Dow plunges 10% amid coronavirus fears for its worst day since the 1987 market crash

[Historic NY]

Source: CNBC

Stocks plummeted once again on Thursday after President Donald Trump and the Federal Reserve failed to quell concerns over the possible economic slowdown stemming from the coronavirus, leading to historic moves in U.S. markets.

The Dow Jones Industrial Average closed 2,352 points lower, or 10%. The index had its worst drop since the 1987 Black Monday market crash, when it collapsed by more than 22%.The S&P 500 plummeted 9.5%, joining the Dow in a bear market. The S&P 500 also hat its worst day since 1987. The Nasdaq Composite closed 9.4% lower.



Read more: https://www.cnbc.com/2020/03/11/futures-are-steady-wednesday-night-after-dow-closes-in-bear-market-traders-await-trump.html

[exboyfil]

1. Trump now owns #4 and #12 worst one day percentage drops in history

Making America Great Again. Returning to the halcyon days of 1929.

[doc03]

2. Every time Trump talks he drives the market

down bigly.

[doc03]

3. Well as of last night I was down $24000, Thanks Trump.

Today should make it about 35000. Trump shut the f---
up.

[riversedge]

9. I hope you and your family can manage the steep drop. I know others who

are in deep trouble. One wished he had kept his money in his mattress. He is spiting mad.

[doc03]

11. I think I have time to wait it out. I left it in the market

back in 2009 and it tripled the last 10 years. Every time a Republican gets in the Whitehouse that happens. A Democrat comes in and cleans up the mess.

[yaesu]

4. I know the markets are forward looking but I think even the market doesn't grasp the horrific

threat this virus poses to the economy. I think this is just the beginning of what could be a 50% market haircut. And like the movie It will hit fast & furious but the recovery after, bear markets recoveries especially can be very slow.

[SergeStorms]

14. Wait until they have to close the exchange.

It'll come, you know it will. Then what?

[yaesu]

16. and I was thinking the big rich tax break set this country up to running out of funds for times

just like this.

[SergeStorms]

18. Exactly.

Trump is like the anti-Robin Hood. He took everything from the the government, the people's government, and gave it to the rich.

What a worthless sack of rancid pus.

[IronLionZion]

5. People are quite literally sick of winning

and had enough of Trump's BS

[Totally Tunsie]

6. Ta Daa - He beat Obama again!

Chump has worst numbers since Black Monday! He has the biggest drops, the best drops; drops like you've never seen before!

Congratulations, Chumpie - You win again! (and the rest of us lose, as usual)

[denem]

7. So you win again

[riversedge]

8. whow. just whow. #TrumpCrash

[keithbvadu2]

10. Don't forget... The Trump Economy.

Don't forget... The Trump Economy.

[doc03]

12. It was all a giant bubble fueled by low interest rates

now with a crash there are no tools to get us out.

[keithbvadu2]

13. Purchased with debt.

[Lonestarblue]

15. Republicans cause recessions, Democrats get us out of them.

If Trump had collected a group of experts back in January to address the coronavirus when it was first reported (or was that December?), the market today might have more faith in the government response. What the market decline is saying is that investors and money managers have zero faith in Trump and his ability to manage this crisis. Ebola could have been so much worse, but Obama took quick steps to control it. Trump did nothing.

Why anyone who values a stable economy ever votes for a Republican is beyond me.

[Historic NY]

17. Stay tuned for tomorrow's episode, Panic on Wall St.a financial thriller.

Even after the FED coughed up a trillion.....

[durablend]

19. Futures sliding again

-325

[Yeehah]

20. Somehow.....

this is Obama's fault!!!!