Breaking....

NYT Reporting

Meaning? Sorry but I'm not all that glued up when it comes to stocks markets? Couldn't it be a glitch?

Edit:


Omg, recession ha comeback, hide you coins everyone. We ain't ready

a 1000?

China needs to step up their game and get their economy going again.

It means a lot of people lost a lot of money.

I thought Trump was joking when he said that China's currency devaluation was killing our economy.
Turns out he's right, the stock market is PLUNGING

He'll never get credit for it though. We definitely need someone like him in charge of the American economy if this becomes a bigger deal.

Yeah Trump will have my vote. We clearly need a businessman.

Not a glitch just a continued selloff from last week combined with the Chinese and European markets tanking.

Mostly tough this is a long overdue correction in our market. If it drops below 12,000, in the next few weeks, then I would start to wonder if bigger things are at play here.

Remember for the past 6-7 years the Fed has been artificially pumping up the markets with quantitative easing (QE) with 85 billion dollars a month and the ride had to end eventually.

Personally I don't think this is a bad thing, I think if you are going to buy stocks for the long haul you wait this out and buy at a discount. My stocks are getting hit but not hammered, where some are losing 6-7%, I'm losing 1-3% of my value which is still 100,000's of dollars but nothing to panic about since I will just buy more when they bottom out. If the Dow starts crashing below 12,000 I might have to start selling, I don't know where the floor is after that it could be 5,000.

In Europe they are already calling it Black Monday, referring to the Black Thursday that is considered the start of the Great Depression

Dutch stock got destroyed, all the profit they made this year was wiped in less than a day

Some sort of correction to the global economy in relation to China was always inevitable. However hopefully this doesn't have a snowball effect causing or worsening other economic issues.

Besides the currency devaluation, it's also the fact that the Chinese PMI values were quite disappointing.

Any word from the UK? Or is it safe since its not Euro?

As long as financial corporations are not strictly regulated, it will continue to happen indifinetely until the middle class is completely destroyed and the rich are so rich money ceases to have meaning for them.

Just b/c something takes months to take effect does not mean it's not a bad thing. And while yes, it's an inevitable correction, there are way other negative things that can spring off this. Making it seem like it's no big deal like you did is stupid my opinion.