Carnage on the stock market AGAIN

Wall Street faces 

another bloodbath as 

Dow drops over 2,000 

points at opening bell

US stock trading was halted on Thursday morning after markets in New York dropped as much as nine percent right at the opening bell, triggering a mandatory pause. The heavy losses continues as trading resumed.

The Dow Jones Industrial Average lost around 2,000 points or more than nine percent in the first minutes of trading. The S&P 500 fell almost 200 points, while the Nasdaq Composite lost 550 points, each dropping over eight percent, and triggering a 15-minute stoppage in trading at the New York Stock Exchange.

It is the second 15-minute suspension this week on Wall Street. Trading was briefly halted on Monday after the Dow fell by almost 1,900 points.

US stocks are suffering steep losses for the second day in a row. On Wednesday, the Dow entered bear-market territory, as is closed down around 6 percent. The S&P 500 was just shy of that threshold, but it finally followed suit on Thursday.

The rout in global stocks deepened after the US policy response to the worsening spread of the coronavirus. On Wednesday, US President Donald Trump ordered the suspension of all travel from Europe to the United States for 30 days. The restrictions came shortly after the World Health Organization announced that the Covid-19 can be characterized as a pandemic.

European markets, which were already tumbling earlier in the day, extended losses after trading started in the US. Around two hours before the closing bell, British FTSE 100 was down over nine percent, while both French CAC 40 and German DAX dropped around 10 percent.

https://www.rt.com/business/482943-us-markets-face-another-bloodbath/

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"If Deutsche Bank Stock 

Drops to $6.40, the world is 

in trouble" -- DB Stock has 

now dropped to $5.51 Get 

cash from your bank NOW

HalTurner,

12 March, 2020

Months ago, a master financial guru name Nenner, warned the world that if Deutsche Bank's stock value dropped to $6.40, the Bank "could go out of business" and the world would be "in trouble." Yesterday, Deutsche Bank stock closed at $6.10 and today is has fallen to $5.51. This is a major financial disaster and YOU should take action right now while you still can. Here's the suggested course of action:

This bank is the largest holder of Derivatives contracts on planet earth. If they go under -- and it appears they are right now -- the entire global financial system will be hit with utterly MASSIVE unwinds of Credit Default Swaps (CDS) and other harsh financial liabilities. Many of those globally-located banks will, themselves, fail.

Readers are urged to get some cash out of their bank right now to SURVIVE ON for a month or two in case the worst happens. Don't bother panicking and trying to get ALL your money, they will simply refuse and tell you to sue them.

Get a small amount - a couple thousand if you can. NOT TO PAY BILLS, but to SURVIVE ON until the mess gets straightened out.

UPDATE 12:25 PM EDT --

FLASH TRAFFIC ON ALL INTEL CIRCUITS . . .

"Deutsche Bank, Credit Suisse, Lloyds Banking Group, Royal Bank of Scotland, Barclays ARE ALL DONE."

UPDATE 2:45 PM EDT --

Major Corporations are drawing-down on their FULL credit lines from the banks which granted those lines. Boeing began this "Corporate Bank Run" to make certain the credit they THINK they have, they _actually_ have (in their hands) in case the banks start failing and their credit lines disappear! ! !

After Boeing took their entire $13+ BILLION in credit, others joined the "run." Two of the world's biggest PE firms, Blackstone and Carlyle, told their portfolio companies to immediately do what Boeing did earlier in the day: "Do whatever it takes to stave off a credit crunch", which as in the case of Boeing, is a polite way of saying: your banks may pull their liquidity (i.e., fail), so get whatever cash you can now when you can, and not when you have to.

The fact that massive, publicly-traded corporations are now pulling all their credit out of banks seems to indicate they fear a major banking collapse, and they want to make sure THEIR CORPORATIONS survive even if banks don't.

I am not a licensed financial expert and cannot give financial advice. You should talk with a Licensed expert before making any financial decisions. Having said that, I am pulling out what I can from my resources - what little they are.

"It's not just the fear of the economy going weak, but basically being on the brink of shutting down," said Dennis Dick, proprietary trader at Bright Trading LLC in Las Vegas. "It's mass selling across the board (and) we are pricing in a potential to go into another financial crisis."
https://www.rnz.co.nz/news/world/411617/coronavirus-markets-fall-eu-condemns-trump-travel-ban

The benchmark top-50 index opened down nearly 5 percent, but dropped further in the first hour of trading by 7.4 percent, or 764 points, to 9571 points.

This followed a 5 percent fall yesterday after the US imposed restrictions on travel from Europe to help halt the spread of the Covid-19 coronavirus.

US and European sharemarkets fell by as much as 12 percent.

Australian shares are expected to fall sharply as well.

The turmoil has also caught the New Zealand dollar which has been sold as investors seek the safety of the American dollar and the Japanese yen.

The Kiwi had been trading around 60.8 US cents in early trading - an 11-year low - but had since recovered a bit of ground to 61.1 US cents.

The NZX Top 10 Index, which tracks movements in the 10 largest listed companies, was down 8.1 percent. [Auckland Airport was down 11.5 percent after it revised down its full year earnings guidance by $50 million.

https://www.rnz.co.nz/news/business/411635/coronavirus-nz-sharemarket-opens-sharply-down