Chris Martenson: Coronavirus – Public Panic & Stock Market Carnage

Food and pharmacy shelves are being stripped bare. Even the slow-movers are now panicking, and a similar panic has gripped investors…

by Chris Martenson of Peak Prosperity

FULL SHOW NOTES AND LINKS HERE

The lockdowns predicted in yesterday’s video update are already starting to happen.

Italy, Spain, New Zealand, Northern Ireland, Israel and a growing number of countries are locking down their borders and tightening restrictions on movement.

More and more US states & cities are banning public gatherings and forcing closure of non-essential businesses. Rumors of a coming national curfew circulated this morning.

Meanwhile, food and pharmacy shelves are being stripped bare . Even the slow-movers are now panicking.

A similar panic has gripped investors. The stock market is experiencing a historically vicious sell-off — after falling 24% by the end of last week, the Dow is down another 13% today.

So far, no matter what the Federal Reserve and world government’s have pledged, the market hasn’t been convinced it will be enough.It’s a global fire sale; investors want the safety of cash. And they’re selling everything to get it.Such is the psychology of crowds. When the herd is spooked a stampede ensues.

And this is with less than 4 thousand confirmed coronavirus cases in the US. How will the herd react when that number is 4 million?

When the panic is raging like this, narrow your focus on doing what it takes to keep yourself and your family safe. In the big picture, that’s all that truly matters.