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 ...
Loooook out beloooooow!
Don’t be so hasty there. My 401 is directly affected by the stock market. I didn’t Google how many Americans have them but I bet it’s quite a few.
And anyone with a pension like teachers, cops, private pensions are all invested in the market too. That’s a lot of people.
When state and local public employee pension funds suffer losses the taxpayers end up paying for it.
“Most working Americans have 401k accounts. I panicked in 2008 and made major changes after that crash. Should have sat tight and rode the market back up. Plan to do that this time.”
Good advice, I will be doing the same. If I can scrap any money together, I will be looking to buy stocks of solid companies at the bottom.
Who is doing that?
Can’t recall the name of the man. At 7:30 a.m. today, Trump was being interviewed on Fox and Friends and one of the moderators told him about this economist’s statement. Trump, of course, had a response including something like, “I never heard of the guy.” You might be able to find a clip of the interview on the Fox News website if you want the person’s name.
When do they delay opening to slow/stop freefall?
I would like to know the reasoning. Trump talking about making better deals with China? LOL
What I have long feared and anticipated is that if things in the markets get so bad, and the crash is deep and global, Obama will move to seize all 401Ks, IRAs, TSPs, and all pension funds. It isn’t a fantasy, Google and read about the plans they have already put into motion.
I said bye bye to most of my stocks this morning.....while I was still green....
I made the mistake and did not buy in when it was down.
Sitting tight is one thing. Selling early and buying back in when it has bottomed out is another
The question is - did some people decide it was time to pull the plug, or is this happening outside of their control?
As such, we could end up with a situation where the US stock markets ends up closing way early for the day because the they tripped all the circuit breakers for an emergency trading stop.
How long do you imagine it will be yours?
The writing is on the wall for the economy :)
I think we’ve been in “continuous QE” since about 2009.
My understanding is they’ve been creating 40 billion a month out of thin air that’s been used to prop up the market.
Theoretically speaking, what would happen if everything corporate tumbled to ZERO, that hypothetically, no corporate stock was any longer worth anything? Who would own it? Who could use the plants, name brands, etc., that remained? IIRC, a ‘corporation’ is a government approved entity, isn’t it?
Just wondering. I have no answer. I don’t know enough about it myself.
Yeah; the reasons were given. Some had to do with China. Talk about grasping at straws.
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