DOW CORRECTION IN THE MAKING AS THE LIES OF THE GREAT ECONOMY FROM THE DEMOCRAT POTUS BHO THAT WAS NEVER TO BE GOES BUST WHERE THE IT HAS HIT THE FAN IN YOUR FACE - DOW DOWN 16,459 FROM A HIGH OF 18,351 AND NOW WITH A ONE DAY DROP OF 530 THIS FRIDAY THE 21ST OF AUGUST

Stocks plummeted on global-growth fears for a second straight day Friday in a plunge that dragged the Dow industrials into correction territory.

The global market rout pummeled stocks and commodities as fresh evidence emerged that China’s economy is slowing, spooking investors.

The Dow industrials lost 530.94 points, or 3.1%, to close at 16459.75, putting it in correction territory, as defined by a 10% decline from a recent high. The S&P 500 dropped 64.84 points, or 3.2%, to close at 1970.89. The Nasdaq Composite fell 3.5%, or 171.45 points, to 4706.04.

The Dow’s more than 1,000-point drop this week was the largest weekly drop since the week ended Oct. 10, 2008.

U.S. oil prices also briefly dropped below $40 a barrel on Friday, a level not seen since the financial crisis.

http://www.wsj.com/articles/u-s-stock-futures-point-to-more-losses-1440159610