Welcome back, bears.The Dow retreated further on Thursday and has now pulled back 26% from its all-time high, crossing the threshold considered to officially trigger a bear market. The latest sell-off came after the World Health Organization declared the coronavirus outbreak a global pandemic and Trump addressed the virus in a speech in which he also announced a ban on most travel from Europe, without delivering the economic and medical response investors were hoping for.In a note to clients, Wedbush’s Daniel Ives reminds investors that as history has repeatedly shown, the many panics, fears, and sell-offs on account of different …read more
Source:: Yahoo Finance
