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The global market freakout of 2016 just got worse.

LNM Radio Network

LNM Radio Network

The latest scare came on Thursday as China’s stock market crashed 7% overnight and crude oil plummeted to the lowest level in more than 12 years.
The Dow dropped 392 points on Thursday. The S&P 500 fell 2.4%, while the Nasdaq tumbled 3%.
Most of the blame goes to China, which is believed to be the biggest threat to U.S. stocks this year.
http://money.cnn.com/2016/01/07/investing/stocks-markets-dow-china/index.html