Friday... Where to begin? It was a complete meltdown on the DOW! The DOW lost 530 points, the most in a single day since he 9/11 terrorist attacks. It started as a bloodbath and continued on that path for the rest of the day, but we all want to know why did it come to this. The primary reason is the Chinese economy is beginning to show signs of a recession (see early finance post for more details). Overall, with an economy of that size it will send shockwaves through the world's economy. Besides China, the sliding of oil prices due to excess is also adding to the drop of the Dow due to a lot of large companies involved in the oil industry. These two factors together made for a very ugly day of trading. Monday is a new day and we all hope to see major gains in the market. Stay tuned, there may be an emergency finance post to cover topics as they come up!
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