If you don’t believe in “coincidences”, what are we supposed to make of this? On Wednesday, the 3rd most powerful hurricane to ever hit the United States made landfall in the Florida panhandle. Entire communities were absolutely shredded as Hurricane Michael came ashore with sustained winds of 155 miles per hour. You can find the entire article that I just posted about this massive storm right here. In this article, I am going to focus on what just happened on Wall Street. At the exact same time that Hurricane Michael was causing chaos in the Southeast, an October stock market crash was causing havoc in the Northeast. The Dow Jones Industrial Average was down 831 points, which was the 3rd largest single day point crash in stock market history. Of course it isn’t as if we hadn’t been repeatedly warnedthat this was coming, and the truth is that it looks like this is only the start of the financial shaking.
In fact, international financial markets are in a state of chaos as I write this article. Asian markets are a sea of red, and at this moment Dow futures are way down.
So it appears likely that Wednesday’s nightmare may extend into Thursday as well.
But before we look ahead too much, let’s talk about the utter carnage that we just witnessed.
According to Bloomberg, the 500 wealthiest people in the world lost 99 billion dollars on Wednesday…
Plunging global markets lopped $99 billion from the fortunes of the world’s 500 wealthiest people on Wednesday, the year’s second-steepest one-day drop for the Bloomberg Billionaires Index.
…click on the above link to read the rest of the article…
