• Spain, Italy Ban Short-Selling

    ZeroHedge - Mar 16th 2020 5:23pm EDT (Archive)

    Spain, Italy Ban Short-Selling With Europe reeling under the weight of a record number of new coronavirus cases, especially in Italy and Spain, both countries announced today they they are banning short selling for the foreseeable future. Spain’s stock market regulator CNVM on Monday banned transactions with Spanish shares involving the creation and increase in […]

  • “How To Invest When The World Stops”

    ZeroHedge - Mar 16th 2020 5:10pm EDT

    “How To Invest When The World Stops” With traders and investors living in a state of near constant panic (while working from home or their parents’ basement in the case of millennials who just got blown up on all their “growth” stocks), virtually nobody has any idea what to do in a market that is […]

  • Liquidity Panic Reaches Staples: Kraft Heinz To Fully Draw Down $4 Billion Revolver

    ZeroHedge - Mar 16th 2020 4:44pm EDT (Archive)

    Liquidity Panic Reaches Staples: Kraft Heinz To Fully Draw Down $4 Billion Revolver Last week investors were shocked when a barrage of major US corporations – including Boeing, Hilton, Wynn and a handful of PE portfolio companies – announced their decision to fully draw down on their existing credit lines. That said, for all the […]

  • Jim Quinn: Nothing To Fear But Fear Itself (& The End Of The World’s Existing Social Order)

    ZeroHedge - Mar 16th 2020 4:30pm EDT (Archive)

    Jim Quinn: Nothing To Fear But Fear Itself (& The End Of The World’s Existing Social Order) Authored by Jim Quinn via The Burning Platform blog, “So, first of all, let me assert my firm belief that the only thing we have to fear is…fear itself — nameless, unreasoning, unjustified terror which paralyzes needed efforts […]

  • VIX Closes At Record High As S&P Breaks Critical Trendline Support

    ZeroHedge - Mar 16th 2020 4:27pm EDT (Archive)

    VIX Closes At Record High As S&P Breaks Critical Trendline Support Just to provide a little focused context on US markets, three major things occurred today: 1) this was the 3rd biggest down day for stocks… ever – Great Depression, 1987 and… now Source: Bianco Research 2) VIX closed at a record high – higher […]

  • Foreign Central Banks Dump Treasuries For 17th Straight Month, Continue To Hoard More Gold

    ZeroHedge - Mar 16th 2020 4:12pm EDT (Archive)

    Foreign Central Banks Dump Treasuries For 17th Straight Month, Continue To Hoard More Gold For the first time since June, China added to its US Treasury holdings in January (the latest month from TIC data). The total for China — the second-largest holder of U.S. government debt after Japan – rose $8.7 billion in January […]

  • Amazon Hiring 100,000 Warehouse And Delivery Workers As Coronavirus-Driven Purchases Explode

    ZeroHedge - Mar 16th 2020 4:05pm EDT (Archive)

    Amazon Hiring 100,000 Warehouse And Delivery Workers As Coronavirus-Driven Purchases Explode Amazon will hire 100,000 employees in the US to cope with the surge of Americans turning to online deliveries amid the coronavirus outbreak, according to the Wall Street Journal. Employees will also earn $2 more per hour through April, along with an additional £2 […]

  • “Total F**king Carnage” – Global Liquidation Accelerates Despite Massive Monetary Intervention

    ZeroHedge - Mar 16th 2020 4:00pm EDT (Archive)

    “Total F**king Carnage” – Global Liquidation Accelerates Despite Massive Monetary Intervention The Fed unleashed a massive QE5/rate-cut/swap-line splooge overnight… From reddit pic.twitter.com/PwX3YrWPxB — Stalingrad & Poorski (@Stalingrad_Poor) March 16, 2020 And here’s what The Fed hoped it would achieve… BREAKING: Federal Reserve cuts rates to zero and launches massive $700 billion quantitative easing program pic.twitter.com/GilDEux96B […]

  • Elon Musk To His Workers: “You’re More Likely To Die In A Car Crash Than From Coronavirus”

    ZeroHedge - Mar 16th 2020 4:00pm EDT (Archive)

    Elon Musk To His Workers: “You’re More Likely To Die In A Car Crash Than From Coronavirus” Elon Musk is telling his workers that they have a higher risk of dying in a car crash than from coronavirus, in what has become the latest in a string of actions Musk appears to be taking to try […]

  • $290 Billion Fund’s Advice To Investors: Don’t Look At Markets

    ZeroHedge - Mar 16th 2020 3:45pm EDT (Archive)

    $290 Billion Fund’s Advice To Investors: Don’t Look At Markets 112-year-old Scottish fund manager Baillie Gifford has seen market crises come and go before and as Covid-19, an oil-price war and fears of a U.S. recession are slamming global markets, partner Stuart Dunbar has one key piece of advice: Don’t panic. With $290 billion under management, Dubar […]