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China Financial Woes Cause Wild Day in Markets

By
Mortgage and Lending with The Federal Savings Bank/Lending in 50 states NMLS # 109616

Stocks were rocked this morning by new that China's stock market was in free fall due to their need to restructure some serious debt in their financial makeup.  At one point during the day the Dow was down over 200 points.  Slowly throughout the afternoon, however, stocks inched upward at the expense of bonds.  The Dow closed down 51 points while the S&P 500 closed down less than a point and the NASDAQ gained 25.

Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

Here we go again...

Glad the read it didn't affect the stock market as much. Be interesting to see how volatile the market will be tomorrow.

Dec 09, 2014 05:44 AM
Captain Wayne - Rowlett Real Estate School
Rowlett Real Estate School - Panama City, FL
Rowlett Real Estate School / Owner and Instructor

Our country is in a bad place right now. Hopefully we will learn from others and past mistakes to improve our standing!

Dec 09, 2014 05:47 AM
Kelly Hagglund
The Kelly Group Real Estate - Newberg, OR
SW Portland Real Estate Expert

I agree with Captain Wayne Rowlett! The US economy certainly isn't rebounding at an astounding rate and volatility in other countries likely won't enable our economic growth. 

Dec 09, 2014 06:13 AM
Tanya Van Blake-Coleman
Van Blake-Coleman Realty, St. Thomas/www.talk-to-Tanya.com - St Thomas, VI
Improving the Quality of Your Life

Wow, interesting I thought I saw some news previously that said China had just overtaken us as far as economic strength.

Dec 09, 2014 09:42 AM
Michael Dagner
Brokers Guild Classic - Denver, CO
Your Denver Homes Realty Expert

Jeff, as China goes, we go.  Hope they can restructure their financial sector so we all stay afloat.

Dec 09, 2014 12:27 PM