Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Are We Heading for Another Stock Market Crash?

% of readers think this story is Fact. Add your two cents.


“The signs are ominous,” writes financial journalist Suzanne McGee at The Guardian.

“The New York stock exchange – the world’s largest stock market – shut down for three and a half hours due to a mysterious ‘technical issue’ on Wednesday; China’s speculative stock market plunged still further, despite tens of billions of dollars of spending on the part of the government in a futile attempt to halt the carnage; Greece is sailing into uncharted territory and teetering on the brink of leaving the Eurozone; and meanwhile Puerto Rico is mired in its own debt crisis.”

According to Howard Silverblatt, senior index analyst for S&P Dow Jones Indices, with only an hour to go before the bell rang to signal the start of trading on the floor of the NYSE, the 1.03% decline in the price of futures contracts on the Standard & Poor’s 500 stock index – the market bellwether – was the biggest since the autumn of 2008, in the midst of the financial crisis.

By the time the day of market horror finally ended, trading had at least resumed on the NYSE, with exchange officials quickly quashing speculation of a cyber-attack. But if you’re looking at your 401k or other investment account statements in the coming days, you may want to brace yourself for a shock: the S&P 500 index tumbled 1.65% to 2,046.91, while the Dow Jones Industrial Average fell 1.46% to 17,517.76. Most traders reported seeing a sea of red on their screens, and each of the 10 sectors in the S&P 500, from financial stocks and retailers to mining companies, participated in the selloff.

If you’re unnerved by what you’ve already witnessed, you may want to prepare yourself for another go on the Dow Jones Terror Ride. “It’s time to take a deep breath and prepare for more volatility,” says Russ Koesterich, global chief investment strategist at BlackRock, the giant asset management firm. “Every client I meet is wondering whether these events – China, Puerto Rico, Greece – are the first cracks in the edifice like those we saw in 2007, but they aren’t that existential. We just aren’t used to this kind of volatility, so they are going to feel very, very dramatic, and be very serious with respect to the countries concerned.”

Translation: investors in US stocks have been too smug for too long. True, the bull market that began back in early 2009 has encountered some big headwinds along the way. When Europe’s debt crisis first flared up, US markets stalled; our own squabbles over whether to raise the debt ceiling had a similar impact. Early last year, biotechnology and some darlings of the technology stock universe were caught in a selloff when the market felt share prices had outstripped fundamentals, like the rate at which profits (if any!) and sales were growing.

Continue reading here.

—Posted by Alexander Reed Kelly.

Related Entries


Source: http://www.truthdig.com/eartotheground/item/are_we_heading_for_another_stock_market_crash_20150709/


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.


LION'S MANE PRODUCT


Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules


Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.



Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.


Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.