The Dow Jones Industrial Average lost as much as 998.5 points before paring its drop to 347.8 points in New York. An investigation is underway to determine why the U.S. equity market went into complete freefall for about twenty minutes.
There were market gyrations across many markets. Japan has pumped $21 billion of emergency liquidity into the market overnight.
We have seen the growing disintegration between the world’s financial markets and the productive economy, thereby pointing to the downside, sooner or later.
Would this drop be only a taste of what’s to come down the road?
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