Greek stocks plummeted 11% overnight while Shanghi's market dropped over 5% in a single day's trading. Greek political strife was quickly blamed for their debacle but no real consensus exists for China's rout. Most believe China's 2015 GDP, which is predicted to be in recession territory, and profit taking was the to blame. However a much more scary option may be to blame. Could we be seeing the beginnings of China's financial collapse? I don't think that's what we are seeing here but crude oil prices are weighing heavily on world markets and considering China's already fragile economy something had to give.