Dow futures briefly drop 150 on weak data, Europe jitters

cnbc ^ | 10-15-2014

[Citizen Zed]

Futures lost about 1 percent as investors were unnerved by word of another Ebola case diagnosed in the U.S., along with a more than 7 percent drop in the Greek markets that drove a flight to safety in German bunds, with the 10-year bond trading below 0.8 percent.

Meanwhile, German Bund yields fell to a record low on Wednesday as worries over a deteriorating euro zone economic outlook, fed by another credit rating blow for France, and "free falling" inflation expectations dominated the market.

Elsewhere, Asian markets erased early gains to trade mixed midday, as Chinese inflation data slowed more than expected to 1.6 percent in September, adding to concerns over a faltering global economic recovery. In Europe, meanwhile, markets traded slightly lower on the back of gloomy euro zone data on Tuesday.

[Citizen Zed]

Still down 150.

[Eric in the Ozarks]

Thanks, Obola.

[Starboard]

Down 267 at this moment. Look out below!

[Starboard]

He’s not done “transforming” the nation yet. Two more long years to go.

[dfwgator]

So at what point is this officially a ‘correction’?

I still say Ebola is the main reason for the big drops, though no one wants to say it. Insiders know the truth.

[Blue Highway]

Down over 300 now...

[Blue Highway]

Sharply down at -363 and falling!!!!!

[The Sons of Liberty]

09:38 EDT Dow down 346

Fell right through 16,000.

[Cringing Negativism Network]

-350

[wbill]

I was doing the math the other day. With the drop today, we're within 1.5% of the "10 percent" needed to be considered a correction.

I think that a little correcting has been in order for awhile.

[wbill]

Although, looking at the Dow this morning, I think that the question to ask is "When do the automatic circuit breakers kick in?".

-350 and dropping.

[rovenstinez]

I am feeling like we´re getting real close for some HOPE AND CHANGE:

[MeneMeneTekelUpharsin]

It’s only down -322 now. No worries, man.

[wbill]

Oh, is that all? ;-)

[catnipman]

I’ve been saying all along that the market jitters were from Ebola and NOT the “finantical” BS they had all been claiming. Looks even the lame stream media has figured this out now.

[Blue Highway]

you forgot to add, “Treating Ebola is HARD. Having said that, Ebola is not easy to catch.”

[Awgie]

“I still say Ebola is the main reason for the big drops, though no one wants to say it. Insiders know the truth.”

My speculation also. Obola has the chance to due to the US and world economy, that which terrorists only dream about.

[OneWingedShark]

Can it go below 15,000?
We shall see!

[Starboard]

We could easily see a 10-12% correction IMHO. Lots of economic headwinds for world markets right now. Also lots of fear out there.

[Starboard]

Actually there are a combination of factors impacting the markets, many of which are geopolitical. There were also a couple of bad domestic economic reports today that rattled the markets.

But overall the USA is a mess — nearly everywhere you look things are not good. The anxiety level is rising and the worries over Ebola are certainly adding to the general fear level.