9th Largest Stock DOW Crash Just Happened – 888 Points In Two Days

This is truly a time to be concerned.  The 9th largest one day stock market collapse just happened this past Friday, August 21, 2015.  The DJIA (Dow Jones Industrial Average) fell 530 points that day.  Previously, on Thursday, it fell 358 points, equaling 888 points, in the 8th month of the calendar year.  It also fell 588 points on Monday, when it reopened.  Below, you will find a chart of the two day collapse.  Keep in mind that even though this would have been the largest one day collapse in history (had it been one day) it comes in a month that is historically slow.  September, on the other hand, will be anything but slow this year.

Look at CNN on Monday 8/24/2015:

1000 point drop dow djia stock market

The DOW fell over 1000 points as you can see in the background.  Truly, we are experiencing a massive selloff.

Correction: As of 8/24/2015, after find numbers, the DOW fell ANOTHER 588.40 points today!

Watch the YouTube video below for my live coverage of what happened on Thursday, Friday, and now Monday

Direct YouTube Link to Stock Market Video

 

 

DJIA Stock Market Collapses 888 Points

Last Updated On: August 23, 2015
By: Nick Giammarino
Subscribe to the Global Currency Reset NewsletterCLICK HERE TO SUBSCRIBE TO THE FREE NEWSLETTER

The past weeks two day fall is the first time we have seen such a decline in the DOW since November 2008, and this is also the first time since then that we have had two back-to-back 300+ point drops.  During the 2008 financial crisis we experienced major selloffs, and we are seeing the same thing happening all over again.  This week is now the worst week in over 4 years for the DJIA.

 

As we will see in the image below, for China, the parallels between these past few months, and the 1929 crash are very apparent.

china stock market mirrors 1929 crash

If you haven’t had a chance to read my article on how to prepare for a coming financial collapse, please read it and watch the videos.

This recent Friday fall was marked as the 9th largest point fall.  It was reported that the S&P 500 lost $1.1 Trillion by itself.  Not limited to just the United States, Japanese and Chinese Stocks were also crushed, as well as European markets, and finally emerging markets around the globe were hit.

CNN ARTICLE: China stocks crash 11% in a week

Worst One Day DOW Point Drops

This is a chart of the biggest DOW point drops from 1997 - Present Day - Four took place during the 2008 financial crisis.
#DatePoint DropReason
1September 29, 2008777.68House Rejects $700 Billion Bailout
2October 15, 2008733.082008 Collapse After Federal Reserve Speech / Low Retail Sales
3September 17, 2001684.81First Trading Day After Market Reopens Following 9/11
4December 1, 2008679.952008 Recession Officially Announced
5October 9, 2008678.91All 30 DOW Stocks Fall in a major selloff
6August 8, 2011634.76Standard and Poors Rating Agency lowers U.S. from AAA to AA-plus.
7April 14, 2000617.77DotCom Bubble Bursts - Fears of Inflation
8August 24, 2015558.40Monday Trading Resumed (see #9)
9October 27, 1997554.26Asian Market Crash - U.S. Stocks Lose $663 Billion Market Cap
10August 21, 2015530.94Energy & Tech Stocks Hit - Oil @ 6 1/2 Year Lows @ $40 Barrel - S&P 500 lost $1.1 Trillion

I wrote a recent article about China’s stock market collapsing while the NYSE suspends trading since that article was written, things have gotten much worse for China.  If we look back to Friday, China’s stock market crashed more than our own DJIA (in terms of percentage points), but Japanese stocks were hit as well, so this is starting to appear like a global currency reset, but time will tell.

The State Bank of Vietnam (SBV) devalued the dong (VND) by 1 percent against the dollar this past Wednesday—marking adjustment #3 this year (2015) and this also widened the trading band to 3% from 2% previously, which happened to be the 2nd in less than a week.

Vietnamese dong

The financial carnage that we witnessed on Friday was truly global in scope. On a percentage basis, Chinese stocks crashed even more than U.S. stocks did. Japanese stocks also crashed, so did stock markets all over Europe, and emerging market currencies all over the planet got absolutely destroyed.

Don’t take it from me, listen to what the experts are saying:

-Harry Dent recently stated that we are just “weeks away” from a “global financial collapse“.

-Gerald Celente says that “the global economy has collapsed” and he is “predicting that we are going to see a global stock market crash before the end of the year“.

-Larry Edelson insists that he is “100% confident” that a global financial crisis will be triggered “within the next few months”…

Egon von Greyerz:  “Eric, the perfect storm has now started.  And this storm will turn into a hurricane probably within the next two months.  So in the next 60 – 90 days we will see all stock markets go down by at least 25 – 30 percent and likely a lot more.  And we could see gold reaching $2,000 and silver $50 within that time….

stock market crash

  1. China has had their worst week since July 2015 with stock closes at 5 month lows.
  2. Global Stocks have had their worst week since May 2012
  3. US Stocks are now having their worst week in 4 years
  4. VIX’s (an index measuring Volitilty) has experienced it’s biggest weekly rise ever – VIX measures volatility of S&P 500 index options.  It is known as the fear index or the  fear gauge.  It represents just one measure of the market’s expectation of stock market volatility over the next 30 day period.
  5. Crude oil has had the longest losing streak in over 29 years
  6. Gold has had the best week since January 2015
  7. 5 year TSY Yield’s biggest absolute drop in over 2 years

Look at what has happened to the price of oil, it’s now at the lowest point since February 2009:

oil prices below $40 lowest since February 2009

 

Most people are not prepared for what is about to happen.  You have to protect your family from what might happen.  As you can plainly see from above, things are NOT getting better as we are being told in the media.

As I said before, normally, August is a boring month in the stock market world.   Most big market collapses happen during September and October. I, like many others, thought we had time.  There is a possibility that this coming Monday 8/24/15 we might see improvement, but the market is very volatile right now, and anything can happen.

Subscribe to the Global Currency Reset NewsletterCLICK HERE TO SUBSCRIBE TO THE FREE NEWSLETTER

market crash

The markets always fall faster than they rise, so we might see many more down days if this correction continues.  Don’t forget that the biggest single day rises in the history of the stock market happened during the 2008 crisis.   Anything is possible from this point on-wards.  A bubble is beginning to burst, and stocks might fall even more, listen to what Brett Arends, who is a MarketWatch columnist just said:

“I don’t mean to be alarmist or to induce panic, but someone needs to tell the public that there is a plausible scenario in which the U.S. stock market now collapses by another 70% until the Dow Jones Industrial Average falls to about 5,000.”

It is important to keep in mind that Arends is not a “bear” at all. He is a very level-headed analyst that tries to objectively look at all sides of things.

If you haven’t yet prepared for this collapse, you need to right away, with uncertainty in the market, you have to be prepared for the worst case scenario of another recession and market collapse, perhaps many times greater than the 2008 financial crisis.

dow jones 888 point crash

To get in contact with Nick Giammarino, visit the following links:

http://www.nickgiammarino.com/

https://twitter.com/globalresetguy

https://www.facebook.com/theglobalcurrencyreset

https://www.youtube.com/user/globalcurrencyreset

You can also email me directly at nick (at ) global currency reset dot net

Final Thoughts on the Stock Market

Don’t forget, what has happened this past Thursday through Monday is historic.  See the image below:

highest stock market point drops one day

Folks, you need to be prepared for what might happen.  We could see a sudden stock market collapse of over 10% in just one or two days trading time.  Are you prepared?  Where are you keeping your money?  Do you have gold and silver stored away someplace safe?  Please do yourself and your family a favor, get prepared now while you still have time.

how to conquer the coming collapse

Thanks for reading this article, please share it with friends and family.  This news is not going to be reported like I have done it, so follow the links on the page, do research into how you are investing your portfolio, and protect your family from the coming global economic reset.

Listen carefully to this speech by IMF Managing Director Christine Lagarde:

Subscribe to the Global Currency Reset NewsletterCLICK HERE TO SUBSCRIBE TO THE FREE NEWSLETTER

Conquering the Coming Collapse Review of the PDF ebook

conquering the coming collapse pdf

Conquering the Coming Collapse Review Last Updated On: 8/1/2015   As someone who owns the conquering the coming collapse eBook, I think it's important for you to understand everything about it. I have put PDF links in this article, scroll down to … [Continue reading]

Chinese Markets Collapsed Today then NYSE Suspended Trading

china market collapse

This is one of the most important articles I have written ever since my article on the global currency reset, which I wrote when I first started my website.  This has been one of those weeks that all of us need to remember.  Many things happened that … [Continue reading]

What Is The Global Currency Reset – 2015 Update

Global Currency Reset

In this updated article on the Global Currency Reset, I discuss why it's important to get out of the stock market, cash out your 401k or IRA and get into tangible assets such as gold, silver, luxury cars, real estate, paintings, land, anything that … [Continue reading]