Really short on time this AM, a bit sloppy for this post.
TARP and TALF were the monetary back stops for the 2008 market melt, the last chance at the time. Aside from the state of the equity side of life and the focus there; the forgotten parts regular investors don't think about much; is the health of the "other" monetary areas of the economy. There are the every day, don't pay much attention to; large institution that are important in many aspects of everyday life; being large insurance companies and pension funds.
One example: As a result of the 2008 market melt, Lincoln Financial Group purchased a small S & L in order to qualify for a bail out package. The organization was at the edge of collapse.
More on this and a few links are at this April, 2017 MFO page.
The below Fed Act is a broad search, so you'll have to pick and choose by newest date for likely best review; if you have interest in this.
Federal Reserve Act, Sect. 13(3)
CNBC article
Overview, IMHO: Gonna have to be a pile of fiscal action via Congress, aside from whatever is "legal" from the Treasury or Fed. Reserve.
Will repeat, Treasury check to the adults; and $2 Trillion other money; as a start
Hey, what do you think???
Take care of you and yours,
Catch

The US does have more ICU beds per capita than other countries as the graphic shows. A Johns Hopkins page provides similar data.
That's certainly one measure of preparedness. But it's just one of many and IMHO underscores how the US healthcare forces are underprepared and poorly utilized compared with other countries. The Johns Hopkins page notes that the limiting factor on ventilator therapy is not the amount of hardware available but the number of medical professionals in the field.
Under normal circumstances, a country having a greater reserve capacity as measured per capita means that it is more likely to be able to handle a surge in medical needs without suffering additional deaths. But in extraordinary circumstances, a surge can far exceed capacity.
The number of additional deaths is then determined primarily by the spillover of the surge, not by the comparatively small number of ICU beds available. This is why the critical factor is not the number of ICU beds per capita but how well a country spreads out the surge, i.e. "flattening" it by early intensive government intervention.
It's not just ICU beds and ventilators that are needed. It's a whole infrastructure - health care professionals, hospital beds in toto (where the US lags far behind per capita), it's an integrated healthcare system (e.g. Taiwan is able to ration masks to ensure availability), and so on.
The US is very good at spending money on the most expensive equipment and drugs. Not so good at allocating resources where they can do the most good for the most people.
It provides the best medical care money can buy, even if that best care is bought from other countries.

https://www.insidermonkey.com/blog/hedge-fund-and-insider-trading-news-ricky-sandler-anthony-scaramucci-ray-dalio-lansdowne-partners-raymond-james-financial-inc-rjf-chimerix-inc-cmrx-and-more-819926/
Hedge Fund and Insider Trading News: Ricky Sandler, Anthony Scaramucci, Ray Dalio, Lansdowne Partners, Raymond James Financial, Inc. (RJF), Chimerix Inc (CMRX), lost during outbreaks
Totally Understandable,’ Scaramucci Says (CNBC)
It’s “totally understandable” why U.S. stock futures plunged after the Federal Reserve’s latest moves to counter the economic hit from the coronavirus outbreak, said Anthony Scaramucci, a hedge fund investor who briefly served as President Donald Trump’s White House communications chief. “The reason why markets are selling off right now is we have a ton of information about the virus, but a very, very little amount of understanding,” Scaramucci, founder and co-managing partner of Skybridge Capital, told CNBC’s “Capital Connection” on Monday

https://www.fool.com/investing/2020/03/16/coronavirus-crash-should-you-buy-bonds-right-now.aspx
/The COVID-19 outbreak has thrown global stock markets for a loop, with the Dow Jones Industrial Average (DJINDICES:^DJI) down almost 30% from their recent highs. Those with stock-heavy portfolios are scared to look at their brokerage statements because of the losses they've likely endured./
Imho maybe best have diversed portfolio in these market conditions because difficult find bottoms and stocks may have rebounds massive upswing days/folks sitting too much bonds may miss those boats

Interesting thoughts. I assume the big investment banks use models of this sort. I know Goldman Sachs has recently predicted a significant drop in GDP - from the attached:
“ The coronavirus pandemic will drag the US into a recession after a sharp decline to economic activity through the first half of the year, Goldman Sachs said Sunday.
GDP growth will slow to a halt in the first quarter before shrinking 5% in the second quarter, the bank's analysts wrote.”
https://markets.businessinsider.com/news/stocks/economic-recession-forecast-coronavirus-fuel-us-gdp-contraction-market-goldman-2020-3-1028999426

https://www.marketwatch.com/story/dont-look-at-your-401k-2020-03-16
/Don’t look at your 401(k)
Published: March 16, 2020 at 9:51 a.m. ET
By Brett Arends
Yes, it’s down now — but that won’t matter when you retire/
Best advice heard all day
Along with getting few kegs Heineken

https://www.sec.gov/Archives/edgar/data/915802/000139834420006030/fp0051857_497.htm
FINANCIAL INVESTORS TRUST
SUPPLEMENT DATED MARCH 16, 2020 TO THE SUMMARY PROSPECTUSES AND
PROSPECTUS FOR THE GRANDEUR PEAK GLOBAL MICRO CAP FUND AND GRANDEUR
PEAK INTERNATIONAL OPPORTUNITIES FUND (EACH A "FUND," AND TOGETHER,
THE "FUNDS") DATED AUGUST 31, 2019
Effective March 18, 2020, the Grandeur Peak Global Micro Cap Fund will reopen to shareholders who currently hold a position in the Fund. Financial advisors with clients in the Fund will be able to invest in the Fund for both existing as well as new clients. The Fund is already open to all participants of retirement plans currently holding a position in the Fund.
Also, effective March 18, 2020, the Grandeur Peak International Opportunities Fund will reopen through financial intermediaries to financial advisors who currently hold a position in the Fund. Financial advisors with clients in the Fund will be able to invest in the Fund for both existing as well as new clients. The Fund is already open to all participants in existing retirement plans in the Fund. The Fund is also already open to both existing and new shareholders who purchase directly from Grandeur Peak Funds.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

https://www.forbes.com/sites/robisbitts2/2020/03/16/crash-course-to-beat-bear-markets-invest-differently/#18d977e7e023
Crash Course: To Beat Bear Markets, Invest Differently
At a time where many investors are in sudden panic mode, investors who have developed an all-weather approach to investing are weathering the storm. Since history tells us that bear markets, like bull markets, tend to be much deeper and longer than most expect, it is not too late to learn and implement some approaches that will help keep your emotions in check, and your retirement plans intact.

https://www.marketwatch.com/story/how-far-can-stocks-fall-coronavirus-market-turmoil-has-investors-asking-whats-priced-in-2020-03-15?siteid=yhoof2&yptr=yahoo
How far can stocks fall? Coronavirus market turmoil has investors asking what’s priced in
The most brutal week on Wall Street since 2008 saw stocks complete their fastest ever fall from all-time highs to a bear market. Here’s how some investors are attempting to assess what’s priced in and where markets go from here.

Do not look so rosy.

Retail sales plunged 20.5% during January and February over the same period in 2019, industrial output was down 13.5%, and fixed asset investment fell by nearly 25%, according to the National Bureau of Statistics. All three data points were much weaker than analysts were expecting, and the decline in industrial production was the sharpest contraction on record.
The data for March could be even worse.
"The slump in February was diluted in the data by being averaged with January, when most of the disruptions were yet to be felt," said Julian Evans-Pritchard, senior China economist for Capital Economics.

The Fed just shot their bolt. Or maybe they were giving a one finger salute to the White House and Capital Hill.
Let's get fiscal, fiscal
I want to get fiscal
Let's get into fiscal
Let me hear your policy talk, your policy talk
Let me hear your policy talk

A look at pre-market (9AM) issues for Treasury/corp. items:
--- SHY = (1-3 yr bills) +.3%
--- IEI = (3-7 yr notes) +1.2%
--- IEF = (7-10 yr notes) +1.9%
--- TLT = (20+ Yr UST Bond +4.3%
--- EDV = (Vanguard extended duration gov't) side ways all pre-market morning
--- LQD = (corp. bond proxy) -5%
Midnight/Monday found the most positive actions with most of these issues. The positive price gains at 9AM pre-market have dropped overnight.
Reference note: long term Treasury's were +11% range at 1am
I can't offer more, and will watch, too.

http://presstories.com/2020/03/14/trump-also-loses-money-in-the-markets/
Trump also loses money in the markets
President Trump, the first self-proclaimed billionaire to occupy the White House, has long claimed that he is one of the best businessmen and investors in the world.

Bernard Baruch supposedly said that he made his money selling too early.
It's too late now to seek to preserve principle, or make gains, unless you have cash you think you can deploy wisely to some positive end.
You have to hope that your over-all economic plan is sufficient to get you through the shocks that do come.
If you have to sell in this environment you need to reevaluate your plan. And I hope you have time to right the ship.
If you have some cash to play with, you have it regardless of most of the advice that typically out there during good times. Congratulations.
I like to hold cash because I believe the central banks of the world have been fighting deflation since the dot com bust.

"Fear" for sure. Also this cut is on Sunday so that it stabilizes the market comes Monday morning.
CNN this morning discussed that the Fed may purchase assets just like back in 2008 crisis. This includes bonds, stocks and ETFs!
In 2008 the Fed bought only asset-backed bonds. https://federalreserve.gov/newsevents/speech/yellen20110108a.htm
This is panicking.
Messages coming from WH are childish:
1. "don't buy so much. we have plenty" The basis of hoarding TP and other stuff stems from the lack of confidence from the government.
2. "we have great control of spreading of the virus" - pure non-sense and US is 2 months behind to carry out the pandemic plan that Trump defund the White House Pandemic Office (part of the National Security Office). https://washingtonpost.com/outlook/nsc-pandemic-office-trump-closed/2020/03/13/a70de09c-6491-11ea-acca-80c22bbee96f_story.html
Dr. Antony Faui of NIH spoke on CNN and deliver sound and clear messages of the situation.

Overheard in Washington: "Hrmm, that's not supposed to happen."
Buckle up. folks....Asia opens soon. And we're already limit-down on the US futures.

Dollar, Equity Futures Drop as Fed Slashes Rates (Bloomberg via Yahoo)
https://finance.yahoo.com/news/yen-extends-gains-fed-slashes-210909833.html

Futures on the S&P 500 fell 3.9%. The gauge advanced 9.3% on Friday.

Also because, as @PRESSmUP put it, "Smells like fear."

Dollar, Equity Futures Drop as Fed Slashes Rates (Bloomberg via Yahoo)
https://finance.yahoo.com/news/yen-extends-gains-fed-slashes-210909833.html

Futures on the S&P 500 fell 3.9%. The gauge advanced 9.3% on Friday.

Also because, as @PRESSmUP put it, "Smells like fear."

@Crash FWIW. These are just a few random thoughts....
It doesn't surprise me that many bond funds took a hit this week. Maybe the bond market is in an "early stage" and rather dysfunctional way saying the bottom is approaching on interest rates (zero percent is a pretty low rate!). Doesn't the NAV for most multisector bond funds tend to decrease as rates start to bump off a rate bottom? (I suspect the current bump was partly related to technical issues and is just a bump for the time being.)
I am not convinced the world as we know it is coming to an end. Its my sense the Fed will move heaven and earth to keep credit flowing and prevent a total meltdown in the bond markets...zero percent discount rate, quantitative easing, and new tricks yet to be unveiled. Here is a look at the state of the bond market. It can profitably be read just for the generalist highlights.
https://seekingalpha.com/article/4332039-when-black-swans-collide
A recession is likely in the offing. So, I suspect the fiscal floodgates will open to prop up the economy over the next year or so.
https://washingtonpost.com/business/2020/03/14/recession-economy-coronavirus-jobs/
My thought is the markets and the economy will move past this. The PTIAX dividends will keep arriving and management is skilled enough to make lemon aide out of the lemons. (I own some too.)
Maybe I acted too early, but on Friday I bought some more ZEOIX (down 2.94% year to date) and initiated a postion in RCTIX (down 0.56% year to date).

Many investors freeze up when it comes to picking a mutual fund
https://www.nj.com/times/2020/03/many-investors-freeze-up-when-it-comes-to-picking-a-mutual-fund-szymanski.html
Thx to mfo, things maybe little easier to digest/ ,pick at this forum

March Sadness:
https://wealthtrack.com/wp-content/uploads/2020/03/March-Sadness-Continuing.pdf
Tipping Point for the Global Economy:
https://westernsouthern.com/fortwashington/insights/tipping-point-for-the-global-economy