Millions of Americans can't afford food, rent and other basics, report finds

Re:Millions of Americans can't afford food, rent and other b... by bathtub365 on Tuesday April 28, 2020 @09:44PM (#23014368)

The DOW dropped almost 13% on March 16th. That's the biggest single day drop since 1987. How is that evidence of investors having steady hands? Multiple market volatility trading circuit breakers have been tripped since the crisis started. How is that evidence of investors having steady hands? All I see is an extremely complex system with the ability to be reactionary, irrational, and volatile.

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Re:Millions of Americans can't afford food, rent and other b... by flyinglizard on Wednesday April 29, 2020 @10:09AM (#23019398)

Single day drops are anecdotal. Overall drops in S&P500 are much lower, so far, then they were during the 2008 crisis. I’m saying “so far” because eventually the stock market will catch up to what’s happening outside. It’s just that in 2008 economic activity did not come to a halt like now and yet the stock market saw a larger impact.

I think that the sentiment today is that governments and central banks will not allow the market to collapse for as long as they can (a point which no one can really point at).

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