The Phaserl


50-Year Veteran Warns Today’s Plunge In Global Stock Markets May Be The Beginning Of A Much Bigger Disaster

from KingWorldNews:

Well, you are going to have to have some of the things that forced it to selloff explained or resolved. Among other things, the Chinese shut off margins on the equivalent of their over-the-counter market. The Chinese also issued a longer list of stocks that you could short. And that all came after China’s market had closed, so it was the futures that were down 5 percent.

Bloomberg Terminals Down, Sent Chill Through Markets Not Unlike A Flash-Crash

Then there were media reports that the ECB or some banking regulator in Europe was telling people to sell their Greek sovereign debt, as if there was going to be some imminent move that was not going to be very, very helpful. Then you had the destabilizing impact of the Bloomberg terminals going down, which kind of sent a chill through the markets, not unlike a kind of flash-crash.

Art Cashin continues @

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