Wonder how many fools will start saying now is the time to buy equities....haaa We have so much more further to go. Recession is coming and the fed cant stop it this time. Only positive I see is the 30 year fixed rate falling to 2.50-2.75% which will save people thousands a year!!! Time to refinance after fed lowers rates again at march meeting
And then comes negative rates for the next collapse. They should have waited until the recession to cut. They only have another percent to go, then what? Negative rates just like I have been predicting
Last I checked in aftermarket trading hours if 5% is breached the market is closed until the following New York open. However, I would be unsurprised if markets open at 9:30 ET and immediately start bleeding again. Limits down generally beget more limits down until the market figures out what is going on. Imagine how many sell limits are sitting on the books right now with all the people trying to liquidate their longs thinking the beating we took last week was enough. If your goal is create a one world financial system NIRP is basically the way to do it. I'm not sure I totally buy into the cabal of bankers trying to destroy the world but if they were NIRP would be a good place to start.
With the limit down, you can only buy. But with the resting order of nearly 4000 on the ask, who's stupid enough to step up to the plate? Once you buy, you won't be able to sell.