Name: What does coronavirus mean for the stock market?
Uploaded: 2020-03-04T03:50:28.000Z
Duration: 3 min 21 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

What it means is that the stock market is down more than 10%

It's hard to remember now with all this sea

However, I think it's important to keep in mind --

you know, as everything is crumbling around us.

It's happened seven times during the last 10 years.

So, it's not unusual to have something like this happen.

that we've had for the last 10 years would suddenly be over,

but we are not in that kind of situation yet.

Really, there's two key things going on here.

Number one is obvious, and that is this coronavirus.

Nobody really has a good handle on how long this is gonna last,

how many people are going to be impacted,

The second thing that's important to remember

is most analysts would tell you the stock market

was really highly priced, probably overpriced,

that the stock market was already overvalued.

Somebody on Wall Street told me, you know,

hovering over the sell button heading into the new year,"

and on top of that, we now have this massive uncertainty.

People don't understand how it's going to impact

companies and corporate profits, and the big concern here

So, how likely is the US economy to toppling into a recession?

About a month ago, before we really knew this coronavirus,

the recession fear was about 20% probability.

In a year, you know, when there's no risk,

it's about a 15% to 20% probability of a recession.

Today, that has crept up to more like 30% to 40%,

so we're a good bit higher than we were a month ago

But notice that people haven't crossed the 50% mark.

It's not a surety that we will go into a recession.

but then a pretty strong rebound in the summer

but obviously, we'll know more as things go along.

so six straight months of negative activity.

So far, we haven't seen any signs that the United States

has had a negative month, let alone a negative quarter.

So, we're coming into this in about as good of a place

and we'll just have to see how long it lasts.