WALL STREET and WORLD ECONOMY in complete meltdown

*****MAJOR MARKET CORRECTION  IN PROGRESS*****

All the world markets are going down together.  Is this all about China?
http://wishingwealthblog.com/2016/01/all-world-stock-markets-entering-bwr-down-trends-i-am-in-cash-and-scared-and-monitoring-t2108/