The S&P triggered a 15-minute halt circuit breaker already…
(Silver Doctors Editors) The Dow has absolutely plummeted at the open:
If we want to round, we can call it 2000 points from Friday’s close to Monday’s open.
Yield on the 10-Year Note is crashing:
We even traded down to a 3-handle, as in 0.39% yield on the 10-Year.
The S&P 500 also plunged at the open:
Trading has been halted for 15 minutes because of the circuit breakers.
Here’s everybody’s favorite MSM outlet, Bloomberg:
U.S. stocks plunged more than 6% as a full-blown crude price war rattled financial markets already on edge over the spreading coronavirus. Treasury yields plummeted, oil fell more than 30% and credit markets buckled.
The rout took the S&P 500’s loss from its Feb. 19 record toward 20%, threatening to end the record-long bull market that began 11 years ago to the day. NYSE circuit breakers will halt trading for 15 minutes if the equity benchmark falls 7%, a move designed to limit panic that was last triggered during the 2008 financial crisis.
Here’s a look a gold, silver and the US dollar:
The metals are maintaining, especially silver, which has technically been in a correction since last September.
Here’s a handy little reminder, from TD Ameritrade’s ThinkorSwim platform:
Circuit breakers at different levels are all in play today.
Jim Cramer isn’t going to tell you everything you need to know:
It’s the speed… The speed and the thinness. That you could have such a monumental move in six hours is truly astounding. The average oil stock could be down 25% at the opening. The average S&P stock could be down 10%. Gold remains the only bull market besides utilities, drugs
— Jim Cramer (@jimcramer) March 9, 2020
Such as “silver”.