The market barely opened and they were halted less into an hour into today.

https://abcnews.go.com/Business/dow-futures-plummet-1200-points/story?id=69481843&cid=clicksource_4380645_2_heads_hero_live_hero_related

U.S. financial markets plunged as trading began on Monday -- enough to trigger a temporary halt to trading -- amid fears over the economic fallout of the coronavirus outbreak and uncertainty over falling oil prices.

Stock trading resumed following a 15-minute halt on Monday after the S&P 500 plummeted more than 7% in the first minutes of trading. The halt was caused by an automatic circuit breaker safety mechanism that kicked in to prevent a free fall amid the sell-off.

If two more circuit breakers are triggered it will shut down for the day.

Market-Wide Circuit Breakers

A cross-market trading halt can be triggered at three circuit breaker thresholds that measure a decrease against the prior day's closing price of the S&P 500 Index -- 7% (Level 1), 13% (Level 2), and 20% (Level 3) (See NYSE, NYSE American and NYSE Arca Rule 7.12).

There are three stopping points, the next one is 13% loss of overall value of the market, another 15 minutes. When the drop reaches 20% it closes for the day. Like the day after 9-11 but people want o-u-t.

...Then add in the oil wars going on between Russia and Saudi Arabia...

...It seems the market does not have confidence in Trump’s leadership...based on Trump tweet messages...

...Trump has little to do with the slide in market numbers... But his lack of leadership and all his "mixed messages" are not helping. Further, he takes credit when the market is up, so taking the blame when it goes down is fine too....

...Currently at the port of LA . No Cargo...It is literally empty... This is usually one of the busiest ports in the US with freight coming in from China...Places like that are normally stacked crates / containers mini buildings high...


https://www.youtube.com/watch?v=z6u58MLiISE


https://www.youtube.com/watch?v=M1pFHh4EYxI

https://www.portandterminal.com/watch-longshoreman-at-port-of-los-angeles-posts-updates-as-it-grinds-to-a-halt/

Trump is often at his best when targeting an individual.

He can bully, he can abuse, he can threaten.

With a virus on the other hand...

Commentor:
Trump is often at his best when targeting an individual.

He can bully, he can abuse, he can threaten.

With a virus on the other hand...

...401k investors are going to get hammered hard with this downturn...Global supply chains are a mess, Italy quarantined 14 million of its population, the US oil economy is on pause, shale and oilsands are dead in the water...Today can be likened to 'black monday'...however not so close to be declared a disaster...

TheShopKeeper:


...401k investors are going to get hammered hard with this downturn...Global supply chains are a mess, Italy quarantined 14 million of its population, the US oil economy is on pause, shale and oilsands are dead in the water...

Russia is ready to kill off shale.

China is in a trade war and the stock market is taking a hammering.

In an election year, Trump has his work cut out.

...The 8 largest Dow-jones drops in history...

1. Trump, 3/9/20: -2,014
2. Trump, 2/27/20: -1,191
3. Trump, 2/5/18: -1,175
4. Trump, 2/8/18: -1,032
5. Trump, 2/24/20: -1,031
6. Trump, 2/25/20: -879
7. Trump, 10/10/18: -831
8. Trump, 8/14/19: -800

Latest news:

US markets fall on opening

The Dow Jones fell almost 6% on opening in Wall Street on Thursday. The S&P 500 opened about 4% lower, while the Nasdaq dropped almost 7% at the opening bell. The falls triggered an automatic 15-minute suspension.

All three major averages sank after Trump’s Oval Office address Wednesday night failed to satisfy traders who were hoping for more concrete steps to staunch any economic slowdown from the viral outbreak.

Trading had been temporarily halted early Thursday morning ahead of the opening bell, after all three major averages sank below the 5 percent “limit down” marker.

https://abcnews.go.com/Business/futures-trading-temporarily-halted-prevent-free-fall-dow/story?id=69554569&cid=clicksource_4380645_2_heads_hero_live_twopack_hed

Federal Reserve slashes rates to near zero, announces $700 billion quantitative easing program

https://abcnews.go.com/US/federal-reserve-slashes-rates-launches-700-billion-quantitative/story?id=69610447&cid=clicksource_4380645_2_heads_hero_live_hero_related

The Federal Reserve announced on Sunday that it's slashing interest rates again to help buoy the economy during the coronavirus outbreak.

The plan to ease the economic downturn caused by the virus includes lowering interest rates to near zero and implementing a $700 billion quantitative easing program.

"The effects of the coronavirus will weigh on economic activity in the near term and pose risks to the economic outlook," the committee said in a statement. "In light of these developments, the Committee decided to lower the target range for the federal funds rate to 0 to 1/4 percent."

President Donald Trump praised the decision during a press conference from the White House Sunday afternoon.

"It's really good news," Trump said. "It's something that's really great for our country."

Twenty minutes after S&P 500 Futures opened, they plunged 5%, their "limit down," the most they can decline until markets open on Monday.

Trading temporarily halted as markets plummet despite Fed intervention: trading halt comes even after the Fed announced it was slashing rates.

https://abcnews.go.com/Business/stock-market-futures-plummet-fed-intervention/story?id=69617320&cid=clicksource_4380645_2_heads_hero_live_headlines_hed

Trading on Wall Street was temporarily halted after markets plunged early Monday as the novel coronavirus outbreak continues to upend business and travel across the world.

The Dow Jones Industrial Average plummeted more than 2,250 points or 9.7% just after trading began. The S&P 500 fell more than 8%, triggering a "circuit-breaker" halt of 15 minutes.

Trading resumed just before 10 a.m., but the losses continued.

Stocks Hammered, Dow Drops To Lowest Since February 2017

https://www.breitbart.com/economy/2020/03/18/stocks-hammered-dow-drops-to-lowest-since-february-2017/

Nearly all of the Trump stock market boom has now fallen victim to the coronavirus pandemic.

The Dow Jones Industrial Average dropped 1,338.46 points, around 6.3 percent, to 19,898.92. That is the first close below 20,000 since February 2017. The Dow was even lower earlier in the day, at one point falling to levels unseen since December 2016.

The S&P 500 fell 5.2 percent. The Nasdaq Composite dropped 4.7 percent. The small cap Russell 2000 was smashed with a 10.42 percent decline, highlighting just how devastating investors think the coronavirus and social distancing will be to smaller businesses.

Unlike Tuesday, when stocks rallied during a White House press conference announcing economic rescue measures, Wednesday’s sell-off accelerated during the now daily coronavrius press conference. The selling pressure created a new worry: what if the White House can no longer calm markets? A spiral of negativity.

The bond market also sold off, marking the first time in a while that bond yields have moved up while stock prices crashed. That could reflect a view that investors believe the rescue package will be effective, leading interest rates higher in the future. A more conventional view, however, would see the results as merely an reaction to the news of huge spending plans that a certain to push up debt levels.

New York Stock Exchange temporarily closing trading floors, going all electronic

https://abcnews.go.com/Business/futures-dow-opening-plunge-800-points/story?id=69661006&cid=clicksource_4380645_2_heads_hero_live_twopack_hed

The New York Stock Exchange will temporarily close its trading floors and switch to all-electronic trading beginning when markets open next Monday amid the novel coronavirus outbreak.

"Trading and regulatory oversight of all NYSE-listed securities will continue without interruption," its operator, Intercontinental Exchange, Inc., said in a statement Wednesday.

The facilities that will be closed include the equities trading floors in New York and San Francisco.

"While we are taking the precautionary step of closing the trading floors, we continue to firmly believe the markets should remain open and accessible to investors," Stacey Cunningham, the president of the New York Stock Exchange, said in a statement. "All NYSE markets will continue to operate under normal trading hours despite the closure of the trading floors."

The news comes after a roller coaster past few weeks for U.S. financial markets.

The Dow Jones Industrial Average tumbled Wednesday, closing down by more than 1,300 points or 6.28%, in another day of massive volatility over the novel coronavirus crisis.