Market Massacre: Oil Crashes 30%, Dow Down 1,000, VIX Explodes As Spoos Crater

• Market Massacre: Oil Crashes 30%, Dow Down 1,000, VIX Explodes As Spoos Crater
  by Tyler Durden, https://www.zerohedge.com/
  Following what may have been the most drama-filled weekend since “Lehman Sunday”, in which we saw not only another major spike in covid cases around Europe and the US, but also the total collapse of OPEC after Saudi Arabia unilaterally decided to flood the market with deeply discounted oil in a desperate attempt to crush the competition (yet which may backfire and soon lead to riots in Riyadh), markets are reacting appropriately and just like during Lehman Sunday, everything is crashing:
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  * S&P emini futures are down more than 4% in early trading, plunging as low as 2,845 and fast approaching their limit down price of 2,819 as investors around the world puke risk in an unprecedented fashion.
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  * Dow futures are down more than 1,000 points unwinding all of Friday’s remarkable late-day rally and then some…
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  read more.

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