Dow falls 2,200 points, trading halted, as rate cut fails to calm markets
Strangely sending an autographed chart to a news organization celebrating a quick pump of the stock market 30 minutes before close has not fixed all of our problems.<p>There is no leadership on this issue. Health leaders are urging isolation while at the same time elected leaders from a certain party are going on TV and twitter and urging people to go out to restaurants and bars. The president has been telling his supporters that there is no problem in the US while thousands are dying in Europe. With no captain is anyone surprised the ship appears to be drifting? Pence appears to be doing his best but he is clearly handcuffed.<p>As the situations at airports are proving there is literally zero true planning going on. No one figured out that if you announce a major travel ban that people will come flooding home from virus hot spots. Thousands of people jammed together before being released back into the US.<p>Soon companies are going to be forced to start massive layoffs just to survive, especially the travel and retail industries. We are then going to have tens of thousands of our lowest paid and least resource secure people suddenly without jobs. The bills will continue though. The government though appears to show no regard for individuals and is instead focused only on stock market numbers. Not to mention many of these same people suddenly have kids at home with the schools closed.<p>We need to a massive stimulus for individuals, put a moratorium on mortgage and car payments, put cash in peoples hands or this is going to get out of hand fast. Due to our so called &quot;rugged individualism&quot; in the US, we have lines around the corner at gun stores as people fantasize about gunning down those rendered desperate from what is going on while our European neighbors are pitching in to help each other.