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Dow futures tumble as Wall Street preps for meltdown
CnbC ^ | 8/24/2015 | Jenny Cosgrove

Posted on 08/24/2015 4:00:11 AM PDT by EBH

U.S. stock index futures screamed lower, with Dow futures (Chicago Board of Trade: @DJ.1) tumbling more than 400 points, as fears surrounding the health of China's economy multiplied.

These concerns saw the benchmark Shanghai Composite (Shanghai Stock Exchange: .SSEC) index notch up its biggest one-day percentage loss since 2007 on Monday, closing down 8.5 percent .

Panic spread to European markets, with the pan-European FTSEurofirst 300 (FTSE International: .FTEU3) as much as 3 percent in early London trading. All major bourses were off a similar amount. The index has shed over $1 trillion in market value in August so far.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Breaking News; Business/Economy; Front Page News
KEYWORDS: china; commodities; futures; palinwasright; stockmarket; stocks
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To: mad_as_he$$

Anyone buying today has big ones.


21 posted on 08/24/2015 4:41:27 AM PDT by jpsb (Believe nothing until it has been officially denied)
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To: EBH

Dow futures only down -484 right now as I write. No so bad.


22 posted on 08/24/2015 4:43:11 AM PDT by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: MeneMeneTekelUpharsin

Jimmy come boppin’ in off the street
And when the cuttin’ were done
The only part that wasn’t bloody
Was the soles of the big man’s feet


23 posted on 08/24/2015 4:45:18 AM PDT by Portcall24
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To: jpsb

Yes, on Friday some financial wizard on FNB said “this is like when your favorite store is having a sale, are you gonna be walking into the store or out of it?” The hosts response..?...crickets..


24 posted on 08/24/2015 4:46:34 AM PDT by uncitizen (i hate gutless people, too.)
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To: EBH

MARKET MAYHEM: This Is It

25 posted on 08/24/2015 4:47:03 AM PDT by blam (Jeff Sessions For President)
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To: bert

“just do nothing and ride it out”............

I’m going this direction.


26 posted on 08/24/2015 4:50:29 AM PDT by DaveA37
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To: Portcall24

Many would never have understood. Thank you.


27 posted on 08/24/2015 4:50:40 AM PDT by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: jpsb
cnbc says now is a good time to buy.

depends. if you are young and somehow have money to invest ... then I might wait for it to settle a bit more and then buy. Of course if one expects the market to always go up and never correct or crash they should not invest at all

28 posted on 08/24/2015 4:53:11 AM PDT by plain talk
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To: eartick

“Wasn’t this supposed to be the “summer of recovery”...”......

Since odumbo came on board, it’s going to take a long time to “recover”, if ever.


29 posted on 08/24/2015 4:53:12 AM PDT by DaveA37
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To: EBH

Get ready for the WALL STREET LIMBOOOOOOOOOOOOOOOOOOOO!!!!!!


30 posted on 08/24/2015 4:53:43 AM PDT by Jack Hydrazine (Pubbies = national collectivists; Dems = international collectivists; We need a second party!)
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To: Portcall24

And he’s bad, bad, Leroy Brown...


31 posted on 08/24/2015 4:56:16 AM PDT by YepYep (Build the America you want at your house and keep looking up.)
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To: DaveA37

Why not put a hedge on? Why take a potential 68% hair cut? You could start the road back at a higher level. There are pros who know how to do that commensurate with the size of your position.


32 posted on 08/24/2015 4:58:20 AM PDT by Stentor ("The best lack all conviction, while the worst are full of passionate intensity.")
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To: Alberta's Child

Lots of folks have 401s and IRAs in stock funds. It won’t sink in until they get their quarterly or year end reports.


33 posted on 08/24/2015 4:58:39 AM PDT by PAR35
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To: EBH

Silver and gold both down also,

Might be a time to look at them again.


34 posted on 08/24/2015 4:58:56 AM PDT by Abathar (Proudly posting without reading the article carefully since 2004)
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To: EBH

Dow futures now down -529 as I write. Freefall...


35 posted on 08/24/2015 5:01:06 AM PDT by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: SkyPilot

Dow futures down 556 now.Is it a panic yet?


36 posted on 08/24/2015 5:01:48 AM PDT by Farmer Dean (stop worrying about what they want to do to you,start thinking about what you want to do to them)
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To: EBH

I wanna see Jim Kramer have another meltdown like the one he had in 2007.

https://www.youtube.com/watch?v=SWksEJQEYVU


37 posted on 08/24/2015 5:03:39 AM PDT by Jack Hydrazine (Pubbies = national collectivists; Dems = international collectivists; We need a second party!)
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To: EBH

Some economist is blaming the current market issues on Trump.


38 posted on 08/24/2015 5:05:01 AM PDT by MayflowerMadam
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To: jpsb

They say that everyday.


39 posted on 08/24/2015 5:07:46 AM PDT by Rusty0604
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To: MeneMeneTekelUpharsin

Dow futures down over 600 now.


40 posted on 08/24/2015 5:11:17 AM PDT by Rusty0604
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