It’s not a question of “if” but only of “when” they will orchestrate another market crash...
Back in early October, the Dow Jones hit an all-time high of 26,952, but on Monday it closed at only 23,593.
On Monday 17 December, the Dow Jones Industrial Average lost another 507 points, and in the following days continued to go down.
The Russell 2000 is often an early indicator of where the rest of the market is going, possibly the Dow and the S&P 500 will fall a lot farther.
Compared to their peak values the following indexes have gone down more than 12.5%:
Dow -12.7%
S&P -13.7%
Nasdaq Composite -17.3%
Dow Transports -19.4%
Russell 2000 -20.6%
US stocks have not fallen this dramatically in December since the Great Depression of the 1930s (that lasted the whole decade).
Trillions of dollars of paper wealth has disappeared, and hedge funds are expected to go down like dominoes.
Earlier today, the New York Post described this as: “
The stars of the biggest hedge funds are losing their shirts as analysts fear a major financial wipeout is imminent”.
Ron Paul told CNBC: “
Once this volatility shows that we’re not going to resume the bull market, then people are going to rush for the exits” and that “
it could be worse than 1929”:
https://www.zerohedge.com/news/2018-12-18/worst-december-stocks-great-depressionMember of Skull & Bones, Treasury Secretary Steven Mnuchin, who has previously worked for Goldman Sachs, George Soros and Sir Leonard Blavatnik on Sunday increased the panic by announcing that he spoke with CEO’s of the 6 largest American banks: Brian Moynihan of Bank of America; Michael Corbat, Citi; David Solomon, Goldman Sachs; Jamie Dimon, JP Morgan Chase; James Gorman, Morgan Stanley; and Tim Sloan of Wells Fargo.
Media outlets labelled this as creating the “plunge protection team”.
Predictably on Monday, the Dow Jones lost another 650 points (2.9%); the worst Christmas Eve trading day on record.
The S&P 500 index slid 65.5 points (2.7%), the Nasdaq lost 140.1 points (2.2%), and the Russell 2000 index lost 25.2 points (2%).
Technology stocks, health care companies, and banks took some of the heaviest losses in the sell-off.
The dollar fell from 111.3 yen on Friday to 110.5 yen and the euro rate went from $1.137 to $1.142.
France’s CAC 40 fell 1.5%, while the British FTSE 100 index slid 0.5%. South Korea’s Kospi dropped 0.3% and Hong Kong’s Hang Seng lost 0.4%. Australia’s S&P ASX 200 increased with 0.5%.
Germany’s DAX and the markets in Japan and Indonesia were closed.
Donald Trump accused Federal Reserve chairman Jerome Powell for raising interest rates, threatened to fire him and tweeted: “
The Fed is like a powerful golfer who can’t score because he has no touch – he can’t putt!”:
https://www.breitbart.com/economy/2018/12/24/dow-down-600-xmas-eve/