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BLACK MONDAY: The First Time EVER The Dow Has Dropped By More Than 500 Points 2 Consecutive Days
The Economic Collapse ^
| 24 Aug 15
| Michael Snyder
Posted on 08/24/2015 5:50:43 PM PDT by SkyPilot
click here to read article
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To: SkyPilot
funny when the dow was 1000 a 500 drop was alot. in percentage. at 16000 -500 is crap. It was a mear -4% drop. if you have ever owned a stock that is just inter-day trading. the IPOs keep a stock price around 15-30 when the dow is at 16000. that is a penny stock. the crash, i think went from 2600 to 1900 i think. 500 points was a big percentage baby that’s a drop. when we get a drop of 5000 let me know. then sell out of the money puts and chomp your box of tums.
21
posted on
08/24/2015 6:18:17 PM PDT
by
kvanbrunt2
(civil law: commanding what is right and prohibiting what is wrong Blackstone Commentaries I p44)
To: SkyPilot
i just looked at the three trading sites i buy junk silver from and all three are mostly out
22
posted on
08/24/2015 6:23:58 PM PDT
by
Chode
(Stand UP and Be Counted, or line up and be numbered - *DTOM* -w- NO Pity for the LAZY)
To: WENDLE
But don’t forget it is illegal to structure your withdrawals, since Uncle Sugar will confiscate your accounts when doing this.
23
posted on
08/24/2015 6:26:27 PM PDT
by
SgtHooper
(Anyone who remembers the 60's, wasn't there!)
To: SamAdams76
The market will always recover and then go higher then ever. I am not so sure about that this time Sam. An economic Perfect Storm has been created by the Central Bank manipulation, the creation of imaginary money out of thin air (QE), hundreds of Trillions in unfunded liabilities in the US alone, debt on a Biblical scale, and years of government lying about the real data and our economic situation.
Happy talk might have stemmed the tide, but this slow motion crash is global. Everyone hid under the skirts of China for awhile, but now that glass house is broken.
I think the old rules of "buy and hold" may not apply anymore. Normalcy bias seems to rule the "experts."
24
posted on
08/24/2015 6:27:15 PM PDT
by
SkyPilot
("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
To: bigbob
Its what they call a market, not a savings account That's part of the problem. Those folks with IRAs and 401Ks have come to believe it is an account that they can rely on.
Did you see this article from today?
Millennials Dont Trust Stock Market, Goldman Sachs Poll Shows
Us Boomers need the Millenials to put their fewer and fewer available dollars into the markets in the near term. If they don't, the market will react as a ponzi scheme.
25
posted on
08/24/2015 6:30:42 PM PDT
by
SkyPilot
("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
To: kvanbrunt2
when we get a drop of 5000 let me know. That could happen between now and October.....
Or, stocks could rally. They will probably go up this week, as the article said. But the long term vital signs don't look good, and the patient seems very sick indeed.
26
posted on
08/24/2015 6:32:22 PM PDT
by
SkyPilot
("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
To: SgtHooper
But dont forget it is illegal to structure your withdrawals, since Uncle Sugar will confiscate your accounts when doing this. And if they want to nail you for "structuring", they will. The law wasin fact written so that they could nail you if they felt like it.
The banks now file Suspicious Activity Reports (SARs) on a routine basis, because Obama's "Just Us" Dept went after banks for not nailing and harrassing enough people.
And it gets even worse.....
Law Lets I.R.S. Seize Accounts on Suspicion, No Crime Required
27
posted on
08/24/2015 6:37:47 PM PDT
by
SkyPilot
("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
To: Chode
i just looked at the three trading sites i buy junk silver from and all three are mostly out Yes, physical metals will get even harder and harder to come by.
I am waiting for all of those who hold paper that says they "own gold" to realize there isn't any.
28
posted on
08/24/2015 6:39:14 PM PDT
by
SkyPilot
("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
To: L,TOWM
The crap going on implying that by year end we are all going to be shooting each other for the last can of tuna in the world sounds asinine to me. I think what could happen in a very bad and deep crash are: riots (EBTs cut off), panic, empty grocery shelves in some areas, and possible loss of essential services in some way (power, etc).
Even localized, these crisises will get international media attention, and that can make the problem worsen or incite the panic even more.
I would have some food and water on hand anyway even if there were not some very deep concerns about the global economy. It is a wise thing to do.
29
posted on
08/24/2015 6:42:50 PM PDT
by
SkyPilot
("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
To: 9YearLurker
The 1000 point intraday drop is the largest EVAR!!!
30
posted on
08/24/2015 6:46:40 PM PDT
by
Jack Hydrazine
(Pubbies = national collectivists; Dems = international collectivists; We need a second party!)
To: WENDLE
Show me a single time it hasn’t recovered.
31
posted on
08/24/2015 6:48:39 PM PDT
by
Red in Blue PA
(war is peace, freedom is slavery, ignorance is strength, obama loves America)
To: Red in Blue PA
In 29 — you were dead before it recovered.
32
posted on
08/24/2015 6:50:00 PM PDT
by
WENDLE
(How did Hillary get Top Secret docs out of the Dedicated Secure Network facility?)
To: SkyPilot
Millenials are also idiots. Whatever they do, do the opposite.
33
posted on
08/24/2015 6:50:52 PM PDT
by
Red in Blue PA
(war is peace, freedom is slavery, ignorance is strength, obama loves America)
To: Jack Hydrazine
Points wise but on 10/19/1987 it dropped 22.61%. This was nowhere close.
34
posted on
08/24/2015 6:55:49 PM PDT
by
Lurkina.n.Learnin
(It's a shame nobama truly doesn't care about any of this. Our country, our future, he doesn't care)
To: SkyPilot
100%
35
posted on
08/24/2015 6:55:58 PM PDT
by
Chode
(Stand UP and Be Counted, or line up and be numbered - *DTOM* -w- NO Pity for the LAZY)
To: SkyPilot
On Monday, the Dow Jones Industrial Average plummeted 588 points. It was the 8th worst single day stock market crash in U.S. history No, it wasn't, you moron.
36
posted on
08/24/2015 6:57:49 PM PDT
by
Toddsterpatriot
("Telling the government to lower trade barriers to zero...is government interference" central_va)
To: Red in Blue PA
Millenials are also idiots. Well, that's a pretty generalized statement of every American born between 1977 and 2000. But you are entitled to your opinion of course.
37
posted on
08/24/2015 7:02:07 PM PDT
by
SkyPilot
("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
To: SamAdams76
I started in 85 too.
Panicked in 08, paid off what seemed like bad insurmountable debts but really, really, should have stayed and if I had stayed in it till today... I would still stay.
That’s all the detail I care to share.
People need to stay in. Panic will destroy you.
38
posted on
08/24/2015 7:05:15 PM PDT
by
right way right
(May we remain sober over mere men, for God really is our one and only true hope.)
To: Toddsterpatriot
Well, those are his words, but it looks to me that point wise, he is correct.
A 588 point drop today....
And.....
If you factor in last week, and today, then in less than 80 hours of trading the market is self destructing.
39
posted on
08/24/2015 7:05:38 PM PDT
by
SkyPilot
("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
To: Dilbert San Diego
Obama has said we should not worry about daily gyrations of the stock market. And officially we are told that the economy is getting stronger and stronger, bin Laden is dead and GM is alive and all that........... When Obama is not busy being an imbecile, he lies. Constantly.
40
posted on
08/24/2015 7:06:51 PM PDT
by
DiogenesLamp
("of parents owing allegiance to no other sovereignty.")
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