{"id":39673,"date":"2018-10-25T07:06:42","date_gmt":"2018-10-25T12:06:42","guid":{"rendered":"http:\/\/olduvai.ca\/?p=39673"},"modified":"2018-10-25T07:06:42","modified_gmt":"2018-10-25T12:06:42","slug":"stock-market-crash-the-dow-has-now-plunged-2368-points-from-the-peak-of-the-market","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=39673","title":{"rendered":"Stock Market Crash! The Dow Has Now Plunged 2,368 Points From The Peak Of The Market"},"content":{"rendered":"
\n

Stock Market Crash! The Dow Has Now Plunged 2,368 Points From The Peak Of The Market<\/a><\/h3>\n<\/header>\n
\n

\"\"<\/a>The level of panic that we witnessed on Wall Street on Wednesday was breathtaking.\u00a0 After a promising start to the day, the Dow Jones Industrial Average started plunging, and at the close it was down another 608 points.\u00a0 Since peaking at 26,951.81 on October 3rd, the Dow has now fallen 2,368 points, and all of the gains for 2018 have been completely wiped out.\u00a0 But things are even worse when we look at the Nasdaq.\u00a0 The percentage decline for the Nasdaq almost doubled the Dow\u2019s stunning plunge on Wednesday, and it has now officially entered correction territory.\u00a0 To say that it was a \u201cbloodbath\u201d for tech stocks on Wednesday would be a major understatement.\u00a0 Several big name tech stocks were in free fall mode as panic swept through the marketplace like wildfire.\u00a0 As I noted the other day, October 2018 looks a whole lot like October 2008<\/a>, and many believe that the worst is yet to come.<\/p>\n

But in the short-term we should see some sort of bounce once the current wave of panic selling is exhausted.\u00a0 During every major stock market crash in our history there have been days when the stock market has absolutely soared, and this crash will not be any exception.<\/p>\n

If we do see a bounce on either Thursday or Friday, please don\u2019t assume that the crash is over.\u00a0 Most key technical levels have already been breached, and even a small piece of bad news can send stocks plunging once again.<\/p>\n

On Wednesday there really wasn\u2019t anything too unusual that happened, but stocks cratered anyway.\u00a0 Here is a summary of the carnage\u2026<\/p>\n

-The Dow Jones Industrial Average plummeted 608 points<\/a> on Wednesday.<\/p>\n

-The Dow is now down 7.1 percent<\/a> for the month of October.<\/p>\n

-The S&P 500 has now fallen for 13 of the last 15 trading days.<\/p>\n

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

Stock Market Crash! The Dow Has Now Plunged 2,368 Points From The Peak Of The Market The level of panic that we witnessed on Wall Street on Wednesday was breathtaking.\u00a0 After a promising start to the day, the Dow Jones Industrial Average started plunging, and at the close it was down another 608 points.\u00a0 Since […]<\/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":[14994,1750,22561,195,4106,3316,6061,312,6125,1849,7196,21316,4754,21317,15959,20435,431,21781,4190,21318,6065,480,488,4427,506,4901,536,9627,21918,6066,6585,1138,4562,3783,21919,2731,16878,21920,5221,753,21921,7554,22422,11153,7452,11960,12026,14892,10522,6540,860,21319],"class_list":["post-39673","post","type-post","status-publish","format-standard","hentry","category-economics","tag-14994","tag-bear-market","tag-bear-market-signals","tag-debt","tag-debt-crisis","tag-disaster","tag-financial","tag-financial-crisis","tag-financial-marketplace","tag-financial-markets","tag-global-debt-crisis","tag-global-financial-marketplace","tag-global-financial-markets","tag-global-panic","tag-going-into-debt","tag-interest-rate-hikes","tag-interest-rates","tag-into-debt","tag-investing","tag-investor-panic","tag-investors","tag-lending","tag-loans","tag-market-volatility","tag-markets","tag-michael-snyder","tag-money","tag-october","tag-october-2018","tag-panic","tag-stock-bubble","tag-stock-market","tag-stock-market-bubble","tag-stock-market-collapse","tag-stock-market-collapse-2018","tag-stock-market-crash","tag-stock-market-crash-2018","tag-stock-market-volatility","tag-stock-prices","tag-stocks","tag-stocks-are-overvalued","tag-the-dow","tag-the-dow-is-crashing","tag-the-dow-jones-industrial-average","tag-the-economic-collapse-blog","tag-the-fed","tag-the-federal-reserve","tag-the-sp-500","tag-trump","tag-u-s-stocks","tag-wall-street","tag-what-is-coming"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/39673","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=39673"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/39673\/revisions"}],"predecessor-version":[{"id":39674,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/39673\/revisions\/39674"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}