There Is Just One Question: Will The Fed Activate A Coordinated Central Bank Bailout On Sunday, by Tyler Durden.

With global markets in freefall, the S&P opening 3% lower and cementing its worst week since the global financial crisis; the Dow (or is thar Down Joanes) plunging more than 4,000 points this week, traders (especially levered ones) are left with just one option to stave off a career (and personal fortune)-ending margin call: praying, though not to God but rather to the Fed.

To be sure, the Fed itself has given enough reasons for this: on Monday the biggest uber-dove in history, former Minneapolis Fed and the Fed’s only negative “dot” ever, Narayana Kocherlakota penned a Bloomberg op-ed saying the Fed should cut not once but twice, and do it on an emergency basis ahead of the March FOMC meeting. …

Adding fuel to the speculative fire that a coordinated central bank action is coming is that the Bank of Korea shocked markets when it did not cut rates on Thursday, with some readers suggesting that the only reason it did not “was to preserve ammo to cut with other CBs this weekend.” …

The problem is that whereas just one week ago, the mere rumor of coordinated central bank action would have been sufficient to send stocks soaring, any attempts at a bounce for Equities … will come down to likely — and imminent — monetization of large options hedges in the market.

Sure, like printing more money is going to stop the virus. Still, if you were giving the new money to me, I might be in favor of such a remedy.