Stocks plunge as global growth concerns weigh; Apple falls 3.5%

[brooklynite]

Source: CNBC

U.S. stocks traded about 1.5 percent lower on Friday, extending a recent rout, as concerns about slowing global growth continued to pressure investor sentiment. ( Tweet This )

"Right now there is a feeling of fear in the marketplace and all news is interpreted negatively and it's interpreted indiscriminately," said Tom Digenan, head of U.S. equities as UBS Global Asset Management.

The major averages trimmed losses in afternoon trade but remained near correction territory and on track for their worst week since 2011. Earlier, the averages briefly attempted to halve losses in mid-morning trade.

"I think uncertainty about China (and) general negativity is weighing on the market. There's a lack of positive economic news to motivate buyers," said David Kelly, chief global strategist at JPMorgan Funds. He noted "there's nothing particularly negative in the U.S. economic outlook."

Read more: http://www.cnbc.com/2015/08/21/us-markets-global-growth.html

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I'm in the markets and the Clinton campaign for the long term, and I'm not worrying about intermittent bumps.

[vadermike]

1. agreed

I am a worrywort on here alot about HRC.. but I am in the market like you and I am a HRC supporter and and in the marlkets long term since 1999... I beleive it will all shake out.. in our favor.. Hillary in the Whitehouse and 2016... and hopefully Dow 19000.. god forbid of the REpubs come in.. The Dow and/or economy does horrible when they are in ugh

[BumRushDaShow]

2. They are doing a sell off to get some extra vacation $$$

before they start buying it back when it bottoms.

[onehandle]

3. Sounds like a good moment to buy some Apple. nt

[BlueEye]

4. Hillary isn't running for President of the global economy, just the United States.

Against all odds, America's economic vital signs are steadily improving, and I would like to believe that metrics like decreasing unemployment, lower gas prices, mild inflation, etc. will carry more weight with the voting public than what the DJIA is doing.

On a side note, this demonstrates how absurd Jeb Bush's "I will deliver 4% growth" *promise* is. How does he plan to control for a deteriorating Chinese economy, Europe, strong Dollar, etc? Perhaps he plans on starting a couple wars, that would jump-start growth!!