3 market-panic signals point to global coronavirus recession
Posted on AllSides March 9th, 2020
From The Left
Investors look at a number of signals to forecast if the economy is headed for a recession. And those signals are now flashing bright red.
The clearest signal is coming from the stock market. The Dow dropped 1,800 points in early trading Monday — a 7% decline on top of the nearly 12% decline since it hit a record high on February 19. The latest slump put the Dow close to "bear market" territory, or when stocks sink at least 20% from their previous peak.
Just a few weeks...