#BlackMonday: Not a good day but not a crisis yet - Patrick Young by Radio Sputnik published on 2015-08-24T15:51:35Z Patrick L. Young - leading market analyst, investment consultant, and author of financial bestseller – “The Gathering Storm”. Torun, Poland. --- “Black Monday” on global stock markets as hundreds of billions wiped off bourses. Dow Jones has faced a historic 1,000 points fall for the first time in history. European markets are facing biggest losses since 2008. The Paris stock market plunged by over seven percent in mid-afternoon trades with several other European bourses following in its wake. Some already call it a repeat of Black Monday of 1987 when stock markets around the world crashed, shedding a huge value in a very short time. The global selloff was spurred by 8.4 percent loss on China’s Shanghai Composite Index at the close of trading on Monday - the biggest single-day percentage loss it saw since 2007. Genre BlackMonday
