U.S. stocks dropped sharply Wednesday as investors anxious about the economic fallout from the coronavirus pandemic endured another day of tumultuous trading.
The Dow Jones Industrial Average tumbled 1,465 points, or 5.9%, to 23553. That put it in a bear market—a decline of at least 20% from its recent high, set Feb. 12. The index needed to close below 23641.136 to end the current bull market, an extraordinary run of stock gains that began in 2009.
GunjanJS The market was inflated. This downturn really just gets it back in line with reality.
GunjanJS What’s the name of the reporting journalist
GunjanJS Let me guess it is called going down and in he future it will go back up. That is what it does. Economics 101.
GunjanJS
GunjanJS This is how.
GunjanJS Well I hear Jared Kushner has been tasked with determining what our national response to Convid19 should be some 4 weeks in. Maybe if trump gets him on this quickly he can fix this Bearmarket too?
GunjanJS Let the record that ewarren WAS NOT the reason behind the market crash. Allegedly the street thought that she was going to clip your pockets. It happened anyways.
GunjanJS Did you actually mean: 'The Dow's biggest bull BUBBLE has officially burst!?' A better question might be: Who and What is responsible for this inevitable catastrophe!?
GunjanJS
GunjanJS TristanTaylor88 TheeSkipper Julian_DDP chysimmons 👀
GunjanJS President realDonaldTrump's bungling of the Federal government's response to the coronavirus & his buddy Putin's attempt to use it for cover to destroy our shale oil industry has led us to into the 1st bear market since 2008. There's something Obama never did! TrumpBearMarket
GunjanJS 2016 election got us here...having an incompetent bullhorn running the country will do that
GunjanJS WOW
GunjanJS 1) Russia and Saudi Arabia decided to get into a pissing match about oil prices 2) MSM retards incited a giant panic about COVID19 WuhanVirus trying to blame a problem created by ChiComs on President Trump bearmarket
GunjanJS Brag about this, Trump. Idiot. No sane president crows about stock market gains because they know they will then have to own the drops, which always happen.
GunjanJS Markets respond positively to certainty, confidence and competence. Trump has demonstrated none of the above.
GunjanJS This sht shouldnt be called a BEAR MARKET...that sounds like it’s still doing good...ITS A SQUIRL MARKET, a RAT MARKET.....anything but BEAR
GunjanJS Longest bull run , Thank Obama 8 of those 11 years
GunjanJS And expressing ZERO confidence in our POTUS realDonaldTrump COVID19
GunjanJS This what happens when you have an incompetent con man in office who doesn’t know how to be a leader in a world crisis. He rode on the coattails of Obama’s successes and now those waves have crashed. His inaction and lies and massive failure to lead has contributed greatly to it
Kimmiemac21 GunjanJS Market has been dropping slowly for the last year. Sure a few peaks but overall it's been down.
GunjanJS Trumps grandest failure... I knew he would do it.
GunjanJS I guess we have Obama to thank for 8 of those 11 years. Too bad it took Trump only 3 years to ruin it. TrumpSlump
GunjanJS There's just a bubble of fear in the system.
GunjanJS How did we have such a long stretch of growth? well, after the big shots in the financial industry literally broke the global economy with a massive greed-driven fraud orgy, Pres. Obama and allies in congress stabilized markets and shepherded the economy back to strong growth
GunjanJS I would say thanks to printing money, low interest rates, more printing money and more printing money.... markets went up and politician did not made any reserves for bad times... here we are and is anybody shocked?
GunjanJS The greedy Wall Street, the comprised financial system.
GunjanJS Why is everyone blaming Trump? Very confused by that correlation.
GunjanJS Does this mean another recession? A recession session?
GunjanJS trumprecession
GunjanJS Where one markets bull run ends, another begins! XRP 0doubt xrpthestandard XRPCommunity
GunjanJS
GunjanJS Blame the Dondemic
GunjanJS How did we get here? We elected as POTUS the guy that bankrupts everything he touches! Duh!
GunjanJS a failed president
This uncertainty continues. Markets now in bear territory.
Couldn't happen to a better economy or more deserving public! ... I'm literally giddy watching this house of cards BURN TO THE GROUND.
Can you at least print some pictures of Hedge Fund guys crying? Anything to brighten the mood.
Nah
ButtockPennock Just keep offshoring jobs and using prison and illegal immigrant labor. That'll fix it in a jiffy-oh wait
Market down 20%.... Govt should provide payroll tax cut immediately.. Also Fed should give another 4 rate cut to revive economy.
Americans should be enraged by the lack of support by Congressional & Senate Democrats. Their lackluster efforts supporting the Presidents plans for Covid-19 containment is directly responsible for the sell off on Wall Street & affecting 401k plans & retirement strategies.
It was felled by the incompetency of this administration and lack of credibility, not the virus.
Congratulations to realDonaldTrump - you wanted to undo all of BarackObama‘s accomplishments, and now you’ve done it. DontheCon bearmarket
Felled by the knowledge POTUS’s denial and lack of planning means more dead Americans.
the best people, the smartest people, you won't even believe it
Trump's failure to deal with this escalating virus from the beginning. Trump's dismantling the CDC just because he hated Obama, lead to this point.
ALuizCosta Who is Mr. Bean pointing at?
Actually New York Times just said that the Coronavirus has been around since early January and the probability that many thousands of people have had it means that the death rate are miniscule!!!!!!!!!!!
$DECN
I hate China. We should boycott them.
Until The White House takes proactive steps Wall Street will reflect The government's inability to to change the coronavirus dynamic which is high volume infections and deaths,
If Trump thinks we may not need an economic stimulus, then we might not need $1.5 trillion in upaid tax cuts. Deficits matter. Trumpdemic
trump/his admin/GOP talking point - The Obama Administration put all the pieces in place back in 2009, for the bull market to end, when trump is POTUS
buyers market.
Don't worry guys! This is up-trend. The correction is ended. Time to buy (to make a long position) right now.
Who had Trump would tank the economy on their bingo card?
TrumpRecession begins.
here we go boys the bears have awoken lets short this market to oblivion
Just remember it’s not trumps fault in anyway
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Dow futures spike 700 points after historic sell-offFutures on the Dow Jones Industrial Average indicate a spike of more than 700 points at the opening. Wait for it.... We've seen this before... Called it. It appears that there are no plans yet and he just lied. But he lied. I believe he did it so that the market would spike and he'd have something to tweet about & brag at his MAGA rallies while blaming democrats for the crash. TheView That’s because the dumbass yesterday promised relief,
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