Written By: Justin Nelson

Staff Reporter

Due to the Coronavirus pandemic affecting most of the world, the stock market is facing some of the lowest levels it has seen in years. 

“ The Coronavirus-triggered economic fallout could potentially be worse than the 2008 finnancial crisis, and… unemployment could rise to 20% without government action,“ said Treasury Secretary Steven Mnuchin. 

Many cities across the United States have begun closing schools and nonessential businesses. In Las Vegas, the governor ordered all casinos to shut down as a proactive way to fight the spread of the Coronavirus. 

Unfortunately, while this is good for the health of the people, it is not good for the immediate health of the economy, and it is reflected in the sharp decline in the stock prices of the casino companies. 

WYNN Resorts for example, fell over $11 per share on March 18th. 

“Be patient here because it’s going to take 3 months to get this market to work this recession in correctly, but boy, oh boy this is as good as it gets for stock pickers like me,” said Investment Manager Ross Gerber.

For people with extra money, now might seem like a good time to buy stock in companies because the prices are so low. There’s still a gamble though because no one knows how long it will take for the stock market to bounce back.