The World Seems To Be Coming Unglued As Global Stock Markets Plunge
KingWorldNews.com
January 27, 2015
With the Dow plunging and the Nasdaq down almost 100 today, below is a key piece which highlights the incredibly dangerous developments now taking place around the world, and covers everything from breaking news to done strikes and currency wars.
By Art Cashin Director of Floor Operations at UBS
January 27 (King World News) – Stocks didn’t get strangled Monday. Instead, they were run over by a speeding salt spreader, as states, cities and organizations hunkered down for a classic blizzard. Mother Nature, trickster that she is, moved the storm further offshore than models had projected. That led to snowfall less than one-third of the worst estimates.
Nonetheless, as I write this in the pre-dawn hours in lower Manhattan, Wall Street is a ghost-town. No traffic. No papers. No coffee and almost no people. New York lives through its subways. It may be hours to get them back up and running.
Markets Shrug Off Greece For A Pre-Storm Navel Gaze – The stock market swung in its narrowest range for any session this year. In the morning, they thought about oil, but seemed to become distracted, perhaps, by the severe storm warnings, in the afternoon.
In the U.S., stocks opened down and spent the first 20 minutes of trading going lower as crude sold off and looked like it might have one of those freefall sessions.
The Rest…HERE
