Dow plummets 1,800 points, oil prices drop as global recession concerns mount

“Every major stock market is getting hammered as oil prices plunge due to a price war following the breakdown of Saudi Arabia’s oil-cutting alliance with Russia over the weekend,” Nigel Green, chief executive and founder of financial consultancy deVere Group, said in a note.

The latest melt down in the energy market raises the possibility of stocks falling into bear market, or a fall of 20% from a recent peak, according to Peter Cardillo, chief market economist at Spartan Capital Securities. Saudi Arabia's decision came after OPEC failed to strike a deal with its allies on a cut to oil production. An agreement would have contained the plunge in the price of crude caused by the virus outbreak’s disruption to world business, analysts say.

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USA Today are you proud of yourself for causing unneeded panic among your liberal friends? Republicans know this is only a ploy to destroy the stock market and leave the people of the USA broke. You care nothing about your country

Look out for Top 1% , they may start jumping

Possibly Global recession after weeks of Media hysteria, fear mongering about the coronavirus and now Russia and Saudi Oil feud.... this is clearly Trumps fault.

Circuit breaker: No, not the switch you flip in your house. They're measures the NYSE and others use to halt trading and prevent panic selling when there are massive declines during normal trading hours. One was already used today, and two more are still available.

And the media giggles with glee.

Trump can’t get reelected - establishment in panic

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Dow set to open with decline of 1,300 points as markets craterDEVELOPING: Markets around world plunging Monday, as oil price war adds to coronavirus fears. Dow set to open with another sharp decline around 1,300 points; 10-year Treasury yield was pushed to an all-time historic low of 0.3% by early morning. Holy shit!! Thanks for the fear mongering. The election year October Surprise has sprung forward to become the March Surprise. Looks like we turned our clocks ahead more than an hour to impact realDonaldTrump.
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Stock market live updates: Stocks reopen after halting, Dow down 1,800Stock market live updates: Shares of bank stocks are suffering amid a collapse in bond yields. Shares of Citigroup are down more than 10%, JPMorgan lost 9%, Goldman Sachs fell 8% and Bank of American dropped 8%. Market 'Halted?' Isn't this Socialistic Interference in Free Market Capitalism? Allow the 'Invisible Hand' of Capitalism do it's MAGIC! Or Damage! it's not a pandemic, it a media-driven panic Manny6Manny It's time to use that XRP on demand liquidity to unlock dormant capital in the nostro/vostro.
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