The key stock index in Shanghai fell 5.3 percent today. The loss, the worst in 4 years, comes after China’s central bank froze lending between the country's financial institutions last week.
Part of what’s moving traders is uncertainty about the Fed’s next moves. But a number of key factors around the world have investors bracing for more sharp peaks and deep valleys.
Stock markets were up this morning, though data from a variety of sources indicate a only tepid economy. Juli Niemann, analyst with Smith Moore & Company, says it's precisely this bad news that is making the market rally.