The market bleeding continues…
We ARE headed for the recession that some of us thought WAS coming….
We are being hit by a virus and a economic bottom fall out…
And the country has NO leadership from a clueless President Trump…
The stock market extended its relentless, breathtaking drop Thursday — moving deeper into bear territory — with major U.S. indexes sinking as much as 8%. Stocks fell so fast, it triggered a 15-minute halt in trading for the second time this week.
The Dow Jones Industrial Average plunged more than 1,900 points, or 8%. The S&P 500 and the Nasdaq were each down about 7%.
Those indexes are now down at least 24% from record highs set just last month.
The market tumble came hours after President Trump announced a 30-day ban on travel from European countries (but not the United Kingdom) to the United States.
Trump said it was an effort to stem the spread of the coronavirus, but the move caused confusion on both sides of the Atlantic and drew skepticism from several health experts. And it was also another blow to airlines, hotels and tourist attractions that have already taken a beating.
Thursday’s stock market drop followed a nearly 6% percent plunge in the Dow on Wednesday, when the blue chip index entered a bear market, defined as falling 20% from its peak. The S&P 500 is now also in a bear market, ending an 11-year winning streak….