A person in a surgical masks walks by the New York Inventory Trade (NYSE) after extra instances of coronavirus have been confirmed in New York Metropolis, New York, U.S., March 10, 2020.
Andrew Kelly | Reuters
The simplest factor is accountable the computer systems and the algorithms that hold them going, propelling the market ever decrease in a demise spiral that does not look like it is going to finish.
However that is solely a part of the story that has churned out essentially the most violent bear market in Wall Avenue historical past.
On the epicenter of the slide is an effort to promote something that may be bought. It is about de-risking at breakneck velocity, eliminating something standing between investor portfolios and solvency. The push for the exits is breathtaking and feverish, introduced on by a organic menace whose final attain stays unsure.
And so long as that unknown persist, so long as the coronavirus maintains its shroud of darkish thriller, the gravitational pull of the market goes to be to the draw back.
"If you could elevate money, you do...
Supply cnbc.com