|| By FITSNEWS || Stocks in China took another brutal beating on Monday, setting off a chain reaction in global markets – one threatening the New World Order’s latest artificially inflated equity bubble
The only difference between this time and 2008? The central banks have no more money to print, no ability to lower interest rates any further, no trillion-dollar “stimuli” … nothing they can do to stop the bleeding, in other words.
Although that might actually wind up being for the better … you know, given the results.
Anyway, while you were sleeping China’s CSI 300 was down 8.8 percent, its ChiNext index was down 8.1 percent and the Shenzhen Composite was down 7.7 percent – representing the biggest one-day bloodbath since 2007.
China’s biggest market – the Shanghai Composite – was down 8.5 percent, putting it nearly 40 percent down for the year.
Meanwhile Europe’s Stoxx 600 plunged by 5.3 percent – its biggest one-day drop since 2011.
“China driven macro panic,” one analyst told Reuters.
“Very serious,” a Deutsche Bank executive told Bloomberg.
In pre-market trading on Monday, Dow Futures were down by as much as 600 points and Nasdaq futures were down by nearly 200 points.
And that’s after last week’s brutal 1,000-point drop, the Dow’s worst week in four years.
This is gonna get very, very ugly, in other words …
UPDATE: Yikes. U.S. stocks pummeled …
All of China’s bloodletting is doing nothing more than letting them bleed themselves out? Nobody saw that coming. *laughs*
Trump will clean up Obama’s mess.
Trump will buy North Korea to open up new markets for China….
You don’t buy North Korea. You invade North Korea by putting the food trucks up front, and the NK Army lays down their weapons in about 3 hours.
Remember in the first Iraq war Iraqi Army units were surrendering for Oreos and Chocolate Chip Cookies?
You know what women say – the way to a man’s heart…..
hah!…. good one!
You mean Bush’s mess.
Stick to the nazi talk. Economics are way over your head.
How can either Obama or Trump stop China from killing themselves? I’m confused.
Wh y would either want to?
By ensuring Biden victory. Yeah!!!!
FitsNews hates any kind of market intervention by the Fed, but part of the market jitters may be a result of the FOMC hinting that policy interest rates may be raised at the September meeting.
Larry Summers frets that the economy is in a state of “secular stagnation” and that “New conditions require new policies. There is much that should be done, such as steps to promote public and private investment so as to raise the level of real interest rates consistent with full employment. Unless these new policies are implemented, inflation sharply accelerates, or euphoria in markets breaks out, there is no case for the Fed to adjust policy interest rates.
Certainly euphoria is not breaking out in the markets today.
Stick with your expertise on the subject of Planned Parenthood and their Nazi like methods of terminating life.
Leave the economy to those of us that are vested.
It’s a good thing you are already broke and have no stocks. Don’t worry, your govt checks will still arrive.
The letter “A” after the box number denotes “mama’s basement”.
I CAN SEE THE DUDE IN THE BLUE BIBS FROM MY BOOTH!
As of 9:04 AM the NASDAQ has been halted three times…lol….and to think some laugh at China’s attempt to stem the blood flow as deem it anti free market.
Who knows if this is really the “big one” or not, regardless hundreds of trillions in derivatives are one day going to have their say whether it’s now or later….aside from he broader implications of sustained Fed manipulated interest rates that are much lower than a free market would allow, coupled with the corresponding monetary policy.
The markets will always win eventually…it’s the timing that no one really knows.
Either people are trying to pick up deals or someone is dumping big money in the pot. Over half the losses gone in 45 minutes.
Dow Jones Indices: .DJI – Aug 24 10:15 AM ET
16,031.16 428.59 (2.60%)
Plunge Protection Team…
CORRECTION: Shanghai Stock Exchange is down nearly 40% from its high in June, but is only down 0.77% for the year.That is a big difference.
That’s OK, I just picked up a deal or two while everybody was selling.
lol…I was short lots of things. It’s a good day.
Rocky – my afternoon appointment just cancelled so I am headed up the Chattooga to do just that. Trouble – I learned several years ago not to short or margin. Congratulations – when are you covering?
I’m going to try to do some profit taking today but I’m fighting the Feds/PPT obviously.
I called my broker and took the $9,000 available to me at this time.
Won’t be a ‘crash’ per se the Great Depression but make sure you have some cash. Some world event will eventually shake the stock market to its knees with a closing of banks and limits on withdrawls. Stay diversified.Russia can’t survive with oil at $40 per barrel.
Dude, if you just cashed out when the DOW was down 550, and it’s only down 150 now, you just blew a ton of cash.
I didn’t cash out. Won’t be long though before millions will.
So you took $9,000 in gains? But those gains would have been $15,000 this afternoon? Is that what you’re saying?
Anyone that was short and cashed out this morning made serious money.
True. But Flip didn’t say he was short.
True true. I have no idea his position, was just pointing out at least some people made hay while the sun was shining. Of course we all know he’s “short” somewhere, just maybe not in the market.
Gentlemen just like I do in the political world, I personally kicked your ass today in the financial world.
Congrats then to you. Glad it worked out well.
They didn’t make it easy….4500 “stop and go’s” while trying to cash out.
All he would let me have.Figure it out.
Good day for fishing.
Just don’t drop it all the outlet sale at Her Majesty!
Before we all jump off the cliff and buy gold, here’s how this plays out. So we have a massive stock sell off primarily in the BRIC (well now BIC) countries (China, Brazil, India). That will trigger investers in the NYSE (and NSDQ) to do the same initially. All that money, however, has to go somewhere. It will flood into the US bond markets (already 10-year Treasury is below 2% meaning demand is high for safety of US bonds). So over the next 60 days US consumers will jump on the lower interest rates (mortgages usually track 200 basis points or 2% above 10-year Treasuries). Investors who have pulled their money out into bonds (most will scarf up 30-90 day notes) will wait this out to see where it goes. They’ll also keep a sizable chunck in cash. Once the market settles, they’ll start to migrate back to US stocks so this 10% correction will be erased back to the 17,000 mark within 60 days, and then 30 days later we’ll see that number increase. If you have the cash, good day for fishing, but that capital will need some patience for this to return back to 17,000. But given underlying numbers (pretty good corporate profits for US companies and the increasingly stronger housing market), we’ll ride this out fairly well. People are screaming “remember the tech bubble” but really they need to be viewing this in context of the 1998/99 correction to emerging markets in SE Asia.
You’re shitting all over yourself trying to deny the disaster you are. It ain’t working…
Hey Tango Wango – back in with the fecal fixation again. Crap Dude, you seem to be all about poop.
My broker in WPB has ALWAYS told me to be patient-don’t panic. Ride things out.
TODAY when he took my call he told me he was going to start getting me some of my money out.
Things going down hill quick.
I left my car at 1/4 of a tank all weekend just waiting for today. Now tomorrow I’ll get $1.95 gas. Yeah!!!!
Oh.Obama told us low gas prices are a sign of a bad economy:
Obama Says Low Gas Prices from a Bad Economy – YouTube
Oct 18, 2012 – Uploaded by Bibliophile AtticThis means that Obama actually wants you to pay more for ga. …Obama Says Low Gas Prices from a Bad Economy ….Economic Collapse – Top 5 Signs We Are Headed For More Than
It’s already $1.92 in North Augusta.
I can see the Kroger pumps from my gas hawg!
If you are a wing nut tea party type, you should sell everything and buy gold now. The end of times is near, and gold is the only thing they will let you take with you into heaven.
Heck, low on cash for gold purchases? Get a reverse mortgage.
As Fred pushes his company.
I can see SRP Credit Union from my ATM!!!!!!!!
Call for your free video.
Tired of the Planned Parenthood videos where they cut the babies face open and take the brain out?
Half of the morning losses now recovered. Oh no!!!!!
Ooops, now 3/4 of losses recovered. Apple up for the day. Flip and Tango ain’t gonna be happy. They only love days where America fails – being America fails experts.
Now down only 150 points on the day. Sky fallin’, sky fallin’ – end his near. Buy gold. buy silver, buy bird poop, sky is fallin’ – need gold. Better buy canned goods. Where’s my gun??? Need more ammo.
Only the beginning Rocky.
Yeah, right. As mortgage rates bottom out this week at 3.75%.
Obama is the one that told us that when gas prices are low the economy is bad.
I would listen to the marxist.
I would listen to the The Donald…
“Trump said in 2009 that Obama was ‘a strong guy who knows what he wants,’ a person with “the mark of a strong leader,” and “totally a champion.” He even bestowed the greatest Trumpian honor upon Obama, saying, ‘I would hire him.'”
How many time you gonna post that, Smirks?
Friday night he said Obama couldn’t even shine his shoes.
p.s. I ordered 2 Trump hats this weekend. You want one?
Great advice from the guy who posts the same shit every day.
Self awareness…. look into it.
“Yay!! bad stuff is finally happening!” ~Fits
This financial crash will create pandamonium. I expect to see the Palin’s in a drunk brawl fighting with their stock broker in the street by dinner time.
Is that Egg all over your face, or did a paraquet take a crap on you? (:
Apple up $2.40 on the day. Dow off only 125 points. Aggghhhhh!!! The end is near – repent you liberal sinners!!!!!
LMAO! A typical Democrat. Even when getting their asses kicked it is a good day. Oh my!
You know when the Dow was within 500 points of shutting down today the wHite House told the feds to ‘prop’ it up.
?Look HERE???? http://www.work-join.com ????????????????????????????????????????? observe and discover more help by clicking any connection
You screamed with glee at every media report of prosperity, no matter how fraudulent. And you climaxed with every word Obama told you of how GREAT a job he’s doing.
You have been worshiping the god of Liberalism for eight years, now. And he told you he’d save you.
He LIED. You better hope you have salvation elsewhere…otherwise that soul you sold is dead, and the Democrat Party is the undertaker, to do with it what it wants.
Whaaaa???? You make no sense.
Jesus told us there are those who have eyes, but cannot see.
When ALL that they say about Obama and the inevitable failure of liberalism manifests, the liberals will more dangerous than EVER.
Just look at the in a panic over the news that the Obama CRASH may happen before he exits office, so he will actually get the blame for the disaster he’s caused.
They are literally crapping themselves, no doubt.
Tango Wango – need some more fecal references buddy!!!!!