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 ...
What stocks are you considering? I’ve got a couple that I’m ready to buy more of - XOM, BP, RDS/B. I’ve been buying Big Oil all summer on the dips.
Then again, he could be Wong...
A gift for Mr Sanders.
Watch him jump in the polls.
It would still have owners who beleved it had value.
The stock price is what others think it’s worth.
Come on. Don’t use logic here, this is a FR panic thread!!!!
“Well, I should be sittin’ in an air conditioned office
In a swivel chair
Talkin’ some trash to the secretaries
Sayin’, here, now mama, come on over here”
I know people that actually think like this.
Yep, figured they would shut ‘er down today and halt it.
It ain’t over yet people.
And none of the doomsayers here have the stones to put up their money and short the market. None of them.
There will be a quick recovery and another downturn, repeated by the same until the big one hits.
Casino owners have long known that variable interval reinforcement will suck a gambler into continuing their play until they lose all their money. In other words, the more fluctuations that occur (alternating wins and losses with variable intervals) prior to the big collapse the more suckers will ride it to the bottom.
That’s why there is a chance our next president will be a casino owner!!!
they are already calling this a 10% correction, not a panic market.
The distinction is very clear the powers that be are already pumping up the propaganda too.
“10% corrections normally occur an average of twice a year. We haven’t had one in over four years since 2011. Having experienced a market that has gone basically in one direction with very little pullback since the bottom of March 9, 2009, we’re all a little spoiled”
It is going to be a while, partner
Going to be a while.......
Think ‘08 and ‘09 bad in my opinion.
When it corrects by that percentage, then maybe, just maybe buy back in.
Well, yes, it’ll be just like ‘08, because it’s part of the 7 yr cycle.
This one could be far worse, if the prophetic stuff has any merit.
I look for some catastrophic event to happen next month.
Looks like the PPT went to work this AM. Apple stock made a huge round trip in little time.
I agree, this is just a glimpse of what is to come.
Market bled a little last week...little more today...
The fact the talking heads are already calling this a 10% correction, when they themselves aptly point out we have had a correction since 2011! You can’t let the air out of a bubble without it eventually bursting. A balloon, yes; but not a bubble.
I tentatively agree.
My only hold back is the commodities market was way over valued last year, and has been dropping most of the year. The “mad money” is running out of places to go.
I honestly thought to see another stock bubble as people fled commodities.
I’ll be derided and ridiculed for stating this, but our collective embrace of immorality and wickedness is at root of this decline. We had a month and a half after marriage was redefined and tacitly “accepted” by those who should not have stood still for it. Now, the judgment will be severe.
Knaw, not yet. This has been long overdue based on normal market fundamentals.
It is all tied to China’s failing economy. Every commie/socialist economy fails and when we do so much business with them, we are going to take the hit too.
And those equities are?
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