FWIW, in overnight trade, the Shanghai composite index has fallen 102.53 points to 3,097.71 during the early session. It remains to be seen if the stock index will rally during the afternoon session or how European bourses and the NYSE will fare on Monday.

Michael Pento - Stock Market Will Crash and Take Down Real Estate Too
Greg Hunter
Published on Sep 13, 2015
https://youtu.be/ITrpKqu0h3U

Join Greg Hunter as he goes One-on-One with financial expert Michael Pento, who warns that “The market is extremely overvalued. If revenue and earnings growth is negative, if global growth is falling, if U.S. growth is falling, if margin debt is at a record high and cash is at a record low, and the only thing we had going for the markets is trillions of dollars in QE and 0% interest rates, and now we are going to lose that. Why would anybody think the stock market is going to hold up very well? I think the stock market crashes, and I think it is going to be the same thing that happened in 2007. As the stock market goes, so goes housing and so goes the economy. It happens over and over again throughout history. It will never be more so true than today.”