{"id":30589,"date":"2018-02-06T10:05:52","date_gmt":"2018-02-06T15:05:52","guid":{"rendered":"http:\/\/olduvai.ca\/?p=30589"},"modified":"2018-02-06T10:05:52","modified_gmt":"2018-02-06T15:05:52","slug":"1175-points-we-just-witnessed-the-largest-one-day-stock-market-crash-ever","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=30589","title":{"rendered":"-1,175 Points! We Just Witnessed The Largest One Day Stock Market Crash Ever"},"content":{"rendered":"
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-1,175 Points! We Just Witnessed The Largest One Day Stock Market Crash Ever<\/a><\/h3>\n<\/div>\n
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\"\"<\/a>The mainstream media seems so surprised that the stock market is crashing, but the truth is that it isn\u2019t a surprise at all.\u00a0 In fact, this crash is way, way overdue.\u00a0 If the Dow Jones industrial average fell another 10,000 points, stock prices would still be overvalued.\u00a0 I have been warning<\/a> and warning<\/a> and warning<\/a> that this would happen, because stock valuations always<\/strong> return to their long-term averages eventually.\u00a0 On Monday, the Dow was down a staggering 1,175 points, which was the largest single day decline that we have ever seen by a very wide margin.\u00a0 In fact, it shattered the old record by nearly 400 points.<\/p>\n

Shortly after 3 PM, all hell broke loose on Wall Street.\u00a0 The Dow dropped by more than 800 points in just 10 minutes.\u00a0 At one point on Monday, the Dow was down nearly 1,600 points, but a brief rally cut those losses roughly in half.\u00a0 However, the rally did not last long and stock prices collapsed hard as the market closed.\u00a0 At this moment, the Dow is already down more than 2,200 points from the peak of the market, and we are not too far from officially entering \u201ccorrection\u201d territory.<\/p>\n

Once stocks start falling, it can trigger a massive rush for the exits, and that is what happened on Monday.\u00a0 In particular, investors started to panic once the Dow broke through the 50-day moving average<\/a>\u2026<\/p>\n

\u201cAs soon as we broke the 50-day moving average \u2026 we saw volatility spike,\u201d<\/strong> said Jeff Kilburg, CEO of KKM Financial. \u201cIt\u2019s just been downhill from there.\u201d<\/p><\/blockquote>\n

Other waves of selling were triggered once the 25,000 and 24,000 barriers on the Dow were breached.\u00a0 In order to protect against losing too much money, many investors have stop losses set at psychologically-important levels.\u00a0 The following comes from MarketWatch<\/a>\u2026<\/p>\n

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

-1,175 Points! We Just Witnessed The Largest One Day Stock Market Crash Ever The mainstream media seems so surprised that the stock market is crashing, but the truth is that it isn\u2019t a surprise at all.\u00a0 In fact, this crash is way, way overdue.\u00a0 If the Dow Jones industrial average fell another 10,000 points, stock […]<\/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":[14994,88,16048,16049,122,7551,6069,302,6061,8989,312,16877,18384,7070,1529,4190,6065,4901,12750,6066,8443,14656,2731,16878,18385,5221,753,16051,7554,14099,860],"class_list":["post-30589","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-financial-crisis-of-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-market-crash-of-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\/30589","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=30589"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/30589\/revisions"}],"predecessor-version":[{"id":30590,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/30589\/revisions\/30590"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}