Stocks Tank In Last 15 Minutes; Correction Not Done?

By: John Rubino | Tue, Aug 25, 2015
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That was sudden. After soaring at the open and holding big gains all day, US equities fell off the table in the last 15 minutes of trading, ending over 500 DOW points below the day's high. Guess the, um, uncertainty isn't over.

Dow Jones Industrial Average

Looks like another central bank will have to step up this week. Since the Fed is already backtracking on its September rate increase, the simplest for all concerned will be a quick one-line press release saying "never mind."

 


 

John Rubino

Author: John Rubino

John Rubino
DollarCollapse.com

John Rubino

John Rubino edits DollarCollapse.com and has authored or co-authored five books, including The Money Bubble: What To Do Before It Pops, Clean Money: Picking Winners in the Green Tech Boom, The Collapse of the Dollar and How to Profit From It, and How to Profit from the Coming Real Estate Bust. After earning a Finance MBA from New York University, he spent the 1980s on Wall Street, as a currency trader, equity analyst and junk bond analyst. During the 1990s he was a featured columnist with TheStreet.com and a frequent contributor to Individual Investor, Online Investor, and Consumers Digest, among many other publications. He now writes for CFA Magazine.

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