Dow tumbles more than 2,000 points, marks worst day since 2008 as coronavirus fears rock stocks

[turbinetree]

Source: Market Watch

Published: March 9, 2020 at 4:44 p.m. ET
By Mark DeCambre and William Watts
S&P 500 falls more than 7%

Read more: https://www.marketwatch.com/story/us-stock-futures-tumble-on-fears-of-oil-price-war-2020-03-08?mod=home-page

---

[marble falls]

1. Thankyou Mr Trump!

[IronLionZion]

2. Stable genius

isn't good enough. America wants competent leadership to get us through crisis.

Link to tweet

[PuffedMica]

3. Is the Stock Market experiencing the Trump landslide we have been hearing about?

[Warpy]

4. It's a perfect storm

Overdue correction delayed by ruinous tax cut, check

Serious viral outbreak, check.

Russia upsetting the oil market, check.

Worldwide referendum on Dipshit Donnie? Quiet possibly.

[JustABozoOnThisBus]

7. I think it's Saudi Arabia upsetting the oil market.

MBS is pissed at Putin.

Putin, however is out of reach of the Crown Prince's bonesaw gang.

So, mess with the oil supply. Oil is Russia's big source of cash.

[customerserviceguy]

8. Yep

the oil thing is the main driver of today's stock market taking a dump.

Oil is deeply woven into the world's economic fabric, and unexpected events regarding it have massive effects. Another good reason to move to a post-fossil fuels world.

[JustABozoOnThisBus]

9. It was a few things, as Warpy noted. Odd thing about oil prices: ...

... if the price of oil falls, the economy suffers. If the price of oil goes up, the economy suffers. There's a sweet spot. But, when a nutcase like MBS gets into a snit, he can affect the world economy.

I'm sure MBS is still walking around with that sh*t-eating grin on his face. He's a happy psycho.

[doc03]

5. Well we won't hear the Orange one bragging about

the markets. I am sure Obama is causing this.

[defacto7]

6. Here's a coincidence....

We are at the lowest level of the 11 year solar activity cycle #24. IOW no sunspots... stock market crashing.

The last solar minimum cycle #23 was 2008-9. Stock market crash.

The solar minimum of the previous cycle #22 was 1997. Guess what happened?

[Turbineguy]

10. I've been keeping a spreadsheet since 2006

In 2008 I had 5 days worse than today. This has been the worst day since then.

[stopwastingmymoney]

11. My account is off 20% from two weeks ago

Don’t sell anyone, sit tight, it will come back eventually

I do wish I had sold Tesla when it was 900, oh well

[totodeinhere]

12. This is what is so scary. Even if most people recover from the virus if this wrecks our economy we

may all suffer whether we get sick or not. And with that idiot in charge we do not have competent leadership capable of dealing with it. God help us all.