Trader Fred DeMarco works on the floor of the New York Stock Exchange, Friday, Feb. 28, 2020. Global stock markets are falling further on spreading virus fears. The sell-off across stocks, bonds and oil prices on Monday morning has been referred to as "carnage" by a number of analysts."There have been plenty of bad days since the coronavirus infected investors. Yet Monday's session felt like a different kettle of fish entirely," said one analyst.
"Equities have been caught in the blast from the oil bomb. There's a risk of losses in oil positions needing to be covered by selling down elsewhere - we're in a vicious circle. Equity markets are hideous today and these kind of moves are to be afraid of as they can lead to aggressive tightening in credit that can spiral into real financial distress.
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sranysovok I don't trust this bold guy. Bold people can not be trusted.
Oil prices going down usually help the economy
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