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Breaking News Home | All | Religion | Society | Tech | Choice | Fridays | SA Newsroom
FRONT PAGE  |  5/22/2018
TUESDAY, FEB 6, 2018  |  5 comments
Dow down a record 1,175

The Dow fell as much as 1,597 points in afternoon trading, the largest intraday drop in history. The blue-chip index’s 4.6% decline reflected its worst day since at least Aug. 10, 2011. Coming off its worst week in two years, the Dow wiped out its 2018 gains with its pullback Monday.

The CBOE Volatility Index, known as the market‚Äôs ‚Äúfear gauge,‚ÄĚ soared 115% to its highest level since 2011.

Stocks have lost steam with investors refocusing on the potential for faster inflation growth. Job gains in January fueled those concerns, turning a spotlight on the Federal Reserve and its timeline for interest rate hikes. A stronger-than-expected gain of 200,000 U.S. jobs was seen as raising the odds that the central bank will increase its benchmark rate in March. The report also offered more evidence that the U.S. economy is gaining strength with wages climbing at their strongest pace since 2009. ...


CLICK HERE to Read Entire Article
www.foxbusiness.com

Response to economic crisis?
  START  
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· Page 1 ·  Found: 5 user comment(s)
News Item2/6/18 6:05 PM
Wayfarer Pilgrim | Lubbock,tx  Find all comments by Wayfarer Pilgrim
Could be, the market is correcting, because 2 trillion dollars is coming back into the economy, and its most likely going to about growth for the citizens and for investment for economy as opposed to the shareholders growth .
5

News Item2/6/18 11:52 AM
Frank  Contact via emailFind all comments by Frank
Just a guy wrote:
Oh wow I am shocked. The culture's failed financial system is having a set back. Till we go back to wise, Biblical principles concerning money, we will continue to have things like this happen. I have been watching the Bitcoin thing for some time now. It is the biggest Ponzi scheme since social security. They say the biggest investers are the "deadhead" generation of 18-30. The ones who never get married, party every weekend and live completely for themselves. They are not many left who still follow the Lord in the age group.
Good comment! Yes, our country teaches that greed is a good thing and societal success is some kind of sign that the Lord loves them. The rich and famous are normally held to a different standard then let’s say the ditch digger. But our Lord said:

1 Timothy 6:8 And having food and raiment let us be therewith content. 9 But they that will be rich fall into temptation and a snare, and into many foolish and hurtful lusts, which drown men in destruction and perdition. 10 For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.

Yes, I have a grandson who is into the Bitcoin thing.

4

News Item2/6/18 9:55 AM
Just a guy | Mississippi  Find all comments by Just a guy
Oh wow I am shocked. The culture's failed financial system is having a set back. Till we go back to wise, Biblical principles concerning money, we will continue to have things like this happen. I have been watching the Bitcoin thing for some time now. It is the biggest Ponzi scheme since social security. They say the biggest investers are the "deadhead" generation of 18-30. The ones who never get married, party every weekend and live completely for themselves. They are not many left who still follow the Lord in the age group.
3

News Item2/6/18 7:14 AM
Ignominious Emirakan | History making  Find all comments by Ignominious Emirakan
Fly high & die

"Wilt thou set thine eyes upon that which is not?
for riches certainly make themselves wings;
they fly away as an eagle toward heaven."
Pr23:5

Moth eaten currencies.

There‚Äôs a tremendous amount of people that are going to be forced out of their positions at lower rates,‚ÄĚ Greenberg said.

2

News Item2/6/18 12:59 AM
Jim Lincoln | Nebraska  Find all comments by Jim Lincoln
Or as Bloomberg put it:
Lu Wang and Jeran Wittenstein wrote:
... not even pessimists were prepared for the white-knuckled ride that for 15 harrowing minutes sent the Dow Jones Industrial Average tumbling almost 1,600 at its lowest point -- its biggest intraday point decline in history.

Coming after a 666-point rout on Friday that shook investor confidence, Monday’s plunge left many investors wondering just where the pain would end....

--http://tinyurl.com/y7nuscor (Bad Day Turns Terrifying With the Dow's Dramatic Drop )

I see the number 666 was in this story. Bloomberg did end up, upbeat though.

1
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