EDITOR'S NOTE
We've just witnessed a fresh record for the fastest 30% drop in stocks.
CNBC's Yun Li writes it tops the Depression-era crashes of 1934, 1931 and 1929. And until markets are confident that the coronavirus pandemic is losing steam, there may be more losses to come.
The Federal Reserve on Monday upped its efforts to infinity, offering limitless support for credit markets and a whatever-it-takes policy position.
The Senate on Monday failed to pass a stimulus bill to address the crisis, but negotiations continue. 
Stocks were sharply lower again on Monday. Investors and analysts have so far been unable to call the bottom for the market.
Billionaire investor David Tepper told CNBC on Monday that he believes the market may still fall another 10% to 15%. DataTrek Research co-founder Nick Colas said the next big dip may be around the corner.
"Do not believe that any equity market stabilization is a sign of an investable bottom in US stocks since history strongly suggests otherwise and we are mindful that 2020 is running the 2008 Playbook at double/triple time,” he said in a note. “The next flush down could, in other words, be days rather than weeks away.”
Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. TOP NEWS
TOP VIDEO
CNBC PRO
SPECIAL REPORTS
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
