Mon March 16 sees stock market largest crash since 1987 despite Fed intervention

Mon March 16 sees stock market largest crash since 1987 despite Fed intervention

Wall Street experienced its worst day since 1987 despite the emergency rate cut by the Federal Reserve on Sunday March 15. The already heavy drops increased after Donald Trump’s new statements about the spread of the coronavirus. S&P closed down 12.0 % and Dow Jones was down 12.9%.

Viktor
Viktor
Lenwë
Lenwë 2 weeks

Cant wait for CNN to blame Trump for this

AbsentSal
AbsentSal 2 weeks

this is why andrew jackson wanted the federal reserve abolished for good

Kevin McAlpin
Kevin McAlpin 2 weeks

but I thought Trump knew how to run a business??

Josh
Josh 2 weeks

It will recover and I will be loving all the money I’m gonna make on stocks and crypto I buy this month. Leave the fed out of it ffs.

David B
David B 2 weeks

The one good thing about all of this is that it will highlight how fragile a system built on greed is.

Manuel
Manuel 2 weeks

But Trump said everything is great and we are doing great!?

I Am Grug
I Am Grug 2 weeks

“Oh it’s just the flu you’re all so paranoid!”-Users one month ago

The Facts Provider
The Facts Provider 2 weeks

If this happened under Obama, Trump would have Twittered the shit out of it!

Werli
Werli 2 weeks

I just bought an $8 short on a stock and it went up to $120 this morning. eaaasy money lmao

Daddy Tito
Daddy Tito 2 weeks

This is definitely the fault of my political opponents and not the Chinese virus spreading across the world.

Young Conservative
Young Conservative 2 weeks

Lmao the Dems in the comments trying to attack Trump for this, imagine republicans blaming Obama for Ebola or H1N1. That's how stupid you all sound right now...

cam s
cam s 2 weeks

and idiots will blame trump

Herbie Goes Bananas
Herbie Goes Bananas 2 weeks

Just a few weeks ago, when the economy was soaring, lefties far and wide made the correct claim that the stock market is not the only metric of a healthy economy. Suddenly, to them, it's the only metric. Dumb asses. This will blow over and the economy will recover. It's not the end of the world. Just the end of globalism.

redhandsbluefaces
redhandsbluefaces 2 weeks

Those blaming Trump clearly have no idea how the stock market works.

Dr.PhilNGood
Dr.PhilNGood 2 weeks

next stop, the US dollar dropped from the worlds currency.

CoLpOeSnED
CoLpOeSnED 2 weeks

tired of winning

Nicholas Noel
Nicholas Noel 2 weeks

Apparently people havent heard about the virus going around. Or are you going to blame Trump on that too?

J3
J3 2 weeks

The Federal Reserved is a private entity with private interest. Not our best interests. Should be abolish for the best of the nation.

Barry
Barry 2 weeks

there hasn't been much actually holding the stock market up. it only takes something like this to knock it all down

Grand Ol Propaganda
Grand Ol Propaganda 2 weeks

MAGA!!!!! LOOK AT THE STOCK MARKET!!!! THROUGH THE ROOF!!! ALL THE WAY TO THE BASEMENT!!!!! 🤣🤣🤣🤣

Top in Business
Get the App