Hold on to your seats; market volatility points to rocky times ahead

Across the world, estimates for growth have been slashed, and it's clear it will take much longer to climb out of the current global economic paralysis than originally thought.



March 10, 2020 - 9:53 AM

Traders on the floor react before the opening bell on the New York Stock Exchange in New York. Trading on Wall Street. Photo by Timothy A. Clary/AFP via Getty Images/TNS

On Monday, fears were realized that the coronavirus could lead to an economic crisis.

In early heavy trading, major U.S. stock indexes plunged so sharply that a so-called “circuit breaker” was tripped to halt all transactions for 15 minutes.  

The self-imposed mechanism has been used only one other time — Oct. 27, 1997 — when stocks dropped by 7.2%.

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