Stocks plunge at opening bell, triggering trading halt

[turbinetree]

Source: Market Watch

Published: March 16, 2020 at 9:36 a.m. ET
By William L. Watts
SPX
-8.14%
DJIA
-9.71%
COMP
-6.12%
Stocks plunged at the opening bell Monday, triggering a 15-minute market-wide trading halt as investors failed to take comfort in the Federal Reserve's emergency policy measures. The S&P 500 SPX, -8.135% fell 220.55 points, or 8.1%, at the opening bell, immediately triggering a trading curb that kicks in at a loss of 7% for the benchmark index. The Dow Jones Industrial Average DJIA, -9.706% dropped 2,250 points, or 9.7%, while the Nasdaq Composite COMP, -6.123% droped 482 points, or 6.1%. Another circuit breaker would kick in if the S&P 500 falls 13% once trading resumes.

Read more: https://www.marketwatch.com/story/stocks-plunge-at-opening-bell-triggering-trading-halt-2020-03-16?mod=home-page

---

hold on.............................

[Thomas Hurt]

1. If only we had ignored corona and worshipped Dear Leader more we wouldn't be in this mess. (snark)

All the nations, all those corporations, all the sports franchises, all the school districts, are all in on this conspiracy to perpetrate a hoax on the only people who really know what is going..........the conservative.

[turbinetree]

2. K&R +1.........................

[OnlinePoker]

3. 19,827 was the close on Trump's innauguration day

Right now, we're just about 1,100 above that but I wouldn't be surprised if we hit it today.

[ProfessorGAC]

6. So Now, The 3 Year Gain Is 6%?

That's <2% year over year.
I know this is a giant event, but it also suggests that the market growth since November 2016 was not supported fully by macroeconomic fundamentals.
This seems a combination of correction of an inflated market & concerns about the near future.
I haven't done any statistical analysis, but if the overall economy was really that strong, the drop would be less precipitous.

[jmowreader]

7. Alan Greenspan's term was "irrational exuberance"

[ProfessorGAC]

8. Yes, I Recall That Too

Looks like he was right again. And, I'm not a big fan.

[trusty elf]

4. Down Jones

[Bernardo de La Paz]

5. tRump is fully invested in Clown Jones stocks. . . . nt