Posted on 08/23/2015 5:17:08 PM PDT by Red in Blue PA
Good evening!
The weekend is over and stocks are resuming their slide.
Shortly after futures opened on Sunday night, Dow futures were down as much as 102 points, S&P 500 futures were off as many as 11 points, and Nasdaq futures were down around 30.
These moves, however, are muted compared to the turmoil seen in markets last week, when the Dow lost more than 1,000 points and officially entered a "correction" after falling more than 10% from its most recent high.
Overall, the stock market had its worst week in 4 years and people are pointing the finger all over the place.
(Excerpt) Read more at finance.yahoo.com ...
“How low can we go”
Unless you are too old to ride it out, I wouldn’t worry about it. If the market tanks ‘forever’, then there’s no future for the USA as we know it. At that point, money isn’t likely to help you.
The stock market goes down as well as up! Who knew? Not the guys whose investing experience started in 2009, that’s for sure.
I thought the stock market was closed on the weekend ..??
After 4 years without a correction, we are indeed due for one. This should come as a surprise to nobody.
I believe the Mideast weekend is Friday-Saturday.
ping
Please do not click on Bloomberg articles....you only give the world’s biggest anti-gunner more money!
Good point.
down 394 right now.
Per Wikipedia:
” Its trading hours are 11AM to 3:30PM, Sunday to Thursday”
Nikkei 225
As of 09:46 24 August 2015 - Market open
index value 19043.21
index change: -392.62index change percentage: down -2.02%
Open
19075.05
Previous close
19435.83
Thanks.
What struck me was that I’d never seen the Mideast market Sunday performance prominently mentioned before.
Just for the proles. International bankers have to get theirs first. (Actually, there are now ways for the smaller fish to play as well. If they know how.)
NIKKEI 225 INDEX
(Nihon Keizai Shinbun:N225)
Add to Watch ListSet Alert
19,010.87
Delayed Data
As of 8:57pm ET
-424.96 / -2.19%
Today’s Change
Went to get popcorn. Okay, now I’m ready.
I’m watching from Canada, which means that two other things are also very important: Oil (presently at $39.83) and the Canadian Dollar (presently at 75.57, its lowest point in just over a decade). We have a federal election campaign on here, and it will be interesting to see how things play out. The Conservatives have some problems, but they have been very good economically. They are presently running behind the NDP (a socialist party that has traditionally been a fairly minor player, roughly equivalent to the Liberal-Dems in Britain).
Methinks the Fed will use all of this as an excuse NOT to raise interest rates. And if savers should continue to suffer, who cares?
It’s tomorrow in the Asian markets and London will open 5 hours before Wall Street
If you want to watch the carnage coming our way get some popcorn and check out the futures trading at finviz.com
I’m curious to see which asset bubble will get re-inflated from all the equities dough that’s being taken off the table.
You know it’s got to go somewhere.
WTI down 5% at 10pm ET.
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