China, oil, driving nervous markets

By scott miller

So much for dog days. In what’s usually a quiet time for stocks, when Washington, D.C. is deserted and trading volumes slow to a crawl as Wall Streeters go on vacation, the market erupted last week — and plummeted.Concerns about the fragile state of China’s economy, the tanking price of oil, and the timing of the Federal Reserve’s first rate hike since 2006 combined to drive the major indexes to their worst week since 2001. Some opined that the six-year, post-recession rally had come to a close as the Dow fell more than 1,000 points into correction (a drop of …

Source:: Vail Daily Feed