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 ...
A stock market collapse combined with Obama’s weak socialist economy, sage stagnation, no significant new private sector job formation, health care costs thru the roof -
I’d say Mickey Mouse could beat Hillary.
cnbc says now is a good time to buy.
Never try to catch a falling knife!
I don’t disagree that’s why I said might. I don’t kid myself that Obama is just incompetent, incompetents don’t bat 1000 at best they bat 500, Obama bats 1000.
“US stock market authorities have been forced to suspend the futures market on the Nasdaq index.
Panicking traders have driven it down 5% - the maximum allowed under Wall Street rules before a circuit-breaker is triggered.”
http://www.theguardian.com/business/live/2015/aug/24/global-stocks-sell-off-deepens-as-panic-grips-markets-live
countdown to a meltdown
It just tanked in the last few minutes. -860.
A good time to buy....shorts.
I would imagine that there will be a massive QE move, but this can only give a temporary lift.
Retail, entertainment, airlines, any business that relies on discretionary will take the biggest hits.
Anybody blame 0bama yet?
Nasdaq futures halted now.
And it appears halted. Not just Nasdaq.
He just got back from vacation. He needs a nice relaxing day. I hope th media doesn’t bother him with any of this.
Now I got them steadily depressin’,
low down mind messin’
workin’ at the car wash blues
It all looks halted right now. Hearing rule 48 enacted ?
Would have been a week or so ago. After the institutional plays drop the market today, your order will already be bought at a suppressed level.
Has God draped a millstone around the necks of the world markets?
Less than 6 minutes till opening bell.
I think DJ is halted on a 7.5% S & P index drop on circuit breaker rules. Haven’t checked charts, but I doubt we’re there yet.
Here we go.........
Some are predicting an 800 point drop.
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