The longest bull market in US history is officially dead

The selloff didn’t take a break for lunch. At midday, US stocks are near their low-points of the trading day.
The Dow fell more than 9%, or 2,140 points. At its low-point, the index had shed more than 2,200 points.
The S&P 500 slid by 8.2%. The index tripped a circuit breaker this morning, falling 7%, which briefly halted trading. The next circuit breaker will be triggered if today’s decline stretches to 13%.
The Nasdaq Composite is down 8.1%.
The policy response to combat the fallout from the coronavirus outbreak is still leaving investors wanting something more.
A bill for a coronavirus response package will be brought to a vote in the House of Representatives today, but the White House has been skeptical of it.
«The virus remains uncontained in Europe and the US, and although we have seen some stimulus measures from policymakers, it is unclear if it will prove comprehensive enough to mitigate the economic damage arising from coronavirus containment measures,» said Mark Haefele, UBS Global Wealth Management’s chief investment officer.
