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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe Dow just logged its worst 2-day point slide in history -- here are 5 reasons
The Dow just logged its worst 2-day point slide in history here are 5 reasons the stock market is tanking and it isnt just the coronavirus
https://www.marketwatch.com/story/the-dow-just-logged-its-worst-2-day-point-slide-in-history-here-are-5-reasons-the-stock-market-is-tanking-and-it-isnt-just-the-coronavirus-2020-02-25
50 Shades Of Blue
(10,036 posts)C_U_L8R
(45,018 posts)Theres a lot of pessimism out there and job seekers are looking for safe landings.
Squinch
(50,993 posts)rates down.
This was a flashing red light before 2008.
meadowlander
(4,402 posts)Abnredleg
(670 posts)Going by the number of points the Dow slid is next to useless due to how its much its climbed over the past 10 years. As a percentage loss the past two days werent particularly bad.
empedocles
(15,751 posts)Even a 2700 hundred djia drop on Monday would not equal percentage/real value drop of the '87 drop.
democrattotheend
(11,605 posts)How could that be? I remember about a week or so when it was dropping 1,000 points a day. I remember one morning talking to my coworker and saying the Dow had fallen below 9,000, which was a misstatement - I meant to say 10,000. He said "phew, you scared me to death." Hours later, it was pretty close to falling below 9,000.
Warpy
(111,329 posts)to his fat cat pals only delayed it rich men and corporations alike buying stocks..
Add to that the loss of two major Asian markets to virtual shutdown as quarantines expand, and you've got a recipe for a steep, overdue correction.
Financial writers just never tell the truth.
If you've got a foot in the stock market, remember that panic is the worst reason to make any decision, especially a financial decision.
Wellstone ruled
(34,661 posts)That on item inflated the values of certain Stocks causing mega run up in their prices.
The one thing that screams out of balance is,the make up of the Index's. When you have a half dozen stocks running the averages,things are going to be way out of balance. No friggin way a Tesla is a 800 dollar stock,same for a Amazon or Google/Alphabet. When a Industrial Average is top heavy to over valued Tech Stocks,what could go wrong. Especially when we here in the States are 4 years behind our leading Competitor for A.I. and mass Machine Printing for parts and Components.
AJT
(5,240 posts)"The 2020 election
Uncertainty about the U.S. presidential elections outcome is also starting to drive markets, strategists and analysts argue. A number of them think that if Sen. Bernie Sanders, an independent from Vermont who characterizes himself as a democratic socialist, wins the Democratic presidential nomination, and possibly even the presidency, stocks would take a hit as he is perceived by some as an antibusiness candidate. The risk to U.S. stocks is pretty significant if Bernie gets the nomination, said Ed Moya, a senior market analyst with OANDA."