"Subprime is contained." – 2007
"Coronavirus is contained." – 2020
— Eddy Elfenbein (@EddyElfenbein) February 25, 2020
The S&P 500 has gone from an all-time high to a 2-month low in less than a week. The only times in 30 years it has done this were Feb and Jul 2007.
Stocks jumped at least 5% at some point over the next few months both times before, you know, tumbling into the abyss.
— SentimenTrader (@sentimentrader) February 25, 2020
I can’t take a global economic meltdown from a virus seriously if Tesla still has a $146 billion marketcap
— GreekFire23 (@GreekFire23) February 25, 2020
$MA getting hammered on Revenue warning. Global Consumer Spending.
— PlungeProtectionTeam (@gamesblazer06) February 25, 2020
there it is, everyone
*U.S. 10-YEAR YIELD FALLS TO RECORD LOW 1.3171% pic.twitter.com/BXNpXPnKyK
— Brian Chappatta (@BChappatta) February 25, 2020
yearly gains gone pic.twitter.com/diLT5PSl5w
— M/I_Investments (@MI_Investments) February 25, 2020
The U.S. now has the 6th most confirmed cases of COVID-19 outside of China/HK/Macau:
#1. South Korea, 977
#2. Italy, 283
#3. Japan, 160
#4. Iran, 95
#5. Singapore, 91
#6. USA, 53 t.co/56uDORZTE7
— Brian McMahon (@mcmahonb) February 25, 2020
— Invariant Perspective (@InvariantPersp1) February 25, 2020
The ghastly prospect that the coronavirus outbreak could become the first truly disruptive pandemic of the globalization era is renewing doubts over the stability of the world economy.
The coronavirus outbreak that’s shuttered commerce across China will likely become a global pandemic, a top U.S. health official said Tuesday, adding that it’s just a matter of time before the outbreak starts spreading in the U.S.
“We are asking the American public to work with us to prepare in the expectation that this could be bad,” Dr. Nancy Messonnier
The Centers for Disease Control and Prevention outlined Tuesday what schools and businesses will likely need to do if the COVID-19 virus becomes an epidemic outbreak in the U.S.