The Coronavirus Collapse Is Here: Get Ready For The U.S. Unemployment Rate To Hit 20 Percent (Or Higher)

As communities all over America shut down in order to help prevent the spread of the coronavirus, job losses are already starting to rise to extremely alarming levels.  As you will see below, almost one out of every five households in the U.S. has already experienced “a layoff or a reduction in work hours” because of this pandemic.  Unfortunately, many experts are now anticipating that we could see one of the most dramatic spikes in the unemployment rate in American history in the months ahead.  In fact, it is being reported that Treasury Secretary Steven Mnuchin just told members of Congress that this crisis could actually push our unemployment rate up to 20 percent… (Read More...)

For The 3rd Time This Month, We Just Witnessed The Largest Single Day Point Crash In Stock Market History

We are literally witnessing history in the making.  For the third time in the last six trading sessions, we have witnessed the largest single day point crash in stock market history.  Let that sink in for a moment.  On March 9th, the Dow set a new record by falling 2,013 points.  Then on March 12th, the Dow set a new record again by falling 2,352 points.  Of course what happened on Monday was the biggest whopper of them all.  The Dow Jones Industrial Average was down 2,997 points, and words like “carnage” and “devastation” don’t seem to be strong enough to convey that horror that took place.  To put all of this into perspective, the largest single day point crash during the last financial crisis was just 777 points.  That means that the crash that we witnessed on Monday was nearly four times as large as the worst single day point crash in 2008. (Read More...)

Did The Federal Reserve Just Purposely Try To Crash The Stock Market?

Unless the Federal Reserve is purposely attempting to spread panic on Wall Street, the decisions that the Fed just made don’t make any sense at all.  Back on March 3rd, the Federal Reserve announced an unscheduled emergency interest rate cut for the very first time since 2008.  Wall Street immediately interpreted that as a “panic move” and the Dow Jones Industrial Average ended the session down 785 points.  So Fed officials had to know what was going to happen once they announced an even bigger unscheduled emergency interest rate cut on Sunday.  Predictably, stock futures hit “limit down” very rapidly, and now investors are bracing for a week of tremendous carnage. (Read More...)

Get Ready For Your Lifestyle To Change Indefinitely Because Of This Coronavirus Pandemic

Fear of the coronavirus is causing shutdowns on a global scale like we have never seen before.  Just about every major sporting event that you can think of has been either canceled or postponed, schools and universities are keeping students away, global tourism is absolutely collapsing, churches are being shuttered, conferences and festivals are being taken off the calendar, businesses are asking workers to work from home, and even Disneyland is being closed down.  Over the past several days the wave of closings and cancellations has become an avalanche, and all of our lifestyles are going to be dramatically altered for the foreseeable future. (Read More...)

We Just Witnessed The Largest Single Day Stock Market Point Crash In History (Again)

It has happened again.  On Thursday the Dow Jones Industrial Average fell 2,352 points, which was the largest single day stock market point crash in history.  Of course the old record only lasted for three days, because on Monday the Dow dropped 2,013 points.  And on Wednesday, we actually witnessed the third largest single day stock market point crash in history.  So the three worst days in the history of the U.S. stock market (on a point basis) have all happened this week.  On a percentage basis, the stunning decline that we witnessed on Thursday was the worst day for the Dow since the horrifying market crash of 1987.  Wall Street is in a tremendous state of panic right now, and nobody is quite sure when this will end. (Read More...)

Fear Of The Coronavirus Is Causing A Stock Market Apocalypse

In all of U.S. history, we have never seen the Dow Jones Industrial Average go from an all-time high to a bear market as quickly as we just did.  As I keep reminding my readers, the stock market is all about how investors view the future.  Early this year, extremely irrational optimism about the future pushed stock prices to the most overvalued levels that we have ever seen, but now things have completely changed.  Fear of the coronavirus has many investors fearing an imminent economic crisis, and we have seen volatility on Wall Street that is absolutely insane.  On Monday we witnessed the largest single day point decline in the history of the Dow, on Tuesday stocks came roaring back, and then on Wednesday we witnessed the second largest single day point decline in the history of the Dow.  As I have previously explained numerous times, we see huge waves of momentum during any stock market crash, and I am sure we will see many more as this current implosion continues to play out. (Read More...)

The U.S. Response To This Coronavirus Outbreak Has Been Horrifyingly Bad

What recourse do we have when our public health officials completely and utterly fail us?  I don’t know if we could have prevented COVID-19 from spreading widely in the United States even if everything had been done perfectly, but the truth is that we will never know.  When this outbreak first started, visitors from the affected areas were allowed to fly into the United States without being properly screened, and as you will see below this is still happening in many instances.  And once the virus started spreading on U.S. soil, we needed to immediately test any suspected cases so that we could isolate them as rapidly as possible.  But even though South Korea has managed to test more than 140,000 of their citizens, less than 9,000 Americans have been tested so far… (Read More...)

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...)

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