{"id":30543,"date":"2018-02-05T09:28:44","date_gmt":"2018-02-05T14:28:44","guid":{"rendered":"http:\/\/olduvai.ca\/?p=30543"},"modified":"2018-02-05T09:28:44","modified_gmt":"2018-02-05T14:28:44","slug":"666-points-we-just-witnessed-the-6th-largest-single-day-stock-market-decline-in-u-s-history","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=30543","title":{"rendered":"-666 Points: We Just Witnessed The 6th Largest Single Day Stock Market Decline In U.S. History\u00a0"},"content":{"rendered":"
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-666 Points: We Just Witnessed The 6th Largest Single Day Stock Market Decline In U.S. History\u00a0<\/span><\/a><\/h3>\n<\/div>\n
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\"\"<\/a>On Friday, the Dow Jones Industrial Average fell 666 points (665.75 points to be precise), and many are pointing out that this was the 6th largest single day crash that we have ever seen.\u00a0 This decline happened on the 33rd day of the year, and it was the worst day for the stock market by far since President Trump entered the White House.\u00a0 I have been repeatedly warning<\/a> that we are way overdue<\/a> for a stock market crash, and many are concerned that we may be on the precipice of another great financial crisis.\u00a0 We shall see what happens on Monday, because that will set the tone for the rest of the week.\u00a0 If we see another huge decline early Monday morning, that could easily set off full-blown panic selling on Wall Street.<\/p>\n

Rising interest rates appear to have been the trigger for the enormous market drop on Friday.\u00a0 The following comes from the New York Post<\/a>\u2026<\/p>\n

\u201cWe all know that many bull markets have ended by the Federal Reserve as they raise the rates to the point of slowing the economy down perhaps too much,\u201d Quincy Krosby, chief market strategist at Prudential Financial, told The Post.<\/p>\n

\u201cIt\u2019s come on quickly and it caught the market off guard,\u201d<\/strong>Krosby said.<\/p>\n

The Dow sell-off brought it below the 26,000 plateau \u2014 to 25,520.96 \u2014 the biggest points drop since Dec. 1, 2008.<\/p><\/blockquote>\n

It is quite rare for the market to drop this much in a single day.\u00a0 The largest single daily decline was a 777 point drop in 2008, and overall the Dow has fallen by more than 600 points less than 10 times throughout history<\/a>\u2026<\/p>\n

The index posted a loss of nearly 666 points, its sixth-worst decline ever on a points basis.<\/strong><\/p>\n

 <\/p><\/blockquote>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

-666 Points: We Just Witnessed The 6th Largest Single Day Stock Market Decline In U.S. History\u00a0 On Friday, the Dow Jones Industrial Average fell 666 points (665.75 points to be precise), and many are pointing out that this was the 6th largest single day crash that we have ever seen.\u00a0 This decline happened on the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[14994,88,16048,16049,122,7551,6069,302,6061,8989,312,16877,7070,1529,4190,6065,4901,12750,6066,8443,14656,2731,16878,5221,753,16051,7554,14099,860],"class_list":["post-30543","post","type-post","status-publish","format-standard","hentry","category-economics","tag-14994","tag-bonds","tag-buy-stocks","tag-buying-stocks","tag-central-bank","tag-dow-jones-industrial-average","tag-economic-collapse-blog","tag-fear","tag-financial","tag-financial-assets","tag-financial-crisis","tag-financial-crisis-2018","tag-global-stock-market-crash","tag-global-stock-markets","tag-investing","tag-investors","tag-michael-snyder","tag-pain","tag-panic","tag-panic-selling","tag-selling","tag-stock-market-crash","tag-stock-market-crash-2018","tag-stock-prices","tag-stocks","tag-stocks-go-up-no-matter-what","tag-the-dow","tag-the-pain","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/30543","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30543"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/30543\/revisions"}],"predecessor-version":[{"id":30544,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/30543\/revisions\/30544"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}