A Game-Changing Crash . . . .

[biglentil]

I highly suspect there will be a bailout package for select industries now, airlines but maybe even energy, banks might get recapitalized again. Probably QE again to try and flip the yield curve.

But money in directly in the peoples hands will never happen.

I'm patiently waiting for the cabal to smash gold. Its looking way too much like a safe haven for their liking. I'm predicting an instantaneous billion dollar dump or so.

[helmsdale]

Level 1 breach in first 5 minutes...

[errolanderson]

Level 1 breach in first 5 minutes...

Stock trade halted @ 9:49 EDT after S & P Index lost 7%.

[helmsdale]

[15444]

Excellent.

Burn it all to the ground so the Phoenix of Western Canada can rise from the ashes.

But people must suffer and die for that to happen. Life isn't hard enough yet for the Western Liberal scumbag supporters yet. Hope TSX loses 75% of its value.

[makar]

Oil recovered already, someone got rich overnight.

[errolanderson]

Oil recovered already, someone got rich overnight.

We are seeing the worst of human emotions right now . . . from the ridiculous race to Costco for toilet paper to 'git me out now' selling pressure right now in stocks and commodities. Human emotion is at its ripest. Markets are always right, but often driven by human emotion. And 'panic' right now is a short-lived emotion. Calmer minds eventually prevail and markets at that point . . . rebound. This will be no different (IMO).

This drives markets both too high and then too low . . . . These markets are unpredictable, but I know dam sure that Costco will eventually stock toilet paper once again. Yes, (IMO) the stock market was due for a butt kicking. It is still pricey and can head lower yet. But for commodities, hang in there during these crazy times, there will be recoveries . . . maybe tomorrow or the next day, but prices can turn around once emotions settle down. My two-bits worth . . . .

[farming101]

So far today the Dow dipped to 23818.70, a level never seen before Nov 28, 2017. Think about it.

[macdon02]

Lebanon said it would default on its dollar-denominated debt, intensifying the Middle Eastern state’s financial turmoil and setting up a possibly messy negotiation with foreign investors.

Beirut’s failure to honor its massive debt load was long expected and not related to the economic turmoil caused by*the coronavirus outbreak. But it comes at a time when the global financial system is on edge.

Lebanon said Saturday it would fail to pay back U.S. dollar denominated bonds with a face value of $1.2 billion due Monday, the first time the country has ever failed to pay its debt. It has another $700 million due in April and $600 million in June.

[macdon02]