Here Are 18 Breathtaking Facts About The Stock Market Crash Of 2020, And Experts Are Warning This Is Far From Over

We haven’t seen anything like this since the last financial crisis erupted in 2008.  Wall Street has been gripped by a tremendous amount of fear, and the volatility that we are witnessing would have been unimaginable just a couple of months ago.  On Monday, the Dow Jones Industrial Average fell 2,013 points.  To put that in perspective, the largest single day decline that we witnessed in 2008 was just 777 points.  A disagreement between Saudi Arabia and Russia about oil prices coupled with increasing concern about the coronavirus pushed many traders into panic mode, and the result was absolutely stunning.  Hopefully stock prices will bounce back throughout the rest of this week, but many experts are warning that this is just the beginning of the carnage.  The stock market crash of 2020 is here, and the losses are already staggering.  Just consider these facts… (Read More...)

Out Of Time: U.S. Cases Explode As The Coronavirus Pandemic Reaches A Tipping Point

If you thought that we had more time before this coronavirus pandemic exploded out of control in the United States, I am sorry to say that you are out of luck.  In all of the major nations in the western world, the number of confirmed cases escalated dramatically over the past few days.  Here in the U.S., COVID-19 has now reached 33 states, and the number of confirmed cases seems to literally be changing every few minutes as more announcements are made.  Over the weekend, we witnessed another wild round of panic buying as people feverishly stocked up for an extended pandemic, but at least Americans are not throwing punches at each other over toilet paper like we are witnessing elsewhere in the world.  Needless to say, all of this insanity is badly rattling Wall Street.  The markets are going absolutely nuts, and it looks like this could be a truly historic week.  Much more importantly, it looks like any hope of containing this virus is now completely dead.  In fact, Dr. Scott Gottlieb of the Food and Drug Administration just told the entire nation that we are “past the point of containment” now. (Read More...)

Will This Coronavirus Outbreak Cause A New Financial Crisis And A Horrifying Economic Collapse?

The term “black swan event” is increasingly being used to describe this coronavirus outbreak, and many are concerned that what we are headed for will be much worse than what we experienced in 2008 and 2009.  Already, we have witnessed a staggering drop in global demand, Wall Street has had to deal with the wildest week in eight years, and people all over the globe are hoarding toilet paper, face masks and hand sanitizer.  That may sound like a plot from one of my books, but it is not.  This is actually happening, and it appears that we are still only in the very early chapters of this crisis. (Read More...)

“It’s Like A Ghost Town”: Major Cities All Over The Globe Are Paralyzed By Fear Of COVID-19

We haven’t seen anything cause this much worldwide fear in a really long time.  But even though there is so much fear, we still don’t know if this is going to evolve into the next great global pandemic that kills millions of people or not.  I wish that I had a definitive answer for you.  At this point we do know that the number of confirmed cases outside of China continues to rise at a very alarming rate, and we also know that this virus is about 34 times more deadly than the flu according to the latest numbers.  But in order for it to kill millions of people, a substantial percentage of the global population would have to be infected, and we don’t know if that is actually going to happen. (Read More...)

The Unstoppable Coronavirus vs. The “All-Powerful” Federal Reserve

Has the Federal Reserve finally met an opponent that it won’t be able to defeat?  Ever since the last financial crisis, unprecedented intervention by the Fed at key moments has kept the economy and the financial system relatively stable.  No matter what has come along, it has seemed like the Federal Reserve has always had an answer, and this has created an environment that has enabled the most ridiculous stock market bubble in U.S. history to grow to epic proportions.  But now COVID-19 is perhaps the greatest challenge that the Fed has faced in modern times.  No matter how low interest rates are pushed, and no matter how much helicopter money the Fed drops from the sky, it isn’t going to cause fearful Americans to go shopping, take trips or start businesses.  And nothing that the Fed can do will be able to mitigate the severe disruptions to global supply chains that we are currently witnessing. (Read More...)

“Pandemic Proportions”: COVID-19 Is Starting To Spiral Out Of Control All Over The Globe

This is already the most frightening virus outbreak that we have seen in the past several decades, and it appears that it is just getting started.  A week ago, there were about 3,000 confirmed cases outside of China and now there are more than 10,000.  4,812 cases have been confirmed in South Korea, 2,036 cases have been confirmed in Italy, and 1,501 cases have been confirmed in Iran at this point.  Of course by the time you actually read this article those numbers are likely to be significantly higher.  It is like we are watching a really bad Hollywood disaster movie play out right in front of our eyes, and so far every effort to contain this virus has failed.  On Monday, Dr. Anthony Fauci stunned many people when he told NBC News that COVID-19 has likely reached “pandemic proportions”… (Read More...)

All Of A Sudden, People All Over America Are Prepping Like Crazy

I can’t remember a time when we have seen such widespread “panic buying” all over the nation.  Today I spoke with someone that just visited the closest Wal-Mart in this area, and I was told that there are empty shelves all over the store.  There are very few canned goods left, some of the most essential medications have been cleaned out, and there was nothing left in the long-term storable food section at all.  Of course similar things are being reported at major retail stores all across the United States.  All of a sudden, fear of COVID-19 has motivated thousands upon thousands of Americans to start prepping like crazy.  But most of the population is still not taking this crisis seriously enough.  As the number of confirmed cases all over the world continues to rise at an exponential rate, what are the stores going to look like when most of the country finally realizes that they should be prepping for an extended pandemic? (Read More...)

We Are Watching The Stock Market Do Things That It Has Never Done Before

Stock prices are falling faster and harder than they ever have before.  If the financial markets are in this much chaos even though not a single American has died from the coronavirus yet, what are things going to look like if this outbreak starts sweeping across America like wildfire?  The number of confirmed cases continues to explode all over the world, and the discovery of a case of “unknown origin” in northern California has really shaken up global financial markets.  It has become clear that efforts to contain this virus have failed, and investors are now coming to grips with the fact that this crisis is just getting started.  We haven’t seen this much panic on Wall Street in a very long time, and on Thursday we actually witnessed the largest single day point decline in all of U.S. history… (Read More...)

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