What's a bear market and why are stocks about to enter one?


Olde Hornet

Well-Known Member
What's a bear market and why are stocks about to enter one?


The record-long bull market, which for 11 years has dodged existential threats from trade wars to real wars, is now confronting a risk that it might not be able to overcome: the coronavirus.

A drumbeat of negative news about the spreading virus’ negative impact on the economy, which led to heavy selling and a trading halt early Monday after the broad market fell 7%, has put the U.S. stock market on the precipice of its first bear market since the financial crisis.

A bear market is defined as a drop of 20% or more from a prior closing high. At the Standard & Poor’s 500 low of 2,740.35 Monday morning, it was down 19% from its Feb. 19 record high of 3,386.15.
 

levarg

The Elite BRAVE
INO is back up aging and some other big pharma stocks after the trading bell this morning i day traded it for a 30% ROI now I’m done for the day i feel it will be back in the toilet soon
 
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