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Dow futures tumble as Wall Street preps for meltdown
CnbC ^
| 8/24/2015
| Jenny Cosgrove
Posted on 08/24/2015 4:00:11 AM PDT by EBH
U.S. stock index futures screamed lower, with Dow futures (Chicago Board of Trade: @DJ.1) tumbling more than 400 points, as fears surrounding the health of China's economy multiplied.
These concerns saw the benchmark Shanghai Composite (Shanghai Stock Exchange: .SSEC) index notch up its biggest one-day percentage loss since 2007 on Monday, closing down 8.5 percent .
Panic spread to European markets, with the pan-European FTSEurofirst 300 (FTSE International: .FTEU3) as much as 3 percent in early London trading. All major bourses were off a similar amount. The index has shed over $1 trillion in market value in August so far.
(Excerpt) Read more at finance.yahoo.com ...
TOPICS: Breaking News; Business/Economy; Front Page News
KEYWORDS: china; commodities; futures; palinwasright; stockmarket; stocks
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To: John W
Me too, lost 800 dollars in the last two days. I have retired but I was not planning on using the money I invested in the stock market. Sure hope my TSA is safe though.
141
posted on
08/24/2015 6:57:25 AM PDT
by
mware
To: dennisw
Chevron down 43%. Energy stocks are looking good.
Apple was at 91-92 now at 101
142
posted on
08/24/2015 6:58:22 AM PDT
by
Chgogal
(Obama "hung the SEALs out to dry, basically exposed them like a set of dog balls..." CMH)
To: grumpygresh
The jolts don’t seem to be holding...for now.
143
posted on
08/24/2015 6:58:33 AM PDT
by
Jane Long
("And when thou saidst, Seek ye my face; my heart said unto thee, Thy face, LORD, will I seek")
To: jpsb
I’ll do it only if Cramer sez so.
To: mware
Just remember, not a loss until sold
145
posted on
08/24/2015 7:02:14 AM PDT
by
AU72
To: VTenigma
And may the odds be ever in your favor...
146
posted on
08/24/2015 7:07:38 AM PDT
by
Old Sarge
(I prep because DHS and FEMA told me it was a good idea...)
To: All
-452.22 / -2.75%
big deal.... that’s just a hiccup on the to 0bamaVille
147
posted on
08/24/2015 7:10:13 AM PDT
by
dennisw
(The first principle is to find out who you are then you can achieve anything -- Buddhist monk)
To: MrB
To: null and void; Nachum; Kartographer; LucyT; butterdezillion; INVAR; Dick Bachert; GOPJ; BCW; ...
H/T to our FRiend EBH for starting the thread.
Ping your respective lists, if you hold them.
It begins.
For thus has the Lord said unto me:
Go, set a watchman, Let him declare what he sees.
Isaiah 21:6
The Watchman Ping List - FReepmail Old Sarge for details!
149
posted on
08/24/2015 7:12:59 AM PDT
by
Old Sarge
(I prep because DHS and FEMA told me it was a good idea...)
To: huldah1776
Hearing rumors that The big O is going to speak to this today. Is this true? Someone tell him to be quiet, he will only make it worse.
To: Extremely Extreme Extremist
The market has been propped up by easy money for years. Only Ron Paul and Governor Palin has talked about this. So when the cap hits the fan, therell be more calls for a bailout and Wall Street will be demonized. Don't they deserve it? They've been financing these conditions from K Street for decades.
151
posted on
08/24/2015 7:16:32 AM PDT
by
Carry_Okie
(The tree of liberty needs a rope.)
To: MustKnowHistory
When O speaks ....in the “woods,” does anyone hear him?
152
posted on
08/24/2015 7:17:02 AM PDT
by
goodnesswins
(hey..Wussie Americans....ISIS is coming. Are you ready?)
To: RayChuang88
Remember, there are traders with US$4 TRILLION in cash-equivalent liquid assets waiting on the sidelines to jump in as bargain hunters. You could see that happen when the DJIA drops to 12,000.Including myself. Right now there are nine equities on my radar screen that I waiting for them to reach the price target i want. Unfortunately these have rebounded today, so the wait continues.
153
posted on
08/24/2015 7:17:50 AM PDT
by
catfish1957
(I display the Confederate Battle Flag with pride in honor of my brave ancestors who fought w/ valor)
To: MustKnowHistory
He would only speak to make sure everyone knew it wasn’t his fault.
154
posted on
08/24/2015 7:18:53 AM PDT
by
John W
(Less Than Two Years of ISIS Best Friend Left)
To: mware
You invested in the Transportation Security Administration? I know acronyms overlap sometimes.
155
posted on
08/24/2015 7:19:47 AM PDT
by
xp38
To: catfish1957
Just wait until next month. You can buy those stocks for pennies.
156
posted on
08/24/2015 7:27:36 AM PDT
by
SVTCobra03
(You can never have enough friends, horsepower or ammunition.)
To: EBH
157
posted on
08/24/2015 7:28:46 AM PDT
by
blam
(Jeff Sessions For President)
To: blam
158
posted on
08/24/2015 7:32:37 AM PDT
by
Jane Long
("And when thou saidst, Seek ye my face; my heart said unto thee, Thy face, LORD, will I seek")
To: SVTCobra03
Just wait until next month. You can buy those stocks for penniesWhy...are you expecting an asteroid?
159
posted on
08/24/2015 7:33:37 AM PDT
by
catfish1957
(I display the Confederate Battle Flag with pride in honor of my brave ancestors who fought w/ valor)
To: blam
They failed apparently. Dow’s back down near -500 and looks to drop legs as the day goes on.
It’s the Obamacononmy.
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