Posted on 08/24/2015 5:50:43 PM PDT by 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, and it was the first time that the Dow has ever fallen by more than 500 points on two consecutive days. But the amazing thing is that the Dow actually performed better than almost every other major global stock market on Monday. In the U.S., the S&P 500 and the Nasdaq both did worse than the Dow. In Europe, almost every major index performed significantly worse than the Dow. Over in Asia, Japanese stocks were down 895 points, and Chinese stocks experienced the biggest decline of all (a whopping 8.46 percent). On June 25th, I was not kidding around when I issued a “red alert” for the last six months of 2015. I had never issued a formal alert for any other period of time, and I specifically stated that “a major financial collapse is imminent“. But you know what? As the weeks and months roll along, things will eventually be even worse than what any of the experts (including myself) have been projecting. The global financial system is now unraveling, and you better pack a lunch because this is going to be one very long horror show.
Our world has not seen a day quite like Monday in a very, very long time. Let’s start our discussion where the carnage began…
Asian Markets
For weeks, the Chinese government has been taking unprecedented steps to try to stop Chinese stocks from crashing, but nothing has worked. As most Americans slept on Sunday night, the markets in China absolutely imploded…
As Europe and North America slept on Sunday night, Chinese markets went through the floor — the Shanghai Composite index of stocks fell by 8.49%...
(Excerpt) Read more at theeconomiccollapseblog.com ...
What we are watching unfold is incredible. Of course the mainstream media is bringing on lots of clueless experts that are talking about what a wonderful “buying opportunity” this is. Even though those of us that saw this coming have been giving a detailed play by play account of the unfolding crisis for months, the talking heads on television still seem as oblivious as ever. What is happening right now just doesn’t seem to make any sense to the “experts” that most people listen to. I love this headline from an article that Business Insider posted on Monday: “None of the theories for the Black Monday market crash add up“. Yes, if you are willingly blind to the long-term economic and financial trends which are destroying us, I guess these market crashes wouldn’t make sense.
Well, it is bad but I would think the number of points is not as relevant as the percentage.
Get what you can out of the market and get your money out of banks.
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...........
You would be crazy to do that. You would lock in your losses. The market will always recover and then go higher then ever.
Really. ???
Big whoop. 500 Dow points ain’t what it used to be.
Bush’s Fault
ATM’s Fault
Weather’s Fault
Greedy Doctor’s Fault
Never Obama’s Fault
Like anybody takes advise from that fraud.
...and do what with it?
Stocks go up, stocks go down. It’s what they call a “market”, not a savings account. Overall stock growth has offered the best return available anywhere and the smart investors will ride this out just as we have in the past. And we will be fine.
Yes really. I’ve been in the market since 1985. It goes down and then it always comes back up.
bprepared
Good luck my friend.
Won’t need it but thanks.
The thing that is fascinating to me is that the Shanghai Composite is now at the level it was at in late January of THIS YEAR. So, we now have a break-even index for this year. In fact, looking at exactly 1 year ago, the index is still nearly 50% higher than it was in August 2014. The Index would have to lose another 1,000 points (or 33% of where it is now) to have a flat performance for a year.
Not certain why this is panic time for everyone else... Or even China, for that matter. Even here in the US, the NASDAQ lost 80% of its value in 2 years, value which has yet to be recovered and we’re still here living in luxury. 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.
Wish I lived in your world of bliss!
IMVHO thing are about to get apocalyptic around the globe. The “market” is rigged and those who haven’t prepped are about to discover some very harsh truths.
I pray everybody has at least a month or two worth of cash/food/water on hand.
Better yet....read, memorize, and accept John 14:6 and John 5:24 as more factual than today’s DOW report.
I guess They heard Joe Biden might be running for President.
>> Even though those of us that saw this coming have been giving a detailed play by play account of the unfolding crisis for months
And months... and months... and months...And months... and months... and months...And months... and months... and months...And months... and months... and months...And months... and months... and months...And months... and months... and months...And months... and months... and months...And months... and months... and months...And months... and months... and months...
Congratulations! Sooner or later y’all razor-sharp analytical minds were bound to be right!
To use the worn cliché: y’all have accurately predicted seventeen of the last one significant Dow drops.
(and, yes, there ARE buying opportunities out there!)
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