Market Experts Say the Coronavirus Selloff Is ‘Worse Than Anything We’ve Seen Since 1929.’ Here’s How Bad It Could Get.

Barrons ^ | March 21, 2020 | Lauren R. Rubin

[Bon mots]

Click here to read the entire article

[Bon mots]

So where do you think the bottom is? If this ends up as bad as 2007-2009 we could see the S&P hit 1650 or so - roughly 50% off from its peak.

This crisis is very different than the last in a couple of ways:

• 2007-2009 was a US financial crisis; this is a global macroeconomic crisis spawned by a pandemic health emergency
• The 2007-2009 bear market lasted about 18 months...
• We are about to see unprecedented unemployment numbers - many of those our most vulnerable folks

[Bon mots]

A Bearish 'Death Cross' has appeared in the DOW's chart...

[conservativepoet]

Calm

[Ann Archy]

WAY WORSE THAN 1929! We are now shown to be SNOWFLAKE SCAREDY CATS!! And TOTALLY controlled by a handful of Governors and Mayors!!

[Fresh Wind]

“Here’s how bad it could get”

Clickbait.

[Vision]

Find this hard to believe considering many stocks aren't even bargains yet.

[rexthecat]

WAY WORSE THAN 1929! We are now shown to be SNOWFLAKE SCAREDY CATS!! And TOTALLY controlled by a handful of Governors and Mayors!!

You should be scared. It's real Ann. You'll see.

[Ouchthatonehurt]

The US was the best game in town before the pandemic.
It will be even better when this is managed.
Stay calm.

[Bon mots]

Just some info for my fellow FReepers...

If the market continues to slide until the S&P hits 2007-2009 levels on a percentage-wise basis, this is where the SPXS can go...

Since it's at $26.05 today, there is still room to make some gains - unless some miracle happens...

Personally, I fear that there is more bad news ahead as unemployment numbers come out. They will be frightening and unprecedented in our lifetime.

Possibly a last chance to recover some of your 401k... however, don't bet your grocery money on this. It is a triple short ETF - so for every 10% the S&P falls, this thing goes up 30%... as in the table.

[joe fonebone]

Keep in mind that within 7 months of the’29 crash the market had regained 80 percent of it’s pre crash value

[dp0622]

I can’t tell you how many times that that’s cross has turned around within a week in all the years I’ve traded.

It’s one tool out of dozens. Anybody who lived or died by it is a schmuck

[kevao]

It’s not a loss until you sell.

[Ann Archy]

I am SCARED for our country's future!! The DEMS and China, Saudi Arabia and Russian are all working hand in hand to bring us down!!

We are an IMMORAL country with 60 MILLION DEAD BABIES.... GAY MARRIAGE.....TRANSGENDERED CHILDREN....I guess we will get what we get what we deserve.

[dp0622]

How dare you post positive news

[Democrats hate too much]

People need to put the masks on and go back to work. If you are really old, ok stay at home while we make sure you have equity in your retirement account.

[ealgeone]

I'mh hoping this mess is over in about 8 weeks...would like sooner of course.

When the cases start dropping I predict we're going to see some serious economic growth.

There will be pent up demand to eating out, regular shopping, travel, etc.

By the end of summer the economy should be back to a sense of normalcy.

I hope.

[dp0622]

Nobody who isn’t a very very experienced trader should be trading something that moves at three times the pace of the underlying market or commodity. You’re a fool to give people that advice

Anyone reading this please, please ignore him.

[SkyDancer]

The MSM lamebrains started the hysteria.

[Professional]

Folks, I’ve been an Adviser for 28 yrs, was a rep for WAMU when it failed. I’ve had a clientele as big as 1200 households.

DO NOT FALL FOR THIS SCAREMONGERING SHIT!!!!!!!!!!!!!!!

[kevao]

Nobody who isn’t a very very experienced trader should be trading something that moves at three times the pace of the underlying market or commodity.

Nor should they get involved in "shorting."