DAILY FLUCTUATIONS IN THE S&P 500 THE CORONAVIRUS CORRECTION The Wall Street Journal ran a front-page story on Feb. 18 about a group of financial advisors who were updating their vanity license plates to reflect the surging stock market. The image at the top of the article shows a guy in an orange sweater and sunglasses leaning against his BMW 530i. The license plate reads “DOW40K.” A week earlier, the Dow Jones Industrial Average closed at 29,551 — its all-time high. A month earlier, the International Monetary Fund predicted that the global economy was poised for a modest rebound, after...
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John J. Maxfield is a contributor for Bank Director magazine.