TUESDAY 8/25/15; SSEC Crashes -8%; PBOC Announces Rate Cut and Other Stimulus; European Stocks Rally; BBY; SAFM; TOL; New Home Sales; Consumer Confidence; 2-Year Note Auction; US Stocks Rally then Collapse; NMBL; RIG Cuts Dividend

Fifteen minutes before Japan, Australia and Korea stocks open for trading at 8:45 AM Tokyo time (7 :45 EST Monday evening), US futures are up large. S&P +12. Dow +100. Nasdaq +23. However, fair value is high as well so the large numbers only equate to a flat to slightly negative open for Tuesday trading in the States. Bulls will need to 














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RIG collapses -11% after announcing plans to seek shareholder approval for a cut to the Q3 and Q4 dividend. This is troubling. Chemical giant Dupont, DD, was first to cut its dividend now Transocean. The more that blue chip companies cut dividends the worse the markets and economy becomes.