European & Asian stocks having a hard Monday, is this a sign of a bigger crash to come

[britporn_mike]

European and Asian stocks are having a hard Monday, let's hope it's a one time event and not going a meltdown as in 2008.

"Stock markets across Europe and Asia tumbled on Monday, spooked by fears that the US economy is heading for a slowdown.

In London, the FTSE 100 index opened 2.3% lower while the Euronext 100 tumbled by 3.5%.

They followed sharp falls across Asia with Japan's Nikkei 225 dropping 12.4% or 4,451 points in the biggest fall by points in history.

It follows weak jobs data in the US on Friday which sparked concerns about the world's largest economy."


https://www.bbc.com/news/articles/c6p224j24x0o

[razor]

Big money will still make money,even in a declining market.

[CTE]

How bad will this effect our sales?

[jag]

The markets will correct one day the question do they do it now or we wait for that day in the future. Take your pick it is not going to be pretty when it happens.

[GlennfromLA]

Now or 6 months down the road there is going to be a crash

[HeidiHoe]

I heard that Japan raised interest rates for the 1st time in well over a decade and that's what started the current shit storm. A lot of cheap money was borrowed in Japan and invested in the USA and elsewhere. Once Japan raised rates the money was no longer cheap and stock selloffs followed. My guess is things will even out again. Stocks are still up for the year. It takes a 20% drop to even be considered a severe correction. This was just a minor glib. Chill.

[TheButcher]

I heard that Japan raised interest rates for the 1st time in well over a decade and that's what started the current shit storm. A lot of cheap money was borrowed in Japan and invested in the USA and elsewhere. Once Japan raised rates the money was no longer cheap and stock selloffs followed. My guess is things will even out again. Stocks are still up for the year. It takes a 20% drop to even be considered a severe correction. This was just a minor glib. Chill.

Exactly what I heard too

[Sammy]

It seems to have not gone ape shit