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As Global Markets Roil, Strategist Soothes Nerves: 'Some Normal Action Under The Surface' As 'Tech Got Way Ahead Of Itself'

Benzinga ·  Aug 5 02:17

It has been a "Black Monday" for the global stock markets as stocks across Asia fell, led by the Japanese market, and the index futures trading suggests a similar predicament for the rest of the global markets. On Sunday, CNBC Mad Money hostJim Cramerand Carson Group'sRyan Detrickweighed in with their thoughts on the development.

What Happened: The Nasdaq 100 and the R2K futures are down a steep 3%+ at last check, while the broader S&P 500 Index is down about 1.75%. If the losses carry over to the regular session, it would mark a third straight session of markedly...

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