Wall Street traders went running for cover Monday — and even a steep and surprise drop in interest rates couldn’t calm them.
Trading was halted shortly after markets opened and the Dow Jones Industrial Average fell 1,820.41 points, or 7.9 percent, to 21,365.21 — pushing the market even further into bear territory.
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Wall Street says these things must happen before the market will stop plunging and bottomStrategists said stocks would only bottom when more fiscal stimulus is rolled out and the coronavirus outbreak stops worsening. Bring Mark Faber on,let's hear what he has to say Stimulus is considered both good and panic. It should have been promised after more study. The FED hitting them over the head with huge cuts has pushed the panic button. In other words, this crap is going to continue till everyone practically goes broke.
Source: CNBC - 🏆 12. / 72 Read more »
Wall Street Heads For Heavy Losses As Global Coronavirus Cases Overtake ChinaThe Federal Reserve's emergency measures announced over the weekend have given investors little confidence with Monday marking another major stock market sell off. The SEC should be taken down for their crimes.
Source: Forbes - 🏆 394. / 53 Read more »