I got worried when Kai Ryssdal opened Marketplace last Thursday with, "this is the scary part." For those not familiar, he's a voice of extreme moderation and calm regardless of what happened that day or week in the markets.

I think what we're seeing is the market trying to price in the complete halt of the worlds' economies for an unspecified length of time. Monetary policy doesn't cure coronavirus, and until we see the end of the health crisis I don't think we'll see the floor of this ongoing crash.