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.
What's a bear market and why are stocks about to enter one?
US stocks are nearing a bear market, amid the coronavirus outbreak. This would be the first bear market since the financial crisis.
www.usatoday.com
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.