Uhoh its relatively easy to understand the basics but in-depth confuses the shit outta me.
You can buy/sell/trade stocks depending on how much they're worth that particular business day. If the stock goes up that means they're worth more and down means they're worth less. So when a crash like this happens it makes whatever stocks affected decrease significantly in worth which usually triggers alot of other people to start selling their own stocks to avoid them being completely worthless.
Now the big problem is that when everybody starts selling the worth goes down further because nobody wants them anyways. So when one area or company goes down alot it can have a chain reaction on a ton of different things. Crude oil is around 40 bucks a barrel so the price of gas should go down some, but when gas goes down other things can go up since they're in higher demand to make up for losts profits.
So basically, if its doing good companies can charge their normal inflated prices to rape us, and when it goes down they just fuck us while we bend over to pick up our Penny's worth of gas.
There's alot of other attributing factors in the prices of every day shit and China's stock market will effect us a little but but not as bad as it would if it were our own crashing. Plus unemployment isn't has high as it was a few years ago when the housing market an stocks crashed so that helps to give us a little more stability
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uh-oh