Many analysts have predicted an economic crisis is just over the horizon. Could the stock market’s recent plunge be the recession they’ve said is long overdue?
The drop amounted to just a 4.6% drop, which doesn’t seem like much; but it’s the biggest decline since August 2011, during the European debt crisis. But it was nowhere close to the destruction on Black Monday in 1987 or the financial crisis of 2008. Still, for investors watching the steady upward climb since Election Day, it was alarming. The plunge pushed stocks closer to what’s called a correction, or a 10% decline from their most recent high point. The S&P 500 is down almost 8% from its all-time high.
Although stocks went into a freefall yesterday, the Dow had been down 1,600 points. A small rally recovered some of the losses. According to CNN Money, the rout in U.S. markets continued to ripple around the globe. Japan’s Nikkei index plunged 4% in Tuesday morning trading while the S&P/ASX 200 in Australia dropped 3%. The recent sell-off wiped out the Dow and S&P 500 gains for the year and left the Nasdaq barely in positive territory for 2018.
The trouble in the market began early last week when investors began focusing on a number of lingering concerns. If the economy gets much stronger, it could touch off inflation, which, according to CNN, has been mysteriously missing for the nine years of the post-crisis recovery. But Peter Schiff has begged to differ, saying that the United States has not experienced a “growth story” but an “inflation story.”
“People are dealing with the shock of seeing real inflation for the first time in a while,” said Bruce McCain, chief investment strategist at Key Private Bank. Investors have also been nervously watching the bond market, where yields have been creeping higher. But many analysts claim the next recession will begin in the bond market. As yields rise, bonds offer better returns, which makes them more attractive to investors compared with risky stocks.
Stocks sank throughout the day, then went off a cliff in the final hour of trading. The Dow was down 800 points at 3 p.m. Within minutes, it was down 900, 1,000, and then 1,500 points. At its low, the Dow was down 1,597 points, before buyers rushed in and limited the decline.
The White House said in a statement that President Trump was focused on “our long-term economic fundamentals, which remain exceptionally strong.” The statement cited strengthening economic growth, low unemployment and increasing wages for workers.
The NY Fraud Market based on complete BS and supported by daily injections of printed out of thin air FED money will bounce back to the charade it has been for years. It will crash when the hucksters want it to crash not before and not after. Looks like punishment to Trump admin. for releasing the memos. But if he gets a good war going via Syria or NK the CFR owned MSM will go easy on him and the market. Same script and same results and most leaders know this or they end up JFK’d.
In 1929, many people thought “a stock market crash only affected the rich people.”
“Those who don’t know history are destined to repeat it.”
– Edmund Burke
Why I believe it is so important to be able to grow/raise our food.
Gold & Debt: The 1929 Great Depression vs The Next Great Collapse
—-“The situation Americans face in the future will be nothing like anything they have experienced in the past. While we have seen old footage and heard stories about the Great Depression (starting in 1929), we have no idea how bad things really were during the 1930’s.
At that time, approximately 25% of the American population were farmers. Thus, when things really got bad, folks in the cities could move out and stay with their families or relatives on the country farm.
This is not an option for most Americans today as only 2% of the population are farmers and ranchers.”
Debt and our currency…
“The $20 Gold Certificate was printed in 1929, and the $20 Federal Reserve Note was printed 80 years later in 2009. Both are bills, but one was backed by real gold and the other is now backed by $19.4 trillion in U.S. Public Debt. That is why it’s called a “Note.”
We must remember, a “Note” is an obligation. When you take out a home mortgage or car loan, it can be also called a “Note.” So, all those Federal Reserve Notes we keep in our wallet or purse are debts or obligations we owe, rather than an asset such as a Gold Certificate that represents physical gold.”
The US Stock Market Value, Up or Down does NOT affect 80% of Americans who live pay check to paycheck.
For the most part, you are correct. Only an all-out crash that starts shutting down or collapsing businesses would hit most of us. And even that would be limited.
China caused this problem by cutting our credit rating from AAA- to B+ last wed. and our stock market went into freefall, check it out.
US stock futures point to a third day of big losses, global markets plunge
“Dow futures were indicating a roughly 540 point drop at the open.”
“Oil prices and bitcoin futures came under sharp pressure as the global sell-off continued to drag on sentiment.”
Look out for the Zionist/Freemasonic symbols – 666, one eyed Lucifer, the checkerboard and the devil horns.
There will likely be more hoax and false flag terror attacks to advance the NWO so beware.
You mean I wasn’t supposed to go out of my home and lay waste to the entire neighborhood – all based on the stock market drop? Oh my goodness. “Sorry”, guys down the street. My bad. At least I have one heck of a clear zone now around my house.
It’s all a complete b.s. racket folks.
The modern buildings have no way to jump out of the windows since they don’t open. At least we learned one thing from 1929!
The Federal Reserve is antithetical to the desires of America’s founding fathers. This organization is not part of the U.S. Government and they demonstrate disdain for the populist American movement. They lowered interest rates throughout the communist Obama years and recently professed the intention of raising interest rates now and in our future. People that pay attention know the insane debt levels of our nation cannot be serviced at a high interest rate. Look for age and class warfare as elder citizens like me are made the scapegoats. Entitlements will be reduced, then disappear as the country tries to hold its fiscal head above the drowning levels of debt.
Crazy is the new norm.
%4 drop is not a crash.
Saying this is the biggest single point drop (1175) in history is as relevant as comparing box office profits of films in 2018 where ticket prices are $15+ to Star Wars (1978) where ticket prices were a back or two. Its meaningless.
Movie tickets are only $4 here.
One should not take it too seriously anyway because the market is completely manipulated. This 1175 point drop in a 25000 stock market is not serious. The market crash of Oct. 28 & 29, 1929 was 69 points for a 34% drop which helping to trigger the Great Depression. Yesterday was a 4.2% drop.
Besides, based on many past articles about market crashes on this site many have posted they want it to happen, and if/when the economy crashes they’re prepped and/or going to start shooting people.
If the market tanks. It will affect 500,000 people a month as they loose their jobs. 500k slowly shrinking every months until the monthly job losses stabilize.