Wall Street's 11-year bull market comes to a screeching halt: Stocks plummet

NY Fed vows to pump in over $1 trillion to fight coronavirus-linked 'disruptions' in marketsThe New York Federal Reserve is taking extraordinary steps aimed at calming panicky financial markets.it will offer $500 billion in a three-month repo operation Thursday afternoon -- and then will do the same thing the next day. Moreover, the Fed said it will offer a $500 billion one-month repo operation Friday and take additional steps as well.

The dramatic moves sent US stocks surging off their worst levels of the day. At one point, the Dow was on track for its worst day since 1987. More recently, the Dow was only down 900 points, or 4%. The NY Fed said these capital injections are being made to"address highly unusual disruptions in Treasury financing markets associated with the coronavirus outbreak."

The Fed has repeatedly ramped up its cash injections this week in an effort to keep markets operating smoothly despite the coronavirus fears.

Please keep selling.. morons

Coronavirus, un séisme qui a débuté à Wuhan/Chine, dont les répercussions sont sans mesures sur le système capitalisme. Qui aurait crû que la peur aurait cet effet désastreux sur l’économie mondiale avec seulement 135000 personnes infectées et 4900 morts.

It'll be down another 2000 tomorrow

These are times Presidents step to the podium and calm nerves And assure swift and urgent solutions to the virus Unfortunately, American leadership is visibly missing in action both HOME and abroad

There goes my 401K

I think they should shut the stock market down until further notice and focus on medical care and give more attention to people instead of money. This is the market's wake up call. Will it ever?

should be worried of a worldwide recession?

So. Tired. Of. Winning

THANKS TRUMP!!

CNN gleefully reports

I'm sure glad Obama took credit for the economy.

Sign my petition to save March Madness from the Coronavirus! Petition:

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Stocks fall again on Wall Street as wild swings continueStocks are sinking again, wiping out most of a huge rally from a day earlier as Wall Street continues to reel from worries about the coronavirus. Investors are still waiting for details promised by President Trump on potential aid for the economy. He’s surrounded himself with nothing but unqualified sycophants, and he, himself, doesn’t possess a single atom of true leadership in his body. This is the moment where every greedy, racist fool that’s supported him will have to come to grips with his inability to weather this. Y'all proud of yourselves in the media Yeah where the hell ARE those details, Mr. President?!?!?! South Korea has over 10k test kits. Maybe we should go study their leadership style and health care system. COVID19 CoronavirusUSA
Source: AP - 🏆 728. / 51 Read more »

Wall Street tumbles, Dow confirms bear marketWall Street stocks plunged on Wednesday, with the Dow confirming a bear market for the first time since the financial crisis after the WHO called coronavirus outbreak a pandemic WHO Don’t let clowns on twitter tell you trump is responsible for this. He is not responsible for a highly contagious global pandemic that originated in China. The market is tanking because of this market externality not Trump. WHO What about Dec 2018? WHO Globally, the new coronavirus is named Pompeo-virus.
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