmon

paulvigna Thanks Trump!

paulvigna Blame the FED. FED is responsible for crisis in USA. QE

paulvigna One would expect (hope and/or pray) that the floor on oil would be a stronger basis than the MBS collapse of 2008

paulvigna What ever happened to 'Free market will always correct itself?' 😂🤣

paulvigna TrumpCrash

paulvigna So?

paulvigna Guess why there was no panic during The OBAMA administration SWINE FLU EPIDEMIC, can you say FAKE NEWS INDUCED PANIC!

paulvigna Invest in your life and country

paulvigna rsvp special delivery

paulvigna So much winning!

paulvigna *insert cartoon slide-whistle*

Everything is on sale!

Still too high. Needs to come down to 2016 levels to be fairly valued.

No talk regarding banks inability to sell Blackstone’s $2 BILLION MGM/Mandalay Bay loan arranged by Citi Barclays SocGen_US DeutscheBank these banks are losing their shirts!!

Guess what’s more contagious than the Coronavirus? Panic.

TrumpCrash 😂😂😂😂 MAGA

Bloomberg propaganda still trying to buy, interfere with the election. How much did hillary biden obama bloomberg lose in their investments?

Money is a bubble

We have idiot Trump to thank for. Saudi supposes to be friendly to America and Master Putin are ganging up to crush/destroy American economy. Trump is a Sellout...RESIGN.....

Fucked again

acoyne Thank you, realDonaldTrump

davidakin This still begs an answer as to the how (and why?) of COVID 😷, something we may never find out.

It's a TrumpSlump

Doesn't the US deserve a president who doesn't have 'great confidence' in the folks trying to drive market averages down and drive US crude wells out of business, compromising our energy independence?

Up 9% tomorrow.

The democrats must to be happy

THIS IS THE TRUMP, SLUMP!🇺🇸

It's not the end of the world, yet... Opportunities to make $$, generally happen more in bad times than good....

Well congratulations realDonaldTrump you effectively wiped out Obama’s gains.

This is the ObamaEconomy

And once again realDonaldTrump sets a new stock market record. Congrats Mr. President! 🇺🇸

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Stock market live updates: Stocks reopen after halting, Dow down 1,800Stock market live updates: Shares of bank stocks are suffering amid a collapse in bond yields. Shares of Citigroup are down more than 10%, JPMorgan lost 9%, Goldman Sachs fell 8% and Bank of American dropped 8%. Market 'Halted?' Isn't this Socialistic Interference in Free Market Capitalism? Allow the 'Invisible Hand' of Capitalism do it's MAGIC! Or Damage! it's not a pandemic, it a media-driven panic Manny6Manny It's time to use that XRP on demand liquidity to unlock dormant capital in the nostro/vostro.
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