Federal Reserve slashes interest rates to zero as part of wide-ranging emergency intervention

Is anyone keeping track of Limit Downs? I've been in the market for awhile now but I've never seen so many back-to-back daily limit downs.

 

Life insurers going to go under

 

Those were mostly .5 cuts with the one on 1/22/08 being a .75 cut. This is a full point just days after a half point cut. I think we will see some wild shock and awe tomorrow. Ups and downs that will make our heads spin.

 

Since this crisis started a couple months ago, I believe we've had 3 limit down on futures, one limit up on futures, and 2 limit down in RTH on SP...? I am sure tomorrow morning we will have our 3rd limit down in RTH on SP.

 

Listening to a Powell recording on Bloomberg youtube, today's change was the Fed meeting for this week. I guess that's a given anyways

 

Australia isn't happy right now. ASX 100 initially down 4%

 

Stock buyback when the market at the top was okay, after 20% down not a good value

 

We’re going to see the $29 handle in April Crude tonight.

 

7% now.