50-Year Veteran Warns Today’s Plunge In Global Stock Markets May Be The Beginning Of A Much Bigger Disaster
KingWorldNews.com
April 17, 2015
On the heels of a 280 point plunge in the Dow, along with Europe and China’s stock markets also seeing aggressive selling, today legendary Art Cashin warned King World News that today’s rout in stocks may only be the beginning of a much bigger selloff.
Eric King: “Art, the Dow fell 280 points today but I’m wondering if the market in is danger of developing serious downside action next week?”
Chinese Stock Market Futures Down 5 Percent
Art Cashin: “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.
The Rest…HERE
