{"id":39065,"date":"2018-10-12T10:07:45","date_gmt":"2018-10-12T15:07:45","guid":{"rendered":"http:\/\/olduvai.ca\/?p=39065"},"modified":"2018-10-12T10:07:45","modified_gmt":"2018-10-12T15:07:45","slug":"we-witnessed-the-3rd-largest-point-crash-in-stock-market-history-on-the-same-day-that-the-3rd-most-powerful-hurricane-to-ever-hit-the-u-s-made-landfall","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=39065","title":{"rendered":"We Witnessed The 3rd Largest Point Crash In Stock Market History On The Same Day That The 3rd Most Powerful Hurricane To Ever Hit The U.S. Made Landfall"},"content":{"rendered":"
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We Witnessed The 3rd Largest Point Crash In Stock Market History On The Same Day That The 3rd Most Powerful Hurricane To Ever Hit The U.S. Made Landfall<\/a><\/h3>\n<\/header>\n
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\"\"<\/a>If you don\u2019t believe in \u201ccoincidences\u201d, what are we supposed to make of this?\u00a0 On Wednesday, the 3rd most powerful hurricane to ever hit the United States made landfall in the Florida panhandle<\/a>.\u00a0 Entire communities were absolutely shredded as Hurricane Michael came ashore with sustained winds of 155 miles per hour.\u00a0 You can find the entire article that I just posted about this massive storm right here<\/a>.\u00a0 In this article, I am going to focus on what just happened on Wall Street.\u00a0 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.\u00a0 The Dow Jones Industrial Average was down 831 points, which was the 3rd largest single day point crash in stock market history.\u00a0 Of course it isn\u2019t as if we hadn\u2019t been repeatedly warned<\/a>that this was coming, and the truth is that it looks like this is only the start of the financial shaking.<\/p>\n

In fact, international financial markets are in a state of chaos as I write this article.\u00a0 Asian markets are a sea of red<\/a>, and at this moment Dow futures are way down<\/a>.<\/p>\n

So it appears likely that Wednesday\u2019s nightmare may extend into Thursday as well.<\/p>\n

But before we look ahead too much, let\u2019s talk about the utter carnage that we just witnessed.<\/p>\n

According to Bloomberg<\/a>, the 500 wealthiest people in the world lost 99 billion dollars<\/strong> on Wednesday\u2026<\/p>\n

Plunging global markets lopped $99 billion from the fortunes of the world\u2019s 500 wealthiest people on Wednesday, the year\u2019s second-steepest one-day drop for the Bloomberg Billionaires Index.<\/p><\/blockquote>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

We Witnessed The 3rd Largest Point Crash In Stock Market History On The Same Day That The 3rd Most Powerful Hurricane To Ever Hit The U.S. Made Landfall If you don\u2019t believe in \u201ccoincidences\u201d, what are we supposed to make of this?\u00a0 On Wednesday, the 3rd most powerful hurricane to ever hit the United States […]<\/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":[2,4],"tags":[16047,244,262,3920,20910,20434,430,20435,431,20911,4901,8818,4869,21918,22270,20436,20437,692,1138,20438,4562,2731,16878,22271,20439,5221,11153,7452,12026,8791,20440],"class_list":["post-39065","post","type-post","status-publish","format-standard","hentry","category-economics","category-environment","tag-a-stock-market-crash-is-coming","tag-economics-2","tag-end-the-fed","tag-financial-bubble","tag-higher-interest-rates","tag-how-do-rising-interest-rates-affect-the-economy","tag-interest-rate","tag-interest-rate-hikes","tag-interest-rates","tag-lower-interest-rates","tag-michael-snyder","tag-mortgage","tag-mortgage-rates","tag-october-2018","tag-october-stock-market-crash","tag-recession-2018","tag-rising-interest-rates","tag-ron-paul","tag-stock-market","tag-stock-market-2018","tag-stock-market-bubble","tag-stock-market-crash","tag-stock-market-crash-2018","tag-stock-market-crash-october-2018","tag-stock-market-decline","tag-stock-prices","tag-the-dow-jones-industrial-average","tag-the-economic-collapse-blog","tag-the-federal-reserve","tag-the-u-s-economy","tag-why-is-the-federal-reserve-hiking-interest-rates"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/39065","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=39065"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/39065\/revisions"}],"predecessor-version":[{"id":39066,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/39065\/revisions\/39066"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}