[Zakeet]

... and all the money printing ... and all the market rigging ... and all the regulating in the world can't stop this panic ... but you don't need to worry cause it will never, ever spread to the U.S. ... cause we've got brilliant and honest leaders in the government and on Wall Street!

[2001convSVT]

Like a stone dropped into a lake there will be ripples, everywhere.

[MeneMeneTekelUpharsin]

Fasten your seatbelts.

[dfwgator]

[Carry_Okie]

Since the Shanghai Composite peaked in June, it has lost 28% of its value. Massive intervention by authorities in Beijing engineered a rebound for the country’s stock markets earlier this month, but Monday’s selloff eroded much of that recovery.

28% is a correction, not a crash. From 1929-33 the Dow lost 85% of its value. That's a crash. From 1966-82, it lost 81% of its value. We don't call that a crash, but it sure as hell was nasty. From 2007-2009, it lost 46%.

That money being put into Chinese cash has to go someplace. We'll see.

[Raycpa]

Time to buy.

[bert]

It is my understanding that the decline is a reversion to “normal”.

The stocks run up by ricksha pullers and shoe shine boy purchasing exuberance coupled with granma gambling in the market rather than her normal mah jong game produced the run up. It could not be sustained and panic selling set in

now is the time to watch and buy

[dfwgator]

Maoists are chomping at the bit to regain power in China, and start a new Cultural Revolution.

[Fitzy_888]

Currently, they are only threatening “malicious sellers” arrest.

We won’t know they have hit bottom until sometime after the communist party has executed sellers.

That’s how communists improve “market sentiment”.

[Starstruck]

Wouldn’t do it now or in this world market but in 1987 the guy who sat next to me at work and myself were heavily invested in a high risk mutual fund (Magellan I think) We were both about 40. In October when the market plunged 25% he went into the panic mode. I said I didn’t want to take the loss and decided to average down. Two years later I was well ahead of where I was and he was cowering with his losses in a money market fund. 40 was just too young to not ride out the market at that time.

[Zathras]

I told my broker a year ago that things were starting to feel very similar to ‘98 and he disagreed.
Two months ago he changed his mind and agreed with me.
We have moved from investing to gambling...again.

You can make $$$ gambling, just not long term.

[montag813]

The equivalent of 1,487 Dow points down