Carnage on Wall Street signals fears about U.S. economy ???

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Carnage on Wall Street signals fears about U.S. economy - CBS News

Last Updated Aug 21, 2015 5:21 PM EDT

As U.S. stocks joined a global selloff to mark their biggest weekly decline since 2011, economists and investors cut their projections of what was already lackluster U.S. economic growth.

Markets around the world registered their distress after an August gauge of factory activity in China dropped to a more-than six-year low. The index came on the heels of worse-than expected July data on exports, industrial output and retail sales from that nation, the world's second-largest economy...

 

[BehindBlueI's]

Neat. We're back to where we were 7 months ago. Another day or two of selloffs and it'll be time to buy S&P 500 ETFs.

 

[Twangbanger]

Yayyy, 5% reset in 2 days. C'mon Fed...keep the punchbowl out. Let's have another spin on the merry-go-round...

 

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U.S. Stock Plunge Picks Up Speed - WSJ

 

[Kutnupe14]

Meh, it will recover. People are just panicking and that's driving the market down. Imaginary money is subject to whims of imaginary fears.

 

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Charles Paine of Fox Biz seemed genuinely concerned about a Black Monday...

 

[RockofStrength]

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[lester]

Neat. We're back to where we were 7 months ago. Another day or two of selloffs and it'll be time to buy S&P 500 ETFs.

I think you will see some real opportunity for short term gains over the next week or two; but for long haul investors, many feel like this past week is just more evidence of a general overall decline that will continue for some time.

Neat article I found this morning: http://www.marke****ch.com/story/dow-5000-yes-it-could-happen-2015-08-21

 

[mrjarrell]

Aside from giving the Fed excuse #2856740 to not raise rates I aint too worried about this by itself. I'd be more concerned if there were other factors coming due that would continue piledriving stocks down.

You mean something like this?

Video: Doomsday clock for global market crash strikes one minute to midnight as central banks lose control - Telegraph

 

[Mgderf]

This stock market has been over-rated since before Obama took office.
It is now WAY over-rated. This is a market correction, and it's not done yet.
Don't be surprised to see the U.S. stock market (read Dow Jones) down below 10K before the 2016 election.

 

[Arthur Dent]

Meh, it will recover. People are just panicking and that's driving the market down. Imaginary money is subject to whims of imaginary fears.

People panic and the trades made by computer "panic" and there's a massive sell-off. Meanwhile the calm, cool, collected folks like Buffett clean up.

 

[foszoe]

People panic and the trades made by computer "panic" and there's a massive sell-off. Meanwhile the calm, cool, collected folks like Buffett clean up.

Absolutely right

 

[sloughfoot]

No matter what, I am going to work on Monday.

 

[diablo750]

They economy has always been a mystery to me, even though I minored in it in college. It seems to me that people generally have this confidence that it will persist as it is and that the recent events are just cycles. I always wonder how things will carry on in the future. In 2008 all the issues were "fixed" with a series of loans and the market was propped up with quantitative easing. Interest rates have been kept near zero since then. I cant understand how we have been able to carry on. Why haven't we seen inflation? Why are commodities crashing? When will we return to trading on fundamentals? Where is the bottom? How far will the government go to intervene? The last point is probably the most important one because I believe is that the market here and around the world is totally socialist now do to the central banking system. We gave that up with too big to fail. As for the future? Its hard to say, the only indicator that I see missing are the layoffs and they are starting to show up. I think the guy in the beginning of wolf of wall street said it best. " Fugazi, Fugazi. It's a wazy. It's a woozie. It's fairy dust"

 

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China?s Shanghai composite index drops 8.5 percent in sell-off that wipes out 2015 gains - The Washington Post

http://www.nytimes.com/2015/08/25/b...a-and-emerging-economies-lose-favor.html?_r=0

 

[mrjarrell]

After China's losses today, the European markets are also taking a slide. Can't help but wonder what's going to happen with the US market when it opens in an hour.

FTSE 100 and European markets rattled by losses in China - BBC News

 

[ArcadiaGP]

Dow futures skid 600 points as Wall Street preps for steep selloff

Great fall of China sinks world stocks, dollar tumbles

 

[eldirector]

Folks are in a sell mode, for sure. Still a while away from the bottom. Might be able to pick up some big-name stocks for a decent deal in another week or two.

Looks like precious metals are up, as expected.

 

[ArcadiaGP]

Elsewhere...

The Australian Stock Market has plunged 2.5% in the first 20 minutes of opening for the week, losing $20 billion. The Chinese Stock Market has dropped 7% just an hour after opening, and the ripple effects are starting to be seen worldwide as markets open

Edit - Brk: S&P 500 index futures and Dow Jones futures hit circuit breaker and have been halted

 

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