Tuesday, August 25, 2015
More stock market craziness: 442-point Dow rally vanishes
At the end of yet another wild day of trading, the Dow actually ended with a loss of 205 points as fears continued to mount over China's slowing economy and its contagion effect on the rest of the world.
Just in the last six trading days, the Dow has lost a total of nearly 1,900 points, or 11%.
Volatility remains extremely elevated signaling that more turbulence may lie ahead. Just look at CNNMoney's Fear & Greed Index, which is currently flashing "extreme fear."
"It's tempting to say we got the correction and it's over now. I see this as a new environment of volatility, meaning big down moves and big up moves," said Jeff Kleintop, chief global investment strategist at Charles Schwab.
Continue Reading at .... http://money.cnn.com/2015/08/25/investing/stocks-markets-china-turnaround-tuesday/