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This was just added to the top of Bloomberg's article: Some potentially soothing comments here from Brad McMillan, chief investment officer at Commonwealth Fin
by MilnerRoute 4y ago
This was just added to the top of Bloomberg's article:
Some potentially soothing comments here from Brad McMillan, chief investment officer at Commonwealth Financial Network.
"This situation is something to keep an eye on, but it is not the start of the next financial crisis. Unlike in 2008, the government has stepped in early and stepped in hard. While we can certainly expect market turbulence — and we are seeing it this morning — the systemic effects will be limited. We are not set for a rerun of the Great Financial Crisis. This is not the end of the world."
Right this second, the S&P 500 is actually up by a very small amount.
- Grimburger 4y ago> Right this second, the S&P 500 is actually up by a very small amount. Sounds familiar: https://imgur.com/a/LA5TePE https://imgur.com/a/LA5TePE Also ignores the OP headline, stocks can't go down if they are in a trading halt.
- deleted 4y ago[deleted]
- cced 4y ago> This is not the end of the world. Someone hasn't been following @Jason's Tweet fest this weekend.