dow futures (overnight) trading halted - hit -5%

[Demovictory9]

https://money.cnn.com/data/premarket/

U.S. Stock Futures
S&P -145.10 / -4.90%
Level 2,819.00
Fair Value 2,970.52
Difference -151.52
Data as of 3:52am ET
Nasdaq -410.00 / -4.82%
Level 8,093.25
Fair Value 8,528.12
Difference -434.87
Data as of 3:51am ET
Dow -1,255.00 / -4.87%
Level 24,534.00

[SunSeeker]

1. Monday should be a shitshow on Wall Street. nt

[BComplex]

10. Maybe NOW they'll want to remove trump from office?

It's not until big money gets a hit that trump starts stinking like a dead skunk in the middle of the road.

[BigmanPigman]

2. When is the last time this happened?

What about the drop in oil, when was the last drop like it is now?

They said something about 1991 on CNN I think.

[Adsos Letter]

4. The start of the Gulf War, I think.

[A HERETIC I AM]

7. The Dow futures were "Limit Down" in 2008...

On one occasion During the worst days of the market selloff in late 2008 I remember that happening.

[BigmanPigman]

9. Is "limit down"

the 5 pt automatic halt?

[A HERETIC I AM]

12. Yes, though it may have been 10% back then

I was a Broker back then and I remember seeing it on my terminal around 8 Am or so. At that point of the year the Dow was in the 9500 range, so if the curb was at 10% then obviously it was trading 950 points off the previous close, or thereabouts.

But yes, the futures trading was down to the limit or “curb” and they halt trading at that point.

[BigmanPigman]

13. CNBC just said that if the DOW drops 20%

the rule (which has never been used so far) the market stops for the day to "cool it off". I doubt it'll drop 5,000 pts.

[A HERETIC I AM]

14. Yeah...that trading halt has been in place for a long time, but you're right.....

It would be a MASSIVE drop for that to kick in.

[Recursion]

3. Holy crap

Don't look at your 401K for the next 12 months, people.

[wishstar]

5. Market would already be that low if ralllies hadn't occurred last 2 Fridays

both Friday afternoon freefalls were prevented by Fed promising lower rates and WH promising tax breaks and bailouts to affected industries.

They'll be another rate cut announced and more WH promises of parachute money.

[duforsure]

6. He claims the virus is a hoax, so,

The market dropping is from trumps failing policies, not a hoax. Remember he claimed it was contained, then claimed Democrats were to blame for it. He'll now start pushing for bailouts that he can apply to him and his businesses to funnel a lot of our money into his pockets , again. trumps again promoting the same propaganda as putin is.

[MoonlitKnight]

8. "Stocks Everywhere Are Trading Like It's Armageddon"

One Bloomberg top headline now.

[BComplex]

11. Well, it's those clowns that put the antiChrist in charge of our government.

WTH do they expect?

[padah513]

15. +1

[duforsure]

16. Watch what putin does now

Because their economy is based on oil revenue's, so it'll really hit their economy bad. trump will do now whatever putin wants him to do to retaliate against the Prince's actions. The prince knows putin wants more power over control of the oil pricing. trumps so compromised he has no choice. putin has more on trump then the Prince does, so. trump will get screwed no matter which side he promotes now. Another good reason to get away from fossil fuels, it promotes corruption , hurts our environment, and it hurts the people with unreliable costs.

[HarlanPepper]

17. I just watched an analyst on CNBC

Who said Russia is well equipped to see if the Saudis blink because their break even point on a barrel of oil is considerably lower than what the Saudis point is.