Skip to comments.Day 2 Mega Crash: Dow Closes Down 530 Points
Posted on 08/21/2015 1:56:00 PM PDT by amessenger4god
That is a 3.12% loss in a single day. 5.18% today and yesterday. To put that in perspective between 750 billion and 1 trillion dollars in market value were just wiped out in two days in the U.S. alone.
And it isn't even September yet.
It is about to get really, really ugly. CNBC is reporting that China's market is now mirroring 1929, and we could see the Chinese market crash a further 9% over just the next 4-5 days.
Again I'll ask you: is your treasure in Heaven or on earth?
You can't eat your gold, your silver, or your stocks, but God provides for His children.
I don't want you to freak out, but rather to invest where it counts while there is time.
Now it might be wise to have some cash on hand and some supplies, but don't rely on them. Be prudent, but rely on God. Trust in Christ.
Nothing like using fear and pain to sell God.
Looks like the "0bama Recovery" is just like everything else about him - FAKE!
We have all been warned of the false bottom. Gee i wonder who is making a fortune ++ over the past couple of days?
Knowledge is power. Use it to make a lot of money. I certainly am..
Sorry.... i am afraid to do the math
“Rely on God, Trust in Christ.”
I once saw a sign in a store....
“In God We Trust, All Others Pay Cash.”
I miss my dad he was in the stock market and would keep his stuff pretty neat more so when the computers came out still miss looking up the closing prices in the late edition of the L.A Hearald Examiner for him and tieing one on that day in 87 oct something
That’s how Obama was sold...
Do all of the stocks that get traded actually exist?
Harry Dent June of this year:
The man who called nearly every major economic trend over the past 30 years including the 1991 recession, Japans lost decade, the 2001 tech crash, the bull market and housing boom of the last decade and, most recently, the credit and housing bubble has issued a startling new prediction.
The DOW is going to crash to a degree we havent seen since the Great Depression say world-renowned economist Harry Dent.
In fact, Dent says, Well see a historic drop to 6,000 and when the dust settles itll plummet to 3,300. Along the way, well see another real estate collapse. Gold will sink to $750 an ounce and unemployment will skyrocket Its going to get ugly.
If there were a republican/conservative president(not Jeb) in 2016 the fed and the rest of the elites would have insisted on a crash. Maybe the economy is so bad they can’t even delay it until 2016-7. Or maybe the little people are thinking too much of themselves: planned parenthood vids + Trump + Hillary emails + immigration — little folks getting a little uppity, need a boot on the neck North Korean economic style.
Wiped like with a cloth ?
I hear ya. There's a lot of crazy religious stuff on this forum the past few years. I'm sick of it.
I come to this forum to read about news, current events, and politics. Not to be in Bible study.
Art Cashin believes the next thing to watch is the stock market open in China this Sunday night. When Art speaks......it is time to heed his words.
That’s a terrfic name for a financial dudel
Art is one of the all-time greats of knowing what is happening on the trading floor and why.
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