Posted on 08/24/2015 2:24:49 AM PDT by Enlightened1
U.S. stock futures opened lower on Sunday after Wall Street recorded its worst day since 2011.
Dow Jones industrial average futures opened down about 80 points and shed as much as 163 points before holding at about 124 points lower.
S&P 500 futures opened down 12.50 points and fell as much as about 18 points before holding at about 14 points lower. Nasdaq futures fell 33 points at the open before falling as much as 44 points and were last down about 35 points.
Asian shares sold off dramaticallyat their open as well, with Tokyo sharply lower and all eyes on where China's markets would start the day.
Mohamed El-Erian, chief economic adviser at Allianz, said in a tweet that, without new policy announcements and no positive economic news, selling will continue.
U.S. Treasurys held firm on Sunday, with the 10-year note yielding about 2.05 percent, not far from its Friday close.
"I think the bond market into the end of next week is going to operate on its own devices. There are some technical things with the end of the month. It's also the end of the summer…People don't want to get involved at these levels," said George Goncalves, head of rates strategy at Nomura Securities.
On Friday, U.S. equities fell about 3 percent across the board, with the Dow Jones industrial average entering correction territory for the first time since 2011. The Nasdaq Composite also closed the session in correction territory.
European stocks also fell sharply on Friday, with the German DAX and the FTSE 100 index closing down 2.95 percent and 2.83 percent, respectively, as concerns over global growth weighed on investors.
In China, the Shanghai Composite dropped 4.2 percent after disappointing factory growth figures were released, with Japan's Nikkei 225 following suit, plunging down.
(Excerpt) Read more at cnbc.com ...
Pulled all my stock funds out in Sep 14 with the DOW at about 17300. Been waiting for this to happen.
Or maybe let’s hope the damned thing crashes and we get back to a normal economy
...especially if you live in a city...don't want to be hit by anyone leaping from a building.
I pulled everything out and moved to safe accounts in July at 18,100. Phew. My investor thought I was making a mistake. I got an email from him yesterday giving me a thumbs up on my timing. All thanks to God and Jonathan Cahn.
I’m 40% cash. I’ll throw all of that into the market when there’s another 12% drop.
Que Sera, Sera
Off 388 as I post - what could happen that hasn’t already happened? The sand has been washed away enough that the lack of foundation is showing.
Oh, c'mon. He's the one on the campaign trail talking about the US approaching a very dangerous milestone of $20 trillion federal debt. Do you seriously think he doesn't have some of the most knowledgeable advisors on earth managing his billions?
I wanna see Jim Kramer have another meltdown like the one he had in 2007.
https://www.youtube.com/watch?v=SWksEJQEYVU
Short EVERYTHING!
Dow futures just down 600
Kramer is a tool, and nothing more than PT Barnum masquerading as a financial guru. I view his show as financial comedy.
No one knows the bottom, but if your prediction is true, we are in scorched earth territory. .
Let’s put Kramer on the Biden ticket.
Biden/Kramer 2016!
It’ll be a laugh a minute!
Will do! Just as soon as but in.
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