re: 2016 off to a bang: Dow down 300 in pre-market

China is finally going to crash much worse than what we did a few years back.
They are more corrupt and their housing market is primed to completely crash. Their population has all their money invested in real estate and stocks. The only thing that keeps prolonging this is their government keeps intervening at every financial drop. Our DJA will probably decline to around 12,000 over the next few months, we have our own bubble to deal with. The global oil gut driven by the Saudis is a big wild card for everyone that could cause our DJA to drop more, just depends. China has never experienced this and only knows to throw money and stop the sell off. This will get very ugly once China really starts to freak out when their population riots against the government. We could see the fall of their government over this.

We are fortunate our economy is much stronger now than a few years ago. If this had happen to China when we had our financial crisis everyone would have been toast! Our bailout would have never worked if China had failed.