In the last 3 trading sessions the Dow has logged two of its top six worst percentage declines in history.  The Fed, already out of traditional rate cut ammo, is almost certainly contemplating more extravagant [...]

The Federal Reserve has cut its funds rate to zero (to 0.25%) and announced another wave of quantitative easing (QE4).  These actions provide confirmation that the U.S./global financial system is so dependent on stable/rising asset [...]

As the coronavirus continues to spread, activity in the financial markets suggests that the worst is not over.  The growing sense of unease was on full display yesterday when U.S. stocks plunged by the most [...]