Dow Blog

The Dow Jones average is a way for those unfamiliar with the stock market to see it's current status without having to manually look at the individual corporations. Looking at it now, well, it ain't lookin' too great. It hit it's ultimate low around March 23, compared to simply a month earlier, it dropped about 10,000. As of now, it sits at a relatively low 23-24K. If it was not obvious, this is caused by the coronavirus. The entire world is in a panic as of now, at least most of it, due to the pandemic, businesses that thrived off of people being outside are suffering, though most of the stock market crash is not due to the companies failing, but rather due to the number of people that believed the market would crash. The coronavirus was and still is, very threatening to investors, most of which are over or at the risky age. This causes them to be scared of the virus and sell all their stocks. Because of this, the stock market began to crash, as the pandemic got worse over the months, more and more people sold their shares. Causing the big crash from February 23rd to March 23rd. In my opinion, this will cause a huge dent in sovereignty, particularly for smaller countries unable to deal with the pandemic. People will begin to panic, and countries that cannot afford to lock down will suffer, people will die, and havoc will ensue. For the US, sovereignty is not such a huge issue, due to our economy and size, though this crash is huge, and will affect the economy of course. If this quarantine goes on for much longer, things may start to get really really bad. Though I have a feeling it might be lifted for non-essential facilities soon.

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