Skip to comments.Global Markets Are Melting Down
Posted on 09/01/2015 5:12:49 AM PDT by blam
September 1, 2015
futures - Finviz
Global markets are getting smoked again.
Dow futures are down 315 points, S&P 500 futures are down 40 points, and Nasdaq futures are down 93 points.
It's a bloodbath in Europe, with Britain's FTSE, Germany's DAX, France's CAC 40, and Spain's IBEX all down by more than 2%.
Asian markets closed deep in the red, with Japan's Nikkei plunging 3.8%, Hong Kong's Hang Seng falling 2.2%, and China's Shanghai Composite tumbling 1.3%.
Here's a quick roundup of the key headlines we've gotten since US markets closed on Monday.
(Excerpt) Read more at businessinsider.com ...
Wake up the ppt.
China Market rose 100% this year alone and then correct 50%. China changed the law early this year to allow peope to buy stocks they weren’t allowed to before, that was why the China stock market increased so much
The US plunge protection team can be vicious. They will let the DJA go down 1000 points. Then they clean out the shorts by making the mkt go up 500-700 points. How does the PPT force the markets upward? I would guess-assume it is done mostly by heavy buying of S&P futures and of current market leaders
"While the market's attention overnight was focused on China's crumbling manufacturing and service PMI, data which was already hinted in the flash PMI reports earlier in August, the real stunner came not from China but from South Korea, which last night reported an unprecedented 14.7% collapse in exports, far worse than the -5.9% consensus estimate, and more than 4 times worse than July's 3.4%."
you are correct
the change is largely a reversion to the trend line
This seems to happen every time there’s the threat of an increase in interest on FDIC savings. Meanwhile, the middle class is close to being destroyed by the economy that’s evolved over those years while interest rates on savings are insanely low.
Good links there!!! I like the one how Alberta is suffering mightily as oil/energy prices plummet. I used to think that natural resource based economies like Australia and Canada were bullet proof. Both currencies are down 25-30% from two years ago.
I hear home prices are still insane in Australia. Due to Chinese/Asian buying perhaps?
Good, I got greedy last week and missed the last dip.
China apparently has only 2% foreign investors, and the majority of those who hold stock are not experienced investors. When you take people living in a communist country, and allow them to accumulate some wealth, it's probably predictable that they will panic and sell off when they see that wealth diminishing in a big correction.
The Fed is burining out equipment even as we speak trying to pump enough new digimoney into the stock market to keep it from crashing. When that fails I suspect all that money will divert into the other market, the food and consumption market. Commodity prices will probably rise like an illusory phoenix but at a slower pace than the general price rise.
It’s the Shemitah.
Savers be damned!!! Say the Fed. One of the top reasons the Fed keeps interest rates low is so the Federal gov’t pays virtually nothing to borrow. So idiot Obama has lots more leeway to borrow and spend on useless programs.
EXAMPLE: Anything the EPA and Dept of Education does is worthless or destructive
We have a winner! However, the Aussie government is very concerned about the huge increase in Chinese buying and may attempt to reduce it in some way.
additionally, many have noted that the ordinary people of China are prone to gamble. Thus, the new and not understood purchase of stocks is envisioned as a bet.
it will be taken in stride because people know that you win some and you lose some
Perhaps this is the third seal mention in Revelation 6:5-6
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