BOOM! Dow Closes Down 588 Points
Opening to an historic 1,089 point loss this morning, the Dow recovered most of that only to crash again by the end of the day.
Today's 588 point loss was even greater than Friday's massive crash. An additional 3.58% of the market was wiped out today.
Earlier in the day CNBC reported that a loss under 500 points would be a "good sign", greater than 500 points a "bad sign". You do the math.
Deutsche Bank gives 10 reasons we are just beginning
Records were smashed today in the U.S.:
1. Largest flash crash ever
2. Largest two day loss (Friday, Monday - 1118 points)
3. Largest three day loss (Thursday, Friday, Monday - 1476 points)
Overnight, Chinese and Japanese markets crashed a further 8.5% and 4.5% respectively.
MARANATHA!
Today's 588 point loss was even greater than Friday's massive crash. An additional 3.58% of the market was wiped out today.
Earlier in the day CNBC reported that a loss under 500 points would be a "good sign", greater than 500 points a "bad sign". You do the math.
Deutsche Bank gives 10 reasons we are just beginning
Records were smashed today in the U.S.:
1. Largest flash crash ever
2. Largest two day loss (Friday, Monday - 1118 points)
3. Largest three day loss (Thursday, Friday, Monday - 1476 points)
Overnight, Chinese and Japanese markets crashed a further 8.5% and 4.5% respectively.
MARANATHA!
There it is that number 88 again. 4-4s. 4 blood moons. 4th day of creation - for signs....
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