So last night the Chinese stock market went into a tailspin after more than doubling in less than a year.  The Shanghai stock exchange index hit the magical 3000 points before all the Chinese people started selling, driving the whole market down 9% which is CRAZY! Analysts thinks it’s a combination of profit taking after seeing record numbers, plus comments and possible tightening of financial policies by the Chinese government.

Well that’s all fine and dandy until the US market started trading today, and just continued a downward trend all day!  Even hitting an dramatic additional 200 point drop at 3 pm, sending the Dow Jones down as much as 500 points total!! Both NYSE and NASDAQ ended the day down about 3-4%, the biggest one day loss since Septemeber 11!!

Good thing I’m not holding anything significant in the market right now… lol but these Chinese people need to get their act together and not go scared and crazy selling like a bunch of babies! Seriously!