For the second time this week, trading was halted at the Shanghai SE Composite Index after a 7.32% drop. It will be interesting to see what the Chinese Government will do about this situation. Will they inject more cash to prop up the markets? Will they restrict big investors from selling stocks? Nobody knows at the moment but one thing is for sure, it doesn’t look good at all.
The problems in the Asian markets drove the Dow Jones Index down about 600 points in 3 days of trading this week. As the moment of writing this article, the US Stock Futures is already down triple digits, which doesn’t look good for tomorrow’s trading in New York. Something is very wrong right now and this writer feels that this might be the big collapse so many analysts predicted. The debt bubble started to explode and it would be surprising to see the markets getting healthier in the short term.
The following video is from Gregory Mannarino.