United States stock indexes traded significantly lower on Monday amid a global selloff, driven by inflation concerns, as well as the surge in new COVID-19 infections. Over the weekend, media reported that the Washington-held Quad summit should lead to a new semiconductor partnership among participants. The Dow Jones Industrial Average slid 1.37%, or 473 points at 4:24 am ET, while the Nasdaq lost 1.05%, or 160 points. The S&P 500 plunged 1.18% or 52 points at the same time. Nick Note: This is getting out of hand. Part of the fear in the market is the silence by the Chinese government on its latest wipe out of investors…especially the stupid US funds and investment bankers…. How did they hook them in. Its the classic free money trap. CHASING HIGHER YEILDS. Evergrande bonds were paying 8% in the classic what you see is what you do not get! And for the record the owners of this debt are US retirement savers who log on to their IRA fund and check the yield……. . China is closed for 2 days another freeging holiday. My read is the Chinese government will intervene and bond investors will take up to a 80% hair cut. Before I jump off the bridge i need to get a read on what is going on. I see a China take over of Evergrande….. As to the China real estate crises its worse in the US……… And the reaction in the US markets is overdone. Do not get me wrong a wipeout is coming… It will come as the FED raises rates and cut of the 150 billion a month in direct stimulus