Dow Drops 800 Points in Worst Sell-Off of the Year

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    MattS
    Senior Moderator

    Dow Drops 800 Points in Worst Sell-Off of the Year

    Stocks dropped sharply Wednesday after the bond market sent a recession signal and the German and Chinese economy reported weaker than expected economic data.

    The Dow Jones Industrial Average dropped by 801 points by midday, falling 3 percent. The S&P 500 fell 2.9 percent, the Nasdaq Composite fell 3 percent, and the small-cap Russell 2000 fell by 2.6 percent.

    It was the worst day for the major indexes since December 2018.

    https://www.breitbart.com/economy/2019/08/14/stocks-plunge-as-treasury-market-signals-recession-warning/?utm_source=newsletter&utm_medium=email&utm_term=daily&utm_campaign=20190814&utm_content=Final

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    #12356

    Tony Koretz
    Keymaster

    We Just Witnessed The 4th Largest Single Day Point Decline In U.S. Stock Market History

    You had better buckle up, because it looks like we are in for a bumpy ride. On Wednesday, the Dow Jones Industrial Average was down a whopping 800 points. Not only was that the worst day of 2019, but as you will see below, there have only been three days in U.S. history that have been worse. An inversion of the yield curve sent investors into panic mode, and the selling was fast and furious. And of course back on August 5th we witnessed a 767 point decline. So this is now the second historic decline that we have seen so far this month, and the month is only about half over. Could it be possible that we are on the verge of a major stock market meltdown?

    Every major stock market bubble in U.S. history has ended badly, and this one will too. We have been waiting for this twisted game to start unraveling for quite some time now, and it may be starting to happen.

    READ MORE http://theeconomiccollapseblog.com/archives/we-just-witnessed-the-4th-largest-single-day-point-decline-in-u-s-stock-market-history

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