Posted on 08/23/2015 12:02:51 AM PDT by Enlightened1
This 888 point crash comes in the 8th month of our calendar
We witnessed something truly historic happen on Friday.
The Dow Jones Industrial Average plummeted 530 points, and that followed a 358 point crash on Thursday. When you add those two days together, the total two day stock market crash that we just witnessed comes to a grand total of 888 points, which is larger than any one day stock market crash in U.S. history. It is also interesting to note that this 888 point crash comes in the 8th month of our calendar. Perhaps that is just a coincidence, and perhaps it is not. It just struck me as being noteworthy. This is the first time that the Dow has dropped by more than 300 points on two consecutive days since November 2008, and we all remember what was happening back then. Overall, this was the worst week for the Dow in four years, and there have only been five other months throughout history when the Dow has fallen by more than a thousand points (the most recent being October 2008). Of course we still have six more trading days left in August, so there is plenty of time remaining for even more carnage.
By itself, the 530 point plunge on Friday was the ninth worst stock market crash in all of U.S. history. The following list of the top eight comes from Wikipedia…
#1 2008-09-29 −777.68
#2 2008-10-15 −733.08
#3 2001-09-17 −684.81
#4 2008-12-01 −679.95
#5 2008-10-09 −678.91
#6 2011-08-08 −634.76
#7 2000-04-14 −617.77
#8 1997-10-27 −554.26
Another very interesting thing to note is that the largest stock market crash in U.S. history took place on the very last day of the Shemitah year of 2008...
(Excerpt) Read more at theeconomiccollapseblog.com ...
Somebody else’s TV seen in passing this morning talking about cheetah wood’s golf game and panda bears.... Happy; Oh they are bubbling...
“Buy good companies, diversify, and plan for the long haul. Things will be fine. If anything, a setback like this is a good buying opportunity.”
I agree, and with all the money on the sidelines right now, there will definitely be buying going on at some point in the not too distant future.
That said, there is a lesson here for anyone holding lots of securities who is near retirement. If you’re not planning to retire for awhile, then riding out these inevitable dips is doesn’t have to change your daily life so much. On the other hand, if I were close to retirement I would be very upset by this.
Retirement periods are 25 to 30 years.
entertainment value only, as inflation and an already hyped up market contributes to what appears to be a stupendous decline.
sorta like the market going from 5,000 to 10,000 then back to 5,000 and the guy saying “market doubled, then declined only 50%”
This crash was 5%.
Bumping for later.
Active wear at a nudist colony?
God is whispering to us. 888 points in the 8th month. 7 is God’s number, the Perfect number, the number of completion.
8 is man’s number. 8 is excess. 8 is too far. 50 million babies murdered, and their body parts sold on the market. Custom orders for certain body parts, cheerfully filled. We’re nearing judgment.
Or the King’s new wardrobe, depending on who you believe. ;)
Exactly. I stopped reading the article when it became obvious that the author doesn’t even know what he’s writing about.
Good for you! It means you will be buying more stock for the same amount of dollars. If you are getting a match from his employer, even better. The folks who have been in the markets for the past few years have made good profits and they are trying to protect those profits by selling now and re-entering later at a lower price.
Does anyone see something very strange when our elected representatives pull their money out of the market a few days PRIOR to the market falling as it did? And worse, to my understanding it is not illegal for them to do so?
Where did you get any information about stock trades by elected officials?
The best preparation is to be old. The future is really bleak for the young. There is no ‘there’ there anywhere in the world. Everything is built on a foundation that consists solely of trust. Even the most unsophisticated and uninformed people are starting to recognize that the only thing they can rely on is their innermost circle.
“Retirement periods are 25 to 30 years.”
Yep. I was just trying to say that when you stop having a regular income from employment, you’re generally more risk averse.
There’s fear in the air ... this might NOT be a casual buying opportunity...
Agree. Unfortunately, I fear that as events play out, things will get more and more terrifying. May we put our trust in Christ, and rely on Him for protection. May He use those who believe in Him as light in a darkening world.
I don’t have specific proof myself, but I agree with Dave on this premise: members of Congress are the biggest insider traders on the planet. They get into office, and leave as multi- millionaires on a government salary. It is common knowledge in Washington DC that insider stock trading happens all the time.
Yup. But, if I was close to retirement, I’d hope that I’d have a more conservative position in stocks. Or, more conservative stocks. Or both.
Been looking at futures, they’re down for tomorrow. Looks like this may be a bumpy ride over the next few weeks. Will start thinking about what I’m going to buy.
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