Talk:2020 stock market crash

Inaccurate line comparing 2008 market crash to todays market

The below line in paragraph 2 should be changed as it is not accurate (line in bold):

Line in question: "Despite a temporary rally on 13 March (with markets posting their best day since 2008), all three Wall Street indexes fell more than 12% when markets re-opened on 16 March.[16][17]"

The markets did not post their best day since 2008. This should be removed. Krisb1220 (talk) 00:30, 28 March 2020 (UTC)

 Already done As far as I can see this has been removed. Goldsztajn (talk) 18:26, 30 March 2020 (UTC)

Graph

I've been maintaining File:Stock market crash (2020).svg (which is used at the top of the article), however I'd decided that I'd only update it when it hit new overall lows. With that limitation in mind, it's been some time since the graph has been updated, so I was wondering if anyone felt the graph should be updated so long as there are still periods where we have big drops, or if I should stick to only updating when it's hits new lows. Feel free to !vote below, or add new choices if you have a better idea, but here are the two choices I can think of:

• Update only on new lows – only update when we hit new lows deeper than any already recorded
• Update for weeks with volatility – update during volatile weeks where we see drops (1% or more?) and increases

I'm leaning towards the 2nd choice, which means I'd update it through this week. Thank you for your input! —Locke Cole • t • c 04:42, 1 April 2020 (UTC)

@Locke Cole: I concur with the latter option. -- CommonKnowledgeCreator (talk) 16:24, 1 April 2020 (UTC)

Unless we get some opinions to the contrary, I'll go with that. =) —Locke Cole • t • c 20:59, 1 April 2020 (UTC)

The second choice sounds good to me, too. XOR'easter (talk) 00:42, 2 April 2020 (UTC)

• I prefer the second choice too - bounces should also be shown. Juxlos (talk) 02:00, 2 April 2020 (UTC)

References in scroll box

Could anyone put the references in a scrollbox ? As things currently stand, the reference sections represents more than half of the page length. — Preceding unsigned comment added by VoidOutput (talk • contribs) 09:34, 1 April 2020 (UTC)

@VoidOutput:  Not done Yeah that was getting long. I'm not sure it's correct to scroll-box it, but something had to be done. Let me know if there are any more questions. Per this. What I can do in the meantime is ask to split out the article. Sincerely, User:Zanygenius^chat For info on 1 Jul 20 move, see this. 18:18, 2 April 2020 (UTC)

New "Black Wednesday" or "April Fools Crash" (or April's Folly?) section?

Greetings, some things. Today, after European markets closed mostly down, many American markets noted some of their worst drops since March 20 of this year or even since the Great Recession of 2007-09. For example, the Dow Jones reported down 970 points, and the S&P Down over 110 points since March 31st's close.. Although some stocks started the day high, all of them were down by the 6PM close, as part of a larger 3 day trend starting March 30th. Should we add this in to the article? If so, should there be a section name? Sincerely, User:Zanygenius^chat For info on 1 Jul 20 move, see this. 22:47, 1 April 2020 (UTC)

It looks like the 30_March–1_April section can cover this. I don't think we need to introduce names unless they become well established, and I'm not so sure that people are really naming the individual days of ups and downs any longer. XOR'easter (talk) 00:41, 2 April 2020 (UTC)

It appears to be "just" 4% or so? Didn't even trigger circuit breakers, not really comparable to the previous crashes which gets the Black moniker. Juxlos (talk) 02:02, 2 April 2020 (UTC)

@XOR'easter:, Thank you for the input. I think a note about it under April first will be fine. Per this, today's stocks have rebounded for the most part. However the recent 3 day slide did put stocks under for the week. Thank you, Sincerely, User:Zanygenius^chat For info on 1 Jul 20 move, see this. 15:46, 2 April 2020 (UTC)

References

"Trump crash" listed at Redirects for discussion

An editor has asked for a discussion to address the redirect Trump crash. Please participate in the redirect discussion if you wish to do so. Hog Farm (talk) 20:07, 3 April 2020 (UTC)

@Hog Farm: Thanks for letting me know. Honestly, this is definitely not WP:NPOV so I think it needs deleted and maintain just "2020 stock market crash". Assuming people will start widely using the term, we can revisit it then. Sincerely, User:Zanygenius^chat For info on 1 Jul 20 move, see this. 22:03, 3 April 2020 (UTC)

Need help

@Foxterria, 9March2019, LibraFM, Zanygenius, XOR'easter, Locke Cole, Renerpho, Britishfinance, and Faissaloo: I can't keep up with the 24-hour news cycle for financial news of the entire world by myself. I have set up Google Alerts for my Gmail inbox for all G20 members, European Union members, Commonwealth of Nations members, and other major non-NATO U.S. allies for any English-language news about fiscal stimulus or central bank actions in all of those countries, but I need help as I am now getting overwhelmed with alerts. Would anyone be willing to set up alerts for themselves for those countries and summarize them in the article going forward? I will summarize the news for this past week, as well as try to find any other fiscal stimulus package announcements or central bank actions prior to this past week. -- CommonKnowledgeCreator (talk) 00:07, 5 April 2020 (UTC)

@CommonKnowledgeCreator: I'm willing to help relieve the pressure. However I tend to be dormant for quite some time between Wikipedia edits (sorry). How do you set up the alerts? Also, I recommend taking only a glance at each alert, and summarize. It may help lessen the load a little bit. Thank you for the post, Sincerely, User:Zanygenius^chat For info on 1 Jul 20 move, see this. 23:39, 5 April 2020 (UTC)

I am very busy in RL and have a list of GAN's I am addressing. However, be careful here of creating a newsfeed of events in stock markets (e.g. WP:NOTNEWS). There is a lot of text in this article about daily price movements. Ultimately, in 2 years time, all a reader will want is the dates of the movements and any records set (in % or "points" terms), and a short(er) description of the events that set off that days movement. We are here to catalogue/record the most notable facts, most other stuff gets deleted away over time imho. Best of luck with it. Britishfinance (talk) 10:00, 6 April 2020 (UTC)

@Britishfinance: Sorry to take you away what's most important (i.e. real life), but what content in the current revision of the article do you anticipate being deleted for lack of notability and thus can also afford to be ignored going forward? I can't imagine all of the central bank actions (e.g. FX auctions) are going to be that relevant in the future, though I would imagine that the rate cuts and QE probably will be (since they're being used to counteract the liquidity issues in the markets right now) as well as the fiscal stimulus announcements for at least the G20 countries. -- CommonKnowledgeCreator (talk) 14:37, 6 April 2020 (UTC)

@Britishfinance and CommonKnowledgeCreator: Agreed. Wikipedia is not a repository for every single movement on planet Earth. That's a blog for you. (Ha ha) If it stands out amongst the many, and is notable, than feel free to add it. Otherwise, leave it be. For now, if you wish, you could have a user page to help organize and keep track of information. By the way, individual days, as well as lone rallies and falls will likely be forgotten. This is in contrast to, per-say, Black Tuesday in 1929, which started a mass panic around the US, or Black Monday in 2020, which achieved the same effect, and is noted for putting the economy in a bear market. Even though I recently tried to make a case for "Black Wednesday", it is actually not as notable as Black Monday, for example. Sincerely, User:Zanygenius^chat For info on 1 Jul 20 move, see this. 14:40, 6 April 2020 (UTC)

FDIC Reports Bank Failure in West Virginia

According to the FDIC's website for the list of bank failures, the most recent bank that failed is The First State Bank based in Barboursville, West Virginia.

From what was issued on the website, MVB Bank, Inc. of Fairmont, West Virginia had acquired all deposit accounts. Operations will continue nominally and all money was insured by the FDIC resulting in customers retaining their money.

Would this be of some importance to the current situation, or were they already going under prior to the COVID-19 situation and market turmoil?

AlphaSerpentis (talk) 07:10, 5 April 2020 (UTC)