It Has Begun: The Stock Market Crash Nobody Believed Was Coming Is Already Upon Us

Chaos is taking over stock markets all around the globe. Traders have been in a total panic since last Friday, when a number of leading stocks crashed and oil prices significantly plunged, after a wave of infections caused by a new virus variant was recorded in South Africa and several European countries, leading to another round of lockdowns, travel restrictions, and reigniting concerns about the economic impacts of the health crisis. The S&P 500 had its worst day since February as several nations around the globe, including the US, reimposed travel bans from a half-dozen African countries. The sudden uncertainty spooked otherwise bullish investors who had thought that the worst of the health crisis was over. The prospects of new prolonged and strict lockdowns disrupting global production have shaken the market, which had seen a robust performance in recent weeks. However, according to some market watchers, this initial reaction was just the beginning of the meltdown. As countries continue to assess the ri