“Then the market staged a dramatic comeback and almost erased its losses, coming within about 115 points of break-even. By late afternoon, stocks were sinking again — and the Dow closed down nearly 600 points. “
I guess the Fed money pump didn’t quite do the trick.
Wonder how much that costs us, and if they have enough paper in the printers for the next 4 days???
Fears that China’s economy is not as healthy as it appeared to be?
Who think it appears healthy?
Look on the bright side, it was only half as bad as it could have been.
To me, rational P/Es are 7 - 13.
Meh. Just a correction. Too much faith was placed in the Chinese economy. Nothing much for the long run.
Bush’s fault.
Can I come out of my bunker now?
Should I take my money out of the bank and put it under the mattress?
J/K
.
everyone should listen to this hilarious “Stalinst Propaganda” ...
http://www.cnbc.com/2015/08/24/stocks-plunge-in-historic-rout.html
.
Keep this link handy...
http://money.cnn.com/data/world_markets/americas/
Has tabs for Europe and Asia
Oy gevalt!
I guess Erin McClam doesn’t see anything wrong with the past seven years of budget deficits going exponential, crushing regulations toward business (not the least of which Obama’s EPA effectively shutting down the coal industry), 100 million out of work and on gov’t assistance, Obamacare and the illegals bankrupting the healthcare system, and a host of other economic ills plaguing the USA economy.
Nope, it’s all about China.
What he said is is little gulp inducing.
I am going to the basement now and checking the rice, beans and spam. /:
China? How about the lies are now beyond fantasy. The corporations have been gutted by insider salaries, bonuses, insider stock buybacks on credit, etc. Just by looking a gross sales or revenue tells the real story.
So a stock market broker could jump off a tall building and have their losses recouped by the time they hit ground. Lol.
Crazy day