Stocks Sink in Worst Day Since Black Monday

The video discusses the ongoing market volatility due to the coronavirus pandemic, highlighting the need for clarity in three key areas: the number of cases, policy responses, and earnings forecasts. It emphasizes the importance of coordinated policy measures to stabilize markets and the potential for economic recovery given strong consumer balance sheets. The discussion also covers historical recession impacts on earnings and the need for economic support to determine market floors.

Discuss the potential impact of earnings estimates on market stability.

What historical data is referenced regarding earnings drops during recessions?