Global stocks dropped like a ‘lead balloon’ on Monday — never even looked back from the min the mkts opened……renewed worries over Chinese economic conditions — likely confirming a contraction and the way the mkts reacted it is expecting a ‘global contraction’….and this caused investors to ‘exit’ the Chinese mkt in droves — which then set the tone for Europe, the US, and a host of emerging mkt countries…..Toss in the new brewing crisis in the Mid East — between the Saudi’s and the Iranians and you had the perfect brewing storm….
Source : Investors.com