World stock markets in chaos as shares slump

http://news.sky.com/story/1540630/ftse-100-loses-107bn-in-world-share-slump

FTSE 100 Loses £107bn In World Share Slump
The slide in world stock market values accelerates as concerns over China's economy contribute to a major correction.

More at link.

ZH is covering this in more detail:

http://www.zerohedge.com/news/2015-08-24/panic-all-major-us-equity-indices-halted

I won't pretend to understand the intricacies, but this is very bad. And has also been predicted for a while, now.

It has its own hashtag:

https://twitter.com/hashtag/blackmonday?f=tweets&vertical=default

I think we have been warned that we are facing another bursting bubble?  I guess this is the start.......

Well, what could possibly go wrong with printing money to service debt?

I know.......  A good note, of sorts, our DOW is climbing a bit now.

Is it genuine, or is it being propped up? It seems to be difficult even for experts to judge what is genuine and what is manipulated these days....

People are still buying at reduced prices although no one knows if they will drop more, Bonny.

Is this an appropriate time to remember what caused the worst carnage in the 1929 crash wasn't just that people were left holding worthless stocks? But that they were left holding worthless stocks they'd bought ON CREDIT? So the debt was still owed, but the stocks were worthless?

Yes.....I guess some of it is?

ETA:  Oil is now down to $38 a barrel.

Yes - everyone is cheering that because it supposedly will make petrol cheaper at the pumps. They seem to have forgotten that it also means that thousands of people, all over the world, are going to be thrown out of work.

It may make some goods and services cheaper as you will not have to factor in as much for energy/travel costs?

Call me cynical, Lily, but I doubt very much if the savings will be passed on, except at obvious places like petrol pumps.

It may do in time....

Meanwhile, in London....

http://news.sky.com/story/1540630/ftse-100-loses-74bn-as-world-shares-slump

The FTSE 100 ended the day dropping 289 points, or 4.7%, lower to 5899 after the index was one of many around the world hit by uncertainty over the Chinese economy.

More than £74bn had been wiped off the UK's richest firms by the end of trading at 4.30pm on Monday - the equivalent of five Tescos.

It was the biggest daily drop since 2009.

The pensions of many people will have suffered as a result of the falls, with many schemes investing in the UK markets.

Markets around Europe and the world saw dramatic falls in response to a continued slide in China's stock markets.

The Shanghai Composite tumbled 8.5% on Monday, having lost more than 10% already this month, leaving China's top index back at the level it started the year.

The fall was exacerbated, analysts said, by a lack of further stimulus from China's central bank which many had expected over the weekend to help support the flagging economy.

In the US, the Dow Jones Index initially opened down 6% before recovering quite a lot of ground.

By 5pm, the French CAC was down 5.3% and the DAX in Frankfurt lost more than 4.7% after both suffering significant initial falls.

The FTSE 100 is home to a number of big mining firms which rely on China for a key component of their sales revenue.

If China’s global growth stutters, experts are worried the demand for commodities including oil - which is already at a six-year low - may also suffer.

US markets followed their biggest one day drop in four years on Friday by opening more than 4% down, with the S&P 500 almost 5% down.

The tech-heavy NASDAQ lost almost 8% before also recovering much of what it had lost

More at link.

Oh look here!

http://banksterbubble.com/world-stock-markets-crushed-soros-shrinks-chinese-investments/

This may also be of interest

http://banksterbubble.com/saudi-arabia-needs-cash-issues-5-billion-in-bonds-to-plug-budget-gap/

Soros Fund Management, owned approximately $370 million in Alibaba’s American depositary receipts at the end of March. By June 30th, however, a regulatory filing shows that the company held only $4.9 million. (Source: BBC, released August 17, 2015.)

DING DING DING!

You know, I was just creating a Conspiracy Theory which involved Soros destroying most of the world's oil companies, and when the dust settled, he would be left owning the only one still functioning.....odd that.

This morning, for some strange reason, he just popped into my mind.  I knew we would be hearing more about him.

What a brilliant man with his finger on the pulse knowing when to buy and sell......

...he must be feeling so so proud of himself.

http://news.sky.com/story/1541553/uk-stock-market-fightback-but-us-suffers-falls

UK Stock Market Fightback But US Suffers Falls
About £46bn was added to the value of the FTSE 100 after it lost around £74bn on Monday - but shares were down again in the US.

That's a bit odd. I will study the runes here:

http://www.zerohedge.com/news/2015-08-25/biggest-rally-2015-crashes-biggest-reversal-lehman

Someone's not on message, Bonny.  Don't know what else to say at the moment......

I think it will correct itself as some stocks were going way too high?  That's what can happen in a bubble?

Yes - and this is quite a bubble....

I know.....