News Formal

Ron Insana: Fed should reassure market it's ready to act, as this resembles late '90s foreign markets crises

  • 📰 CNBC
  • ⏱ Reading Time:
  • 21 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 72%

Regwall-Pro News

Markets,Economy,Nikkei 225 Index

There is more to Monday's sharp sell-off than meets the eye.

After 40 years in financial journalism and finance, I've learned two things to be true. First, when everything is being sold – and just about everything is being sold on Monday – someone is in big trouble. Second, when someone is in big trouble, coordinated rate cuts will follow.

Oil prices are also dropping , even as tensions between Israel and Iran continue to rise. This suggests that fears of a financial market problem are greater than those of a widening Middle East war. It is a profound market statement about which risk is greater now. UBS director of floor operations Art Cashin has said about moments like this, "When you can't sell what you own, sell what you can.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ron Insana: Look to the U.S. for economic resilience and continued global stock market leadershipAmericans have a homeward bias when it comes to investing — and rightfully so, especially in a year like this.
Source: NBCLA - 🏆 319. / 59 Read more »

Ron Insana: Look to the U.S. for economic resilience and continued global stock market leadershipAmericans have a homeward bias when it comes to investing — and rightfully so, especially in a year like this.
Source: CNBC - 🏆 12. / 72 Read more »