REUTERS
Markets are getting smoked on Thursday, with the Dow falling as much as 330 points at one point.
The sell off in stocks comes after Wednesday's huge rally, and the Dow is currently on pace for its third straight day of 200 point swings.
There is a lot going on out there today, but via Dave Lutz at JonesTrading, here are five things that traders are looking at today:
- Global growth concerns are mounting after terrible German trade data, comments from Mario Draghi, and Larry Summers comparing the growth in Europe to what Japan faced in the mid-1990s.
- Ebola fears are continuing, as travel stocks including cruise liners and airline stocks are lower.
- Headlines suggesting that oil production from OPEC companies continues to increase is putting pressure on oil prices, which been getting hammered recently as crude oil is now below $86 a barrel for the first time since 2012.
- Energy stocks, namely coal stocks, are getting hammered.
- The VIX has spiked more than 17% to near 18, its highest level since February.
And again, a lot going on out there today, and these five points certainly don't capture everything going on in the markets, but these are at least some key points that a number of traders out there are taking note of.