COVID-19 (the Coronavirus) has exacted a devastating toll on the world in both health and economic terms. It has devastated economies – halting entire industries and putting countless workers on hiatus or out of work entirely. In the span of a little more than the month, the stock market has shed more than a third […]
Monthly Archives: March 2020
19
Mar
Mar
The Dow closed below 20,000 for the first time since January 20th, 2017, the day President Trump was inaugurated. After setting a closing record of 29,551.42 on February 12th of this year, it has since lost every gain since Inauguration Day on fears of the COVID-19 (Coronavirus) pandemic – closing at 19,898.92 as of the […]
13
Mar
Mar
As coronavirus fears spread, countries the world over are feeling its effects. Among the countries hardest hit so far are China, South Korea, Iran, and Italy. To stop the spread of the virus, many countries with the U.S. leading the way, have imposed travel restrictions the world over – with obvious and a not so […]
03
Mar
Mar
The Dow dove more than 3,600 points this past week on Coronavirus fears. The problem is it wasn’t the actual economic effect of the virus that drove the plunge, but the fear of its impact – fueled by hysterics and fear-mongering pedaled on social media and the news. Last week’s stock market volatility was unprecedented, […]