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 ...
Anyone buying today has big ones.
Dow futures only down -484 right now as I write. No so bad.
Jimmy come boppin’ in off the street
And when the cuttin’ were done
The only part that wasn’t bloody
Was the soles of the big man’s feet
Yes, on Friday some financial wizard on FNB said “this is like when your favorite store is having a sale, are you gonna be walking into the store or out of it?” The hosts response..?...crickets..
“just do nothing and ride it out”............
I’m going this direction.
Many would never have understood. Thank you.
depends. if you are young and somehow have money to invest ... then I might wait for it to settle a bit more and then buy. Of course if one expects the market to always go up and never correct or crash they should not invest at all
“Wasn’t this supposed to be the “summer of recovery”...”......
Since odumbo came on board, it’s going to take a long time to “recover”, if ever.
Get ready for the WALL STREET LIMBOOOOOOOOOOOOOOOOOOOO!!!!!!
And he’s bad, bad, Leroy Brown...
Why not put a hedge on? Why take a potential 68% hair cut? You could start the road back at a higher level. There are pros who know how to do that commensurate with the size of your position.
Lots of folks have 401s and IRAs in stock funds. It won’t sink in until they get their quarterly or year end reports.
Silver and gold both down also,
Might be a time to look at them again.
Dow futures now down -529 as I write. Freefall...
Dow futures down 556 now.Is it a panic yet?
I wanna see Jim Kramer have another meltdown like the one he had in 2007.
https://www.youtube.com/watch?v=SWksEJQEYVU
Some economist is blaming the current market issues on Trump.
They say that everyday.
Dow futures down over 600 now.
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