NYSE Down 1000 Points on #BlackMonday: Financial Industries in Trouble?

Stocks in the United Stated plummeted on Monday morning in what's being labeled as #BlackMonday. The NYSE plunged 1000 points on opening, largely due to "continued fears of slowing growth in China," according to MSN.

CEO of Sarhan Capital, Adam Sarhan, notes that the plunge is all because of fear. "We saw important technical levels break last week. Huge shift in investor psychology," he said.

Because of the plunge, the S&P 500 plans to "halt trade" as the indexes flow downward by three levels: 7%, 13% and 20%.

"It has been a brutal start to the day and week on Wall Street," claimed Today host Matt Lauer. Per NBC, the plumet is due to "global growth worries." As the market worries more and more about the global economy slowing down, and China's stock market plummeting a bit as well, large investors here let fear dictate their trades – which caused the plunge. Investors such as McDonalds and other large companies who do business overseas in China are particularly the ones appearing to be driving the plummet overseas.

As of this reporting, the NYSE will be invoking Rule 48, which allows the exchange to open stocks san any indications. "It was set up for situations like this," claims Wunderlich Securities own chief market strategist Art Hogan.

While the NYSE appears to be having one hell of a day, Twitter is having a great time making fun of it:

You betcha #trump will be taking donations after #BlackMonday

— Mary Ramirez (@MaryDram) August 24, 2015

Where's Tim Geitner when you need him? Oh right, he's back working in Wall St. #BlackMonday — Wilhelm Davis (@WilhelmDavis) August 24, 2015

#BlackMonday : My God its 1929 all over again. We will be riding the rails again living in Hobo Jungles. My God Help us we are so screwed

— Acacia The Vet (@Acaciavet) August 24, 2015

I got out of the stock market 4 months ago. #DodgedABullet #BlackMonday — Daniel Bostic (@debostic) August 24, 2015

Hot money hedge funders the world over right now... #BlackMonday https://t.co/3e3JaPNpBo

— Phil R (@solidpennystock) August 24, 2015