The media is saying the coronavirus is to blame for the market crash today.
The Dow Jones fell by 1,030 points on Monday, a loss of about 3.5 percent, which wiped out all of the gains since the beginning of the year.
But not so fast says Fox Business financial expert Charles Payne.
He says it’s not the virus, it’s Bernie Sanders that caused the crash and burn, thanks to his Nevada win and the fear that he could be the Democrat nominee.
While most headlines attributed the sell off to worries about the economic fallout from the corona virus possibly becoming a pandemic, Charles Payne also found reason to blame Sen. Bernie Sanders (I-Vt.).
“Is this sell off all corona virus, or is this the first time the markets have opened since Bernie Sanders took control of the Democratic battle?” asked Ed Henry.
“The Bernie factor is finally rearing its head in the stock market,” responded Payne, the host of “Making Money.”
Payne rattled off names of hospital and drug companies who had been hit hard in the downturn as evidence that his thesis was correct.
“You directly attribute that sell off to Bernie Sanders?” asked Sandra Smith.
“Absolutely,” responded Payne. “There’s absolutely no doubt.”
Payne offered more evidence to his claim by citing a similar downturn after Sen. Elizabeth Warren (D-Mass.) gained the lead in the presidential primary.
“Now these stocks got hammered when Elizabeth Warren was in the lead, and when she had her biggest point of you know leading in the polls, all of these stocks were under an extreme amount of pressure. As she began to wane, and some of these names came out with great earnings estimates, they’ve rebounded pretty nicely,” Payne said.
“This is the first time, I think, Wall Street has taken Bernie Sanders very seriously,” he concluded. [The Blaze]
You can watch the video below:
Fox Business host Charles Payne blames much of today's Dow plunge on Bernie Sanders' Nevada win:
"The Bernie factor is finally rearing its head in the stock market…there's absolutely no doubt." pic.twitter.com/20041Y0oHE
— Justin Baragona (@justinbaragona) February 24, 2020
This is just a taste of what’s to come if Bernie Sanders had his way.
Bernie’s policies and plans would gut the middle class and destroy hardworking Americans.
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