{"id":39778,"date":"2018-10-27T10:40:10","date_gmt":"2018-10-27T15:40:10","guid":{"rendered":"http:\/\/olduvai.ca\/?p=39778"},"modified":"2018-10-27T10:40:10","modified_gmt":"2018-10-27T15:40:10","slug":"stock-market-plunges-again-global-stocks-down-5-weeks-in-a-row-8-trillion-dollars-in-wealth-wiped-out","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=39778","title":{"rendered":"Stock Market Plunges Again \u2013 Global Stocks Down 5 Weeks In A Row \u2013 8 Trillion Dollars In Wealth Wiped Out"},"content":{"rendered":"
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Stock Market Plunges Again \u2013 Global Stocks Down 5 Weeks In A Row \u2013 8 Trillion Dollars In Wealth Wiped Out<\/a><\/h3>\n<\/header>\n
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\"\"<\/a>It\u2019s not over.\u00a0 The worst October stock market crash since 2008 got even worse on Friday.\u00a0 The Dow was down another 296 points, the S&P 500 briefly dipped into correction territory, and it was another bloodbath for tech stocks.\u00a0 On Wednesday<\/a>, I warned that there would be a bounce, and we saw that happen on Thursday.\u00a0 But the bounce didn\u2019t extend into Friday.\u00a0 Instead, we witnessed another wave of panic selling, and that has many investors extremely concerned about what will happen next week.\u00a0 Overall, global stocks have now fallen for five weeks in a row<\/a>, and during that time more than 8 trillion dollars in global wealth has been wiped out<\/strong>.\u00a0 That is the fastest plunge in global stock market wealth since the collapse of Lehman Brothers, and it is yet another confirmation that a major turning point has arrived.<\/p>\n

The wild swings up and down that we witnessed this week are very reminiscent of what we saw in 2008.<\/p>\n

Markets just don\u2019t go down in a straight line.\u00a0 In fact, some of the best days in all of Wall Street history happened right in the middle of the last financial crisis.<\/p>\n

When markets are very volatile, the overall trend tends to be down.\u00a0 So what investors should be hoping for are extremely boring days on Wall Street when not much happens.\u00a0 That has been the usual state of affairs for much of the past decade, but now volatility has returned with a vengeance.\u00a0 The following is how CNBC<\/a> summarized the carnage that we witnessed on Friday\u2026<\/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 Plunges Again \u2013 Global Stocks Down 5 Weeks In A Row \u2013 8 Trillion Dollars In Wealth Wiped Out It\u2019s not over.\u00a0 The worst October stock market crash since 2008 got even worse on Friday.\u00a0 The Dow was down another 296 points, the S&P 500 briefly dipped into correction territory, and it was […]<\/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":[195,4106,6061,6125,1849,7196,21316,4754,21317,15959,21781,21318,6065,480,488,4427,506,4901,536,9627,21918,6066,1615,6585,1138,4562,3783,21919,2731,16878,21920,5221,753,21921,7452,6540,21319],"class_list":["post-39778","post","type-post","status-publish","format-standard","hentry","category-economics","tag-debt","tag-debt-crisis","tag-financial","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-into-debt","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-spending","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-economic-collapse-blog","tag-u-s-stocks","tag-what-is-coming"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/39778","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=39778"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/39778\/revisions"}],"predecessor-version":[{"id":39779,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/39778\/revisions\/39779"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}