The turbulent time continues for equity markets around the globe. Over the past couple of days, the index has hit the limit up 3 times and limit down 3 times. The magnitude and the momentum of the current price action are certainly unwitnessed before.
Yesterday, we talked about as a possible solution for the current turmoil. Policymakers are on it now, they understand if they want to stem the current crisis, they have to put all their differences aside and do whatever it takes to restore the confidence. The US, the UK, and the EU announced a series of ambitious measures to ward off a possible deep recession.
French and Spanish governments announced a package of 45 billion Euros and 200 billion Euros respectively. There are also strong possibilities of nationalizing some of the companies in France which aren’t able to survive. Over in the UK, the Chancellor announced 330 billion pounds of government-backed loans and guarantees to help businesses. An additional 20 billion…
