Lets take a look about the global economy to find what cause the big drop on Thursday and Friday.
- Talks about bank run in china
- China's manufacturing sector is contracting
- CNBC is reporting that U.S. retailers just experienced the worst holiday season since 2008.
- The U.S. Congress is facing another deadline to raise the debt ceilingin February.
- The Dow fell by more than 170 points on Thursday and the Japanese stocks experienced their biggest drop in 7 months on Thursday.
- The value of Turkish lira is collapsing.
- Brazilian stocks declined sharply on Thursday amid fears of Argentina economic mild down is going to spill over into Brazil.
- At last but not least the chaos thats happening in Ukraine.