The stock market saw a massive drop on Thursday, just two days after officials urged Americans to startFears sparked by the recent disease outbreak caused the Dow Jones Industrial Average to decline by 1,190.95 points and close at 25,766.64, while the S&P 500 index, which measures the stock performance of the top 500 companies in the U.S., fell by 4.4 percent to 2,978.
Following the drops, Ascent Private Capital Management’s global investment strategist Tom Hainlin reportedly said that because the virus-related decline is unprecedented, they’re treating it with immense caution. Other experts — including Goldman Sachs chief U.S. equity strategist David Kostin and Former Federal Reserve Chair Janet Yellen, and head of U.S. rates trading at AmeriVet Securities Gregory Faranello — also spoke out about the coronavirus epidemic and its inevitable effect on the U.S. economy.
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Source: CNBC - 🏆 12. / 72 Read more »
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Source: CNBC - 🏆 12. / 72 Read more »
For investors shaken by Dow plunge, Warren Buffett's new advice on finding long-term market winnersIn his latest annual letter to Berkshire Hathaway shareholders, Warren Buffett made an implicit warning to the finance executives and managers who run corporate America: Now is the time to be investing profits in the business, while inflation is low. How is inflation low when everything is currently inflated? Warren Buffett is a jack ass
Source: CNBC - 🏆 12. / 72 Read more »
Coronavirus Has Finally Caught Up To The Stock Market, And Trump Is Reportedly ‘Furious’President Trump defended his administration’s handling of the crisis on Twitter during Tuesday night’s Democratic debate. theothersarahh Dejavu headline theothersarahh That just proves that even a monkey could have the same results if it was the president... theothersarahh The medicine to coronavirus is a smile
Source: Forbes - 🏆 394. / 53 Read more »
Donald Trump is furious about coronavirus-related stock market drops, blames CDC for spooking investors: reportThe president has informed his advisers not to make dire predictions about the financial impact of the virus, The Washington Post reported. Only a matter of time before he is spreading theories that China spread the virus deliberately to favour Democrats. Yep...he doesn't give a shit about no one past himself. LindseyGrahamSC I blame you for this monster.
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