The markets around the world have stopped trading after a huge spike in demand caused a stampede of traders at the start of the trading day, and that caused a massive crash in stocks.
Here’s what you need to know about how this happened.
1:20 The biggest stock market crash since 1929 is under way: The market was trading at $1,742.90 a share on Friday when the panic hit, with the S&P 500 down by more than 2,000 points.
The biggest market crash in history has also happened in the US: The Dow Jones Industrial Average was down more than 7,000 for a total of 3,077 points.
“I’ve seen people who were in the front rows in the S.E.C. on Friday who were there for the coronavirus scare, they were standing in line for hours and hours to get into the market.
It’s very hard to get out of the market when you’re so worried,” says Michael Fauci, chief investment officer at Capital Advisors.
Investors have been trying to sell their stocks for days as investors flee the market and people panic to sell.
The Dow was up by 1,400 points, but the S &.
P 500 fell more than 3,000.
“We’re seeing some people who would normally not be in the market for the S,” says Fauces chief investment strategist, Peter Kreeger.
“There’s some panic.”
Faucis says that while it’s normal for people to panic, the market has to keep trading to avoid the stampede.
“At this stage, the stock markets are very, very resilient,” he says.
Investors are still buying shares on the S, and if you have a buy order on a stock and then the market drops, the buy order is not applied to that stock.
So investors have to wait until a time when there’s no more orders to buy.
Fauccis says it could be a week or two before people are selling stocks on the market again, but that will probably not happen until next week or the beginning of next month.
Fausci says that for now, the biggest market fall is the S and it could get worse before it gets better.
“The S is not in the sights of the SEMA,” Faucsi says.
He says that the S will probably fall by 500 points, not the 1,700 points that some people are reporting.
There are no signs of a selloff yet.
The stock market has been trading up for weeks, and people are now buying shares at a record pace.
But the market was up about 1,600 points in the morning on Friday.
The rally came after a series of huge trading days this week, when major technology stocks surged, including Microsoft, Amazon, Facebook and Google.
The stocks have now been selling off their gains, with Microsoft down more as much as 15%, Amazon down by 20% and Google down about 10%.
“The last three days have been phenomenal, but this is the biggest selloff since 1929,” Fausi says, pointing out that the last big market selloff was in January 1929.
“And this time, it is really severe.
This is the largest selloff we have ever seen.”
The big jump in the price of the stocks is what caused a huge drop in demand, and a stampeded crowd of traders was needed to buy and sell stock, as people panicked to sell before the stampedes could start.
This caused a surge in the number of traders, as well as a surge of people buying shares and making them sell, and then people trading at a loss to get a gain.
“If we had just had a few million people trading on the internet at once, we would not be seeing this level of demand,” Faucis says.
“This is not the type of volume we normally see.”
But Faucci says there is a small chance that it could go higher, as the market may have reached a peak, but is still below the historic lows.
He thinks that as long as there are some buyers, the prices will be relatively high.
“People are still very nervous about this, but if we do see a sustained rally that is driven by a sustained run up in demand that is not driven by fear of contagion, then we may see that we can see a recovery,” Faugis says, adding that he believes that the markets are in good shape.
“For now, we are very optimistic, we believe that the market will stabilize around the middle of next week,” he adds.
But if the market doesn’t stabilize soon, it could drop again, and Fauffi says that could lead to a big correction.
The price of bitcoin is trading at more than $11,000 a coin, and many people are buying and selling shares on both the SMA and NASDAQ, the major exchanges for the electronic