Fear grips Wall Street: Dow sinks another 800 points

[turbinetree]

Source: CNN Business

By David Goldman, CNN Business

Updated 9:32 AM ET, Fri March 6, 2020

New York (CNN Business)This week's wild see-saw ride for stocks looks like it will end on a down note. The Dow is tumbling once again as Wall Street returns to coronavirus fear-mode.

The Dow (INDU) opened 800 points lower. The S&P 500 (SPX) was down 3% and the Nasdaq (COMP) dropped 3%. Thursday's trading session was just as brutal.
As stocks tumbled, CNN Business' Fear and Greed Index remained in "extreme fear" territory. The VIX volatility index soared another 23% to its highest level since exactly 11 years ago -- March 6, 2009, the day the financial crisis bear market reached its nadir. The Dow briefly fell below 6,500 points that day. On Friday, the Dow opened just above 25,000 points.
Investors poured money into safe-haven assets: US Treasury bond buying skyrocketed, and the 10-year yield fell below 0.7% to a new record low. Gold is up more than 1% and pushing $1,700 an ounce. The Japanese yen strengthened once again, gaining nearly 1% against the dollar Friday.



Read more: https://www.cnn.com/2020/03/06/investing/dow-stock-market-today/index.html

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This is what happens when you a megalomaniac, narcissistic, sexual predator running the government with lackey's that enable a traitor from his fascists party of hypocrites, that thinks he is running a fucking golf course and swindling people is part of being normal and thinks that he is a and knows all, and that being a doctor he can forecast that virus is just a Democratic hoax, and will be over in warm weather, and one of his parties lackeys went into the peoples house wearing a fucking gas mask................because he is really a troll, trying to score political points, and then you have another troll in the senate, a libertarian POS trying to place amendments on a bill to deny funding to get solutions to this issue....................so what else could possibly go wrong wait until noon when the sexual predator speaks with his arms crossed over his chest, bloviating like a traitor that he is, and then he goes to his trolls rallies and tells the idiots that he is going to cut medicare AND social security............the same idiots that are some cases collecting there own money they put in..................... ....................

[yaesu]

1. but, but, but the jobs report.....its YUGE!

[hlthe2b]

2. Markets & Economy now the "Trump Dump"

[llmart]

3. The only "economy" that bloviating idiot cares about is his and his grifting family.

Ever since day one, he and they have had their grimy hands in our taxpayers' monies to enrich themselves as much as they can before they get booted out of our White House.

[IronLionZion]

4. That emergency rate cut is working out so bigly

Donny and his team of unqualified loyal cronies have no idea what they're doing. Investors know that this country needs new leadership.