When the S&P 500 closed at a record on Feb. 19, American stocks seemed untouched by the anxiety around the coronavirus epidemic that had already rattled investors in other markets, including bonds, commodities and some foreign shares.
Nine days later, an unnerving reality has set in. The S&P 500 has just suffered its fastest-ever 10% decline from an all-time high. The Dow Jones Industrial Average is headed for its worst week since the start of the 2008 global financial crisis. Shares of manufacturers, banks and utilities...
Thank you WSJ for your calming report.
It is so much easier to lose money than gain
Some people were praying for a recession, I guess God has started answering them
Business school philosophy ensured transfer of manufacturing capabilities and now crash the stock market. Reality, sure one created on Harvard Yard.
Shit really does happen
Fear and emotion* took hold
This is what happens when you’re living in a FakePresident‘sWonderlandFantasy!WhenRealitySlapsYouInTheFaceAndYour4Oh1KGoesToShit!
Fear more than reality.....
Based on supply-chain concerns that were very clearly identified one month earlier. Proving that most investors don't really pay attention to anything, and are always surprised.
Have fun reporting the 🤖 bots on this thread. Sheesh who pays them all; I could use a few extra bucks.
instead of taxes figure out a way that they can financially and physically aide those left behind... ie proper housing, education, etc.
The press failing to report the plummeting death rates out of South Korea (down to half a percent - 13 out of 1022) as is common with more testing after early outbreaks. The gross recklessness of the press will be the big story after the smoke clears.
adegbiji
No - Fear took hold thanks to the fake news propaganda machine deciding this was the one way to take down Trump, destroy the economy and stock market! The democrats have said this out loud and repeatedly tried to destroy him with any means necessary - now they have a new way
This is craaaaaazy
I took a moderate hit. I've diversified a little. Will be buying again soon. Gold buffers me a little during these corrections. Love these downturns! Who doesn't like a good sale!
$3.4 Trillion in make believe money. Aren't you guys supposed to be the financial pros? You seem bad at this, bro.
Thanks to irresponsible hype of something that’s a fraction of seasonal flu
reality bites like a bat out of hell
Or the reality of Bernie sanders did
Yawn. A few less vacations for the 10% of Americans than own 80% of the market. Half of all Americans don’t own a stock. This is a problem of luxury, not middle working class Americans
You mean the media frenzy took hold
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Source: CNBC - 🏆 12. / 72 Read more »