Stock-market expert says what many are thinking as Dow sheds 3,600 points in a week: ‘This market is not normal’
Published: Mar 1, 2020 4:54 p.m. ET
U.S. stock market heads for its worst week since 2008
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Lee said the oddities playing out in the market, including two and potentially three days of 1,000-point drops in the same week for the Dow Jones Industrial Average DJIA, -1.39% , signifies four things (though his tongue may be planted firmly in his cheek on the last item):
* A significant change in economic fundamentals * A significant increase in ‘risk’ to the fundamentals * The market’s financial plumbing is breaking down * A meteor or alien invasion to end global existence has been spotted but its arrival is unknown (or a virus pandemic)
3 years under an abnormal president is a long time for a market to strive to remain normal. It's showing signs of pressure and is possibly in need of government medicine.
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