General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDOW is already down 1000 points this morning.
Wonder what will happen on Monday.
Maeve
(42,871 posts)Don't it just make you
C_U_L8R
(45,559 posts)This orange fool is only making things worse
Thomas Hurt
(13,925 posts)RedSpartan
(1,748 posts)Even if the virus doesn't spread much in the U.S., it's still all over the rest of the world, especially China, which impacts the global supply chain for most economies and, thus, the ability to manufacture things (for production economies) and with that the availability of things to buy (for consumer economies). No amount of tax cuts or lowering interest rates can fix that problem and if the virus isn't brought under control very quickly, that problem will just continue to extend itself. This has the potential to get much worse before it starts getting better.
empedocles
(15,751 posts)Significantly, the Shanghai index, which had been holding steadily [and suspiciously], finally broke down with a decisive 3%+ downward move. This is a worldwide move.
[As for Monday, or next week, a bounceback should be expected. However, we have a strong, downward trend which is unlikely to reverse anytime soon. Corona virus, overinflated bubbles in a lot of places, the trump diseases, etc., all point downward for awhile, imo].