• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

Coronavirus fears trigger biggest one-day fall on US stock market

JacksinPA

JacksinPA

Supporting Member
DP Veteran
Monthly Donator
Joined
Dec 3, 2017
Messages
26,290
Reaction score
16,771
Gender
Male
Political Leaning
Progressive
404 | Guardian News & Media

DowFears over the spread of coronavirus have prompted a record plunge in the US stock market, as analysts warned the outbreak could wreak economic havoc on a scale not seen since the 2008 financial crisis.

The Dow Jones industrial average suffered its worst one-day fall – 1,190 points – losing 4.4%, as fears of a global pandemic hit investor confidence. plunges 1,190 points as analysts say virus could inflict as much damage as 2008 crisis\\
=======================================================
'You want your 401(k)? What's a 401(K)?
 
A giant buying opportunity! If you have some cash invest it now.
 
Common Sense 1 said:
A giant buying opportunity! If you have some cash invest it now.
Click to expand...

That's what you said last week. And the market kept crashing. You're just gonna keep saying it until the market recovers and then claim to have been correct. Also, it sounds like you're talking to a trailer park. Everyone "has some cash". When I see your post, I envision a barking snake oil salesman with a horse and buggy, and you're expecting people to start fishing around in their pockets.

So low class.
 
Last edited:
JacksinPA said:
404 | Guardian News & Media

DowFears over the spread of coronavirus have prompted a record plunge in the US stock market, as analysts warned the outbreak could wreak economic havoc on a scale not seen since the 2008 financial crisis.

The Dow Jones industrial average suffered its worst one-day fall – 1,190 points – losing 4.4%, as fears of a global pandemic hit investor confidence. plunges 1,190 points as analysts say virus could inflict as much damage as 2008 crisis\\
=======================================================
'You want your 401(k)? What's a 401(K)?
Click to expand...

There's something fundamentally off about the stock market. I think it's been on a tear upwards due to low Fed rates, borrowing, and overvaluation, and that could cause an overcorrection. It might also be a temporary dip. Downturns, historically, don't last more than a few years but it's also getting more and more difficult to sustain growth.
 
You must log in or register to reply here.
Back
Top Bottom