Market crashed wildly due to Coronavirus. What exactly happened?
More than half of the global population doesn’t know how to swim though it is a life skill, according to a report. That’s a problem but there’s more to it. It has been scientifically proven that more than the deep waters, it’s the panic that kills people. Whenever a person gets stuck in water and has no other option but to swim, in most of the cases it so happens that the person starts panicking and assuming that he/she will die. Because of this, the person reduces his chance of survival and dies.
This shows how important sentiment could be. Sentiment is one of the most prominent factors that led to the recent stock market crash. Not in the long term, but sentiment does affect the market in the short term. And that extent has been shown in the recent market crash. That sentiment could be compared with the panic that we mentioned earlier.
about 14 days ago