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Comic: Stocks Plunge Into Bear Market As Coronavirus Ends Historic Bull Run

ForexMar 12, 2020 07:22AM ET
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By Jesse Cohen

Investing.com - Wall Street’s wild yo-yo week continued on Thursday, with the major U.S. indices plunging into bear market territory, as mounting fears over the economic impact of the coronavirus rattled sentiment.

Thursday’s rout came after yet another volatile session on Wall Street, which saw the longest bull run in U.S. stock market history come to a shuddering halt.

The Dow ended its historic bull market run that began in March 2009 by closing in bear market territory, commonly defined as a 20% decline from a recent top.

The S&P 500 and Nasdaq joined the 30-stock blue-chip index in bear market territory on Thursday.

The latest selloff came in response to U.S. President Donald Trump’s decision to ban travel from Europe following a World Health Organization declaration that the coronavirus outbreak is now a pandemic.

He unveiled economic steps to counter the virus but his address from the Oval Office was light on medical measures beyond assurances that "the virus has no chance against us".

The highly infectious disease that shut down most of China for much of February is spreading rapidly in Europe and increasingly in the United States, disrupting many corners of life from education to sports, entertainment and dining.

To see more of Investing.com’s weekly comics, visit: http://www.investing.com/analysis/comics

-- Reuters contributed to this report

Comic: Stocks Plunge Into Bear Market As Coronavirus Ends Historic Bull Run
 

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Comments (8)
SMARTER EVERYDAY
SMARTER EVERYDAY Mar 13, 2020 6:26AM ET
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Politics *****🤔
Muhammed Shah Mia
Muhammed Shah Mia Mar 12, 2020 3:21PM ET
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Lol come on people... Trump shorts all stocks before he gives his speechs 🤣 money money money... I love his come back to the virus... Like the virus can differentiate between which country you are from 🤣
Leon Dame
Leon Dame Mar 12, 2020 3:21PM ET
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Yes richer first world nations that do not stack people upon themselves in bad living conditions typically fare better. Is this news to you?
Muhammed Shah Mia
Muhammed Shah Mia Mar 12, 2020 3:21PM ET
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What's news to me is you think the first world nations are faring better right now... Seems they are the ones that are in serious trouble and aren't people in New York stacked upon themselves???
Zen Warrior
Zen Warrior Mar 12, 2020 3:10PM ET
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And the end of his presidency!!! That what the Trumpsters get for voting in someone who doesn't know what he is doing. He can't even run a business let alone a country!!! Let's get rid of the bum!!!
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Kyle Mack
Kyle Mack Mar 12, 2020 3:10PM ET
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lol.
Simone Righi
Simone Righi Mar 12, 2020 3:10PM ET
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He seems to know how to run a business pretty well actually. And even if you get rid of Trump, the situation will not change much. The president does not have that much power in its role. The problems with Trump are others.
Zen Warrior
Zen Warrior Mar 12, 2020 3:10PM ET
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Clearly you drank the cool aid. It's never Trumps fault. Classic characteristics of a narcissist. There no hope for you either then. You will all see! His knows all he has to get re-elected is a strong stock market that keeps going up. That's all he cares about. Well guess what? The market won't replace two years of value by Novembet and by then he will be toast! Lol!
Donn Grigsby
Donn Grigsby Mar 12, 2020 3:10PM ET
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what other wizard do you suggest
Muhammed Shah Mia
Muhammed Shah Mia Mar 12, 2020 3:10PM ET
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Lol... There's no quick fix even if you Trump... Virus is causing issues... Either the world comes up with a vaccine or we all toast not just Trump... What's the point in worrying who is going to be re-elected if you can't go out and actually vote because of the virus... Lol human beings love the blame game... Best the world wakes up and figures out a way to stay safe and alive before they blame each other while going extinct 🤣 this won't be the next ice age this will be the *****Age...
JNUG Fiend
JNUG Fiend Mar 12, 2020 3:06PM ET
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They were looking for any reason in this election year to make the market crash and make Trump look bad...He still wins by the way and markets will rebound as they always do.
Teh Olympian
Teh Olympian Mar 12, 2020 3:06PM ET
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Trump derangement syndrome is strong here!
David Wilder
David Wilder Mar 12, 2020 3:06PM ET
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For some folks there is always a "mysterious they" who can "crash the market". Here's the truth...when millions of people AND major trading firms all decide to begin selling after 11 years of buying...and WHO declares Covid-19 a global pandemic...THIS creates a avalanche of "selling". And it does not matter if a Republican OR a Democratic President sits in the Oval. How Americans view Donald Trump and his Administration handling this...THAT is what will determine his re-election hopes...
Muhammed Shah Mia
Muhammed Shah Mia Mar 12, 2020 3:06PM ET
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David Wilder Now that's a proper comment well done 👍
Tyler Goulet
Tyler Goulet Mar 12, 2020 3:06PM ET
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"They" made the market crash and "They" somehow knew Trump wouldn't respond well? Do people really believe this? Mighty Trump the victim that can do no wrong? Use your heads people
Olivier Ve
lamborghinibull Mar 12, 2020 3:02PM ET
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stonks oly gow up
Mr Howell
Mr Howell Mar 12, 2020 3:02PM ET
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End of USD as global currency. Universal alternative required
Alicia Bornei
Alicia Bornei Mar 12, 2020 3:02PM ET
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where did that come from???
David Wilder
David Wilder Mar 12, 2020 3:02PM ET
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No. The $USD is still the "best house in a deteriorating currency neighborhood". Gold is an alternative. And even Bitcoin.
Hhthed Shshs
Hhthed Shshs Mar 12, 2020 8:27AM ET
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:*( that me :*(
Mike ND
Mike ND Mar 12, 2020 7:47AM ET
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That bear should have dictator Xi’s face on it.
Luis Toledo
Luis Toledo Mar 12, 2020 7:47AM ET
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More like an orange bloat with a Pinocchio nose.
Gerald Millington
Gerald Millington Mar 12, 2020 7:47AM ET
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Gerald Millington
Gerald Millington Mar 12, 2020 7:47AM ET
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Luis Toledo The Pres should man up and own this mess. Then again, I am not holding my breath for anything intelligent from him.
 
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