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August 25, 2015 | Stocks Tank In Last 15 Minutes; Correction Not Done?

John is author or co-author of five books, including of The Money Bubble, The Collapse of the Dollar and How to Profit From It, Clean Money: Picking Winners in the Green-Tech Boom and How to Profit from the Coming Real Estate Bust. A former Wall Street analyst and featured columnist with, he currently writes for CFA Magazine.

That was sudden. After soaring at the open and holding big gains all day, US equities fell off the table in the last 15 minutes of trading, ending over 500 DOW points below the day’s high. Guess the, um, uncertainty isn’t over.

Stocks tank at the end

Looks like another central bank will have to step up this week. Since the Fed is already backtracking on its September rate increase, the simplest for all concerned will be a quick one-line press release saying “never mind.”

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August 25th, 2015

Posted In: Dollar

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