Major Stock Fallout

DeletedUser31385

Guest
Asia markets down 1-3% currently (Most Asia markets aren't opened yet).
BREAKING NEWS: Shanghai composite swings to a 2.1% loss from a 2.5% gain.
This is happening in only minutes. This puts the index into bear-market territory.

Dow Jones Futures: -245; -1.37%
Nasdaq Futures: -66.5; -1.48%
S&P 500 Futures: -32.54; -1.54%

Greek banks will not open tomorrow in an attempt to prevent collapse. Europe Futures are down as well.

I am waiting for a graph of the Shanghai composite which has now lost over 1000 points (about 20%) this month.

This is what happened the last time there was an issue in Greece:
Crash of 2010
 
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DeletedUser8396

Guest
Not knowledgeable in Shanghai or Greek economies, but other than those, those percentages dont seem to be all that devastating.
 

DeletedUser49358

Guest
Greece is still in a very delicate state so any bad news isn't good tbh, if its market takes a hit it could easily go a on downhill slide and undo all that work that put into it.
 
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DeletedUser31385

Guest
FTSE MIB down almost 900 points or 3.8% (This is not Greece or Asia)
Every other European stock is down over 2%.
 

DeletedUser31385

Guest
6/29/2015 World Market Closes

Asia
Asia Dow: -61 (1.88%)
Nikkei 225: -596 (2.88%)
Hang Seng: -697 (2.61%)
Shanghai Comp: -140 (3.34%)
Sensex: -167 (0.60%)
Singapore -41 (1.23%)

Europe
FTSE 100: -134 (1.98%)
DAX: -409 (3.56%)
CAC 40: -189 (3.74%)
FTSE MIB: -1231 (5.17%)
IBEX 35: -518 (4.56%)
Stoxx 600: -11 (2.73%)
*GREEK FTE: -2.36 (20.03%)*

US
Dow: -351 (1.95%)
Nasdaq: -123 (2.41%)
S&P 500: (2.07%)
GlobalDow: -54 (2.09%)
Russell 2000: -33 (2.57%)

This is horrible. Not close to being normal (largest 1 year drop).
 

DeletedUser33530

Guest
Yeah I understand none of this. However, a nuclear war has yet to start so I think everything will be fine.
 

DeletedUser

Guest
Cheater of death said:
Yeah I understand none of this. However, a nuclear war has yet to start so I think everything will be fine.
Click to expand...

HEY MOD! ;)
duck-tape-vs-sound.jpg
 

DeletedUser

Guest
Hm. Greece's referendum on the 7th could make or break the fragile european markets. It really is the euro or the drachma right now.
 

DeletedUser49358

Guest
Greygnarl The Destroyer said:
Hm. Greece's referendum on the 7th could make or break the fragile european markets. It really is the euro or the drachma right now.
Click to expand...

I thought that Greece went with the Euro over the Drachma back in 2006? I remember because I was really sad that they were no longer using the same currency that Alexander the Great used.
 
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DeletedUser

Guest
Yeah they've had the euro for some years now, the question is whether they'll be allowed to keep using it :p
 

DeletedUser

Guest
Greece has failed to make a payment, and the EU has refused a new bailout plan. This is getting worse by the day.
 

DeletedUser31385

Guest
ALERT: Shanghai composite below 4K (-23% from high in June)

24vk48z.png
 
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DeletedUser33530

Guest
see i feel like with stocks being concerned about them is sort of like being concerned that the sun set. Yes it becomes dark and cold for a bit but eventually the sun rises.
 

DeletedUser8396

Guest
Cheater of death said:
see i feel like with stocks being concerned about them is sort of like being concerned that the sun set. Yes it becomes dark and cold for a bit but eventually the sun rises.
Click to expand...

But without the sun, for long enough, everything dies.
 

DeletedUser31385

Guest
Can I say it is a Recession if 1 month change is -30.67%?
 
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