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The panic started early morning on Monday the 24th of August, 2015. It wasn’t the first day where things in Wall Street pointed south, but however bad the main indices had behaved the week before, on this morning it looked really scary. Minutes before the formal trade began, 9:30 AM ET, the NASDAQ’s futures reflected an expected collapse of around 8%, following decreases 2-3% in the days before, mainly caused by the questionable economic situation in China.
Now, an 8% fall is a scary thought for an investor, no matter how well you deal with risk, but this was just the ... (read more)