Dow suffers worst drop since 1987 amid coronavirus fears — Cramer and others on what they're watching (via TradingNation)
since the 1987 Black Monday market crash on Thursday, dropping 2,352.60 points and notching a 10% loss after government officials failed to calm investors' fears about the fast-spreading virus's economic impact.'This is the time for radical action'said the federal government should step in and borrow as much as possible to get companies through this market turmoil:
"Obviously, we're in a dark tunnel here. I think there's light at the end of that tunnel. I think fear is obviously dominating. Fear is a very psychological response that builds on itself. I think we should listen to what Jim Cramer says. I think we need bold measures. Maybe a three-month tax holiday.
"I do cover virtual market maker[s] in some of these instruments. We've checked with them. So far, they're saying they're seeing very little issues right now. There's pockets of concern, but it isn't a widespread problem. But it's these market makers — and, to get a little bit more technical, they create and redeem the ETFs, and they have to be able to trade the underlying ... [in] slim instances of becoming more difficult to trade.
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