[palmer]

Closing the markets would be the ultimate act of panic, and would guarantee a major recession.

That's true. But also this is just a correction, and not based on any earnings changes other than the directly impacted stocks like airlines which were cut in half. They can muddle through on loans.

OTOH the worst case is that the economy needs complete restructuring due to permanent changes, lots of fatalities, etc. I don't think that is likely at all, but the markets would be critical for obtaining the capital to restructure.

Closing the markets would be akin to FDR's economic interventions. Those caused 10 years of off and on depression instead of a much quicker recovery.

[chuck allen]

Dow futures down 900...link here to watch all night..

https://www.cnbc.com/pre-markets/

[4Liberty]

"Closing the Market" and "Circuit Breakers" talk -- that is PRICE CONTROLS! Last thing we need is that.....

I know Trump is not responsible for the decades of credit expansion, but at some point, we need to have credit markets restored to sensible lending and market forces - not another trillion in monetary pumping!!!

[NRx]

Dow futures down 1041. Trading suspended due to circuit breakers kicking in to prevent crash. Gold and silver both up sharply.