How the #BlackMonday meltdown happened on Twitter

  • Published
Global Markets Lose FaithImage source, Reuters
Image caption,

Investors are fearful of a Chinese economic collapse

Wall Street is reeling after stock prices plunged, rebounded and then plunged again in a chaotic day of trading dubbed "Black Monday".

Stock markets in Europe and across the world also fell on Monday as investors were unnerved by fears of a Chinese economic slowdown.

All the while, jokes flew on Twitter.

It may sound confusing - and it is. Here is how the bewilderment and subsequent joking played out on Twitter.

The power of Twitter

Some said Twitter really controls the stock market-and offers the best financial advice.

Image source, Twitter
Image source, Twitter

What is worse: One Direction going on hiatus or Black Monday?

The band One Direction announced a hiatus on Monday, and its fans are quite dedicated. The day the band breaks up for good will be pretty "black" indeed. Sorry, stockbrokers.

Image source, Twitter
Image source, Twitter

What it looks like on Wall Street

Some lamented that it was time to pull out stock photos of "exasperated" traders again. Or maybe a cartoon dog with his house burning down is a better fit?

Image source, Ashley Gold
Image source, Twitter

Stocks can be hard to understand

If you are texting mum and dad to see what the crash means for them, you are not alone.

Image source, Twitter

Or maybe you are just nodding along and pretending you understand.

Image source, Twitter

Not another sale, folks

Black Monday may sound like that day people shop after Thanksgiving early in the morning (Black Friday) or that day people order cheap goods on the Internet (Cyber Monday). Not quite.

Image source, Twitter

What is the difference, really?

Image source, Twitter

A shopping day might be a bit more fun for investors and traders than reality.