Global Markets Are Melting Down

BI ^ | 9-1-2015 | Sam Ro

[blam]

Sam Ro
September 1, 2015

futures - Finviz

Global markets are getting smoked again.

Dow futures are down 315 points, S&P 500 futures are down 40 points, and Nasdaq futures are down 93 points.

It's a bloodbath in Europe, with Britain's FTSE, Germany's DAX, France's CAC 40, and Spain's IBEX all down by more than 2%.

Asian markets closed deep in the red, with Japan's Nikkei plunging 3.8%, Hong Kong's Hang Seng falling 2.2%, and China's Shanghai Composite tumbling 1.3%.

Here's a quick roundup of the key headlines we've gotten since US markets closed on Monday.

(snip)

[july4thfreedomfoundation]

I heard that guy on “Coast to Coast” last night.

He said a rate increase would stimulate the market, and the Dow could reach 25,000 - 30,000!

I turned off the radio after saying WTF?

[blam]

NYSE invokes Rule 48 for open, Dow futures briefly tumble more than 400

[Buttons12]

How come Africa never gets overrun?
(j/k, I know why. You need wealth creators there, not bandits.)

[RayChuang88]

I do worry that we may have a repeat of the 1930's: severe economic malaise and increased political extremism that only leads to one thing: a general world war.

Harry Dent in his last few books prophesized that the period between 2015 and 2018 will be a time of increased world war risk (because war becomes the newest instrument of economic policy); if we can survive this without getting into a world war, from 2020 to 2030, it will be a repeat of the 1980's as we begin the transition away from petroleum.

[ShadowAce]

You’ve got yourself quite a flight of fancy there, Ray. There is no way we escape war here. The only question is when it will happen.

[laplata]

Yes.

[laplata]

I heard that fool spout that and turned it off as well.

One I don’t like is Catherine Austin Phipps. She impresses me as a snake in the grass. Noory should stop having her on.

[Deo volente]

How farmers from rural China bet on stocks and lost

[laplata]

You are right. And this time the continental United States will get hit.

[Buckeye McFrog]

so, anyone STILL think the Fed is gonna raise rates??

[fella]

Does this mean that the current sucker bump is over?

[RayChuang88]

I think the only reason why we haven't had a general world war since 1945 is the threat of the use of nuclear weapons. Also, unlike the 1930's, we didn't have two countries engaged in warmongering and actual military action on a large scale (Germany and Japan); there is fear of regional conflicts, though.

[Lou L]

They keep calling this a “correction” in the mainstream media, but it has a feel of 2008 about it.

[al baby]

“Too much sellin goin on out there” said in a Southern dwal

[MeneMeneTekelUpharsin]

Bump for reference.

[goodnesswins]

I wonder...my son works in construction management (apartments, homes) in the Western Washington...I-5 corridor area...he keeps saying a crash is coming in real estate market.

[citizen]

If I’m reading your graphs correctly: Current and past copper usage indicates our current economy is stagnant and portends a future economy in a continuing manufacturing funk.

And that’s the good outlook :(

[Jane Long]

You’ve likely seen this one, too...in case you haven’t...

http://www.oann.com/china-stock-probes-send-shivers-through-investment-community/

[xp38]

Global Markets Warming

[dennisw]

There’s a sucker born every minute and two to take him.