The Crony Capitalist Crash Continues*, Dow down 468, S&P at 1913

Wall Street cc cc

Oil got hammered over 8% today. Stocks in the US 3% roughly.

This is largely driven by reality hitting China, the Ultimate Crony Capitalist State, and reality hitting investors around the world who have ridden the Fed driven asset inflation of the last few years. As we have said there are huge, massive, pockets of monetary cotton candy in markets which will collapse sooner or later.

But don’t worry, supposedly China has another dose of “stimulus” on the way. That ought to make things better.

Below are a few of the articles we have done on markets and China in the past 6 months or so for your information.

Bloodbath in Chinese stock markets, trouble spreading, “There is absolutely a ton of panic” (VIDEO)

“A grave mistake,” China steps up support to arrest stock market slide

Ron Paul: Stock market ‘day of reckoning’ is near (VIDEO)

Is the stock market really “rigged?”

Behind the 8% plunge in China’s stock market (today)

Forget Recession: According To Caterpillar There Is A Full-Blown Global Depression

There will be no 25 year long depression (It’s worse than that)

David Stockman: “The world economy, including the US, is heading into what is clearly going to be an apical deflation. The likes of which we’ve never seen in modern times.”

‘There Are No Markets, Just a Raging Casino’

The Great Malinvestment in China (and America), and the pleasure and pain of monetary tequila

But who knows? Maybe we break 18,000 in the Dow next week. Heck, why not tomorrow?

*This will not all happen at one time. It took us a while to get here.