Dow Jones Plummets by 1000 Points as Economic Pessimism Grows

Via AAN:

The Dow Jones plummeted by over 1,000 points on Monday as markets continue to react to a seemingly unending series of bad news while it awaits comments from federal reserve chairman Jerome Powell.

The Details: The market bloodbath comes in the midst of historically high tensions between NATO, Russia as Ukraine with many observers now believing that Russia is preparing for a full-scale invasion of its eastern European rival.

In addition the market has reacted negatively to a series of bad earnings reports from former stellar corporate performers such as Netflix.

Meanwhile Bitcoin has lost almost half its value in recent months, with a massive sell off seen in the last several weeks.

The single biggest factor causing fear in the markets however is the fear of future increases in interest rates from the Federal Reserve.