The New York Stock Exchange and the Dow Jones Industrial Average continue to plunge amid global coronavirus concerns, marking worst week for Wall Street since the financial crisis. Aired on 2/27/2020.
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Stock Market Plunges As Coronavirus Fears Grip Wall Street | Hallie Jackson | MSNBC
We don’t need business people flying all over the world right now..
@brobroant . I agree. These are small measures..
@snoop alert . Nobody wants open borders and I’m sick of saying it. You are a moron. Your president is a lying, traitorous criminal..
@Deborah Freedman . No they did not! They stopped admitted who it was and scapegoated the Amish! Go back to prager you Israeli propagandist..
@Frank King . No it wasn’t. The nyc news told the truth. Then there was violence, so they started focusing on the Amish people, who didn’t have it..
Quarantine yourselves
https://youtu.be/XJGzF5Rltzg
I did 2 years as a day trader. It’s a soul crushing job that I do not recommend. However I did learn some things…
Think of the stock market as a dance. Think of anyone who can trade 100k or more per day as the elephants. The elephants like to dance.
The average investor is a mouse. They will never affect the price of a stock.
Now as a mouse you can dance with the elephants but if the song turns sad the elephants will head for the door. You better be out 1st or you’re going to be stepped on.
Based on the recent spike in volume of trades… it’s safe to say the elephants are on the move.
@Sherry Sherry you aren’t godly..so stop it. You’re having a fantasy.
@Farhad Kazemi you have pictures of them in compromising situations.
@Farhad Kazemi
Compare the number of “puts” (offers to sell) to the number of “buys” (offers to buy).
If the puts are higher than the buys the stock is probably going down.
Beautiful analogy.
Yeah right lol inducing panic much? Gold is where it’s at
Long NAK, America’s sleeping giant!
The markets down, but yet the thumbnail shows everyones happy and cheering….
@tari813 too bad average working american don’t have much disposable income to invest thanks to the new tax laws for the wealthy trump pushed through for his swamp buddies.
@Anthony There are penalties involved.
@Missnewcooty L0oty Only thing trump has going for him is a good economy to get re-elected, no achievements of his own he did not steal from others. Poetic Justice.
You make money going down if you’re smart… and lucky
Just goes to show relying on the stock market solely as an indicator of economic health is for chumps
@Mark Jones now tell us what Obama’s was. I already know. And adjust for Obama’s devaluation of the dollar during his money printing marathon. Gas was 4.75 regular unleaded in Washington state. After all that lets talk about how much more we were taking home at the end of the year after taxes. Obama’s taxes vs. Trumps taxes.
@Cat Tracks yeah Clinton was great. Made a lot of money during his presidency. Wish it was like that now.
@Mariano Alvarezyour “several economists” doesn’t cut it. They are likely nothing more than apologists for the well proven, but still cherished by republicans’ disaster aka,”the trickle down theory”.
And “recession” is a bit of a downplay, don’t you think? In reality it was a meltdown of a deregulated, corrupt banking system. You can deny President Obama credit for the recovery, if you feel the need to. But let’s not ignore who it was that created the disaster in the first place; and to turn around and credit trump for this arguably lukewarm economy, bolstered at the publics expense by the huge increase in debt that he has so generously dropped in our lap?
Thanks, but no thanks. I’ll pass on your “several economists” opinions.
@James Hall it’s funny how you disregard economist’s opinions. Yet, your only response is it’s “well proven”. That’s not cutting it for me. Two can play that silly game. The fact of the matter is that you didn’t even bother trying to refute my point about progress in a recession vs. An already booming economy.
And to the point about history. You can slam our economic systems if you wish but we have built and continue to lead the world in many forms of research and development. American industrialism changed the face of the planet.
Company CEOs who stepped down yesterday:
– Disney
– Mastercard
– Uber Eats
– Salesforce
– MGM
Market crashing. Golden parachutes deployed, they need to leave the company before they can short sell. This is why they outsourced and hired H1Bs while cutting other costs. Executives are sociopaths.
DairangerSentai7 Apparently I’m being censored again by YouTube NZ. And as for reputable that is a reputable newspaper just not from NZ. Google it yourself I’m not interested in proving a point. If you doubt my comment that’s ok with me.
@tj gill Sorry it took me so long to get back to you because I was off the computer. Goldman Sachs has said they’re corporate profit will be wiped out to zero due to the coronavirus and the stock market dropping. They are dumping stocks.
@Kiwi Newz I don’t doubt you bro, I just wanted to to know where the reliable sources are.
@Mickey Rosa Lost alot in 401k. Not good. Was close to cashing in and paying of house
Investigate this 5 C E,O ……! We smells. Something. LOL.
I’d be curious to see China’s trading activity right now.
@MIchael Belt vote for Bloomberg that’s where all his money is invested
@MIchael Belt sun Tzu would be proud
@Teddy Carr Yeah, most don’t realize that’s why our military is so kick butt. I was one of the first professional soldiers in the 1980’s to go thru the 3,000 year old training which is more applicable than all of my college education.
Investors from around the world are going to start soaking them up. Now China will be owned by everyone else.
@PK Cazadores I’m not sure how a 5,000 year institution will absorbed by different johnny-come- latelys,
My non-existant stocks will be just fine
Beeyay Baracas PSA: This guy has zero knowledge of economics.
*This has been your PSA reddit bot you can vote for your favorite bot at r/redditbots*
@Rene Curry It’s only a loss on paper, not really a loss until you sell or move the money. Short term losses are part of investing, if you can’t handle the ups and downs, best to stay out all together.
Hahah 💯
@john abbot You guess but I know for a fact your no good at guessing
*This is globalism.*
The upside of being self-employed and dirt poor. Wall street could completely tank, doesn’t change my day to day. Same goes for a dramatic rise.
@SierraPhantom wealthy individuals generally do have a lot of money in th ed market, so they will become somewhat less wealthy (as happened in ’07-’09) but you’re right that they won’t get soaked. Now that teacher’s pension fund, Joe 6-pack’s 401k, or Joe Jr.’s 529 college savings, OTOH…
These resentful posts about wealthy people are by people who aren’t yet old enough to be part of the bourgeoisie like me and maybe you. We were the ones Marx really hated.
Tyson Konken people spend when they are flush, you won’t be in business long without customers. Ignorant thing to say
thomas seven you don’t know what you’re talking about
It does when the government uses your tax money to bail them out again…thanks Obummer
Tyson Konken it still affects consumer prices and the overall value of your currency
When china shuts down, the products stop being produced. Domino effect to rest of world.
@Pacemaker206 American cars aren’t made in America stupid, that’s why Detroit sucks now. And honestly, if you dont even know that, I’d suggest you go read a book.
@Pacemaker206 That’s ridiculous. We export a lot of durable goods and half of the world’s software patents are from the United States. We can be self-sufficient if necessary and most countries like China could never pretend to be.
@Mike Frings actually china has a bigger population and would be better off America is extra money for them they have so many people they can afford to manfacture in china America cant afford workers to produce that many apple product nor microsoft,nike because tbey would be forced to pay workers minimum wage and you need alot of peolle to work under minimum wage to make it both profitble for companies and affordable to consumers
@Pacemaker206 China has extremely limited natural resources and not enough resources to feed the population it has. If the west stops buying Chinese goods, China will starve. It would survive, but many people will not.
As for the rest of your comments, the United states not only has a history of outpacing the rest of the world in terms of it’s own needs, it has also supplied other countries in desperate times like Ww2. We have a capable and well- equipped manufacturing base that literally taught the Chinese, Taiwanese, Japanese, and Mexicans most of what they know, and in China’s case- still struggle to perfect.
@Mike Frings China profit is dominant in export while US is inport and china and all the other asian lands definetley would cripple Americas economy China would still be succesful because they also sell goods mainly kn electronics and cloths to South America and African countries and other european countries aswell add Australian, inda,
Stock Market:The sky is falling!!!
Average Citizen: Doesn’t affect me in the least…
#RichPeopleProblems
Jason Coomer I have nothing to lose
Some of the stocks for the biggest companies are like $100.00. And that’s mid tier expensive. Ford was 9.00 before this fall and now you can buy it at 7.20.
If you aren’t a complete failure you should have some income that you can use to invest instead of buying soda or snacks. You choose to be poor.
If you are an average person investing the money you have earned into a system manipulated by the ultra wealthy with a clear insider advantage,a rethinking of your position is needed….invest in what YOU can control…
@Jamal BBCLife If one in the US chose or couldn’t move upward, capitalism would surely see they’d have no chance of leaving.
They were over inflated by stock buybacks after the tax cuts anyway.
@David Gilmour You sound triggered. Did you knock your sister up again?
When do the taxpayer funded bailouts for Wall Street golden parachutes start again?
@OUdaveguy
oh gawd I hope not! IF that happens I think it would REALLY be the nail on the coffin. more worse then the recession and longer to get out of. but then again idk sh*t so…
Well said. It was (& is) overdue to crash.
* clenches pearls * heavens me, my stocks!?! My precious, precious DOW 😭
“But we were so poor that we couldn’t tell” 🎵
-Alabama
Alabama the band or alabama the state lmao
@Orion Cooper
The band! Song of the South!
I’m sure Alabama, the band, has a larger GDP than the state of Alabama😂
either way, they’re fkn their sisters
Oh, Oh, rich just might get poorer, now what, do they go crying to the fed for more free money?
Funny real funny. You’re going loose your job.
angela thomas but what will he do if he tightens it?
The economy doesn’t measure how the wealthy elites do well. It measures how the ordinary citizen’s buying power. Stock buyback is only a temporary solitution. In the long run, its gonna crumble like pieces of Jenga.
all markets peak…
Yup we have been in a over inflated stock market for a long time now but I don’t think its reached it peak just quit yet.
Me who just has learned about the Great Depression 😨
Great Depression, you’re getting way ahead of yourself. In all likelihood this correction won’t even get to the 2008 “great recession” level. I think you need to study the Great Depression some more.
The markets plunges! But why is everybody smiling ? 🤔
I said it before and I will say it again: The stock market is one huge cesspool. Just sayin’.
I had 14 dollars in my bank account before the Coronavirus and i still have 14 dollars after so i am doing pretty good.