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 ...
Ep. 105: Will The Fed Rescue The Stock Market?
by Peter Schiff
https://www.youtube.com/watch?v=35Wta_Y_Svw
TDV Interview Series: Marc Faber on Market Collapse and the Stupidity of Central Banks
by The Dollar Vigilante
https://www.youtube.com/watch?v=hQusNGz2peE
Still Report #417 - Market Crashes
https://www.youtube.com/watch?v=bgy2JkOd-g8
The Dow Jones biggest 3-day point loss in history was 1,477.45 points!
If the apocalypse is truly upon us (and I don’t rule that out) the only safe harbor is in Jesus Christ No amount of prepping will help it will truly be overwhelming Jesus is our ark of safety Cling to Him If it is northern apocalypse, the market will come back Either way there is no point in panicking and pulling everything out of the market If the worst happens anything you convert it to will be equally worthless
Sorry Posting from the phone
What is that they always say? "Past performance may not be predictive of future gains."
In spades. This is not your father's stock market. This thing is rigged six ways to Sunday.
If it is not being bubble inflated by deliberate fed policy, it has a zillion adversarial computers bidding against each other and doing to it what computer models have always done to "Global Warming."
The Stock market is currently a Ponzi Scheme. We are in 1929, figuratively, where even Groucho Marx related how he was taking stock tips from an elevator boy.
When Affirmative Action Super Idiot took office, the Stocks tanked into the toilet, and then the Lying King started fudging numbers and spending like a welfare recipient with an unlimited credit card.
Most of the growth is artificial. It was never valid growth to begin with, it's a pumped up bubble of easy money from the Fed and misreporting numbers with cheer leading from the Propaganda corps known as the Mainstream Media.
Stocks may recover, but I think there are very good reasons to believe that their increased value is smoke, and we will end up watching Brokers jumping off of buildings in New York.
The Free Market is drinking the Fed's milkshake.
Question, how does the Feds printing extra bills figure in the stock market? There should be some kind of relationship, right? I’d ask my bro but texting on a phone stinks.
One might not be able to predict exactly when an avalanche will occur, but when you see larger and larger piles of snow heaped upon the mountain, at some point it will let go.
This whole system is running on Unicorn farts right now. The only reason money has value is because the people still have faith in it. They are so ignorant that they don't know how bad the Federal finances are. Most of them don't even grasp the concept of a nation having failed finances.
As soon as that faith gets badly shaken, then we will see a financial crises.
Well put. Same thing I said, but more articulate.
On 19MAY2015 you’ll see that the Dow Jones was at 18,312.39. Three months and five days later it is down to 15,871.35.
That’s a drop of 2,441.04 points!
I think we’ll see more record breaking drops over the next few weeks. But that’s just the warm up to the main event around this 29Elul (13SEP2015).
No need to reply, post 45 explained it very well.
said the boy not smart enough to understand the business model of a lemonade stand,,,,
For almost 50 years the Nikkei went up with only minor pullbacks. In 1989 it was at almost 40k. It crashed and now, 25 years later trades at about 1/2 that. Adjusted for inflation that loss is probably doubled.
You are right. Just because something has not happened in a specific arena does not mean that it won’t.
That’s not to say it will happen but to dismiss the possibility is foolish.
This market floats on printed money. It is very near the end.
Yeah, he's the moron.
but it looks to me that point wise, he is correct.
Points wise is why he's a moron.
Do you remember the first time the Dow fell over 100 points in a day? Not many people do. That day was a 4.59% drop, today, 3.57%.
Behold: Insanity
This is not normal... Dow futures moved over 4,500 points intraday today!!!
http://www.zerohedge.com/news/2015-08-24/behold-insanity
So what you’re saying is that he is correct point wise, but you don’t want that discussed, so he is a “moron.” Does that about sum it up?
Past performance isn’t an indication of future returns.
As is in the fine print.
That's gonna leave a mark!...lol..just sayin
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