{"id":40475,"date":"2018-11-13T08:47:31","date_gmt":"2018-11-13T13:47:31","guid":{"rendered":"http:\/\/olduvai.ca\/?p=40475"},"modified":"2018-11-13T08:47:31","modified_gmt":"2018-11-13T13:47:31","slug":"this-wasnt-supposed-to-happen","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=40475","title":{"rendered":"This Wasn\u2019t Supposed To Happen\u2026"},"content":{"rendered":"
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This Wasn\u2019t Supposed To Happen\u2026<\/a><\/h3>\n<\/header>\n
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\"\"<\/a>We have definitely deviated from the script.\u00a0 According to virtually all of the \u201cexperts\u201d, the stock market was not supposed to keep plummeting in November.\u00a0 This was supposed to be the month when the market calmed down and things returned to normal.\u00a0 But instead, November is starting to look a whole lot like October, and many investors are really starting to freak out.\u00a0 U.S. stocks declined for a third day in a row on Monday, and all post-election gains have now been completely wiped out.\u00a0 The Dow Jones Industrial Average lost another 602 points, and all of these large daily losses are really starting to add up.\u00a0 It may still be a bit too early to call this a \u201cmajor financial crisis\u201d, but if stock prices keep plunging like this it won\u2019t be too long before all hell starts breaking loose on Wall Street.<\/p>\n

Goldman Sachs, GE and California utility stocks were some of the biggest losers on Monday, but it was Apple that made the biggest news<\/a>\u2026<\/p>\n

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Investors grew concerned\u00a0after\u00a0Wells Fargo analysts identified Apple as the unnamed customer that optical communications company Lumentum Holdings said was significantly reducing orders. The news sent Apple\u2019s stock down\u00a05\u00a0percent for the day. Lumentum shares plunged almost 33 percent.<\/p>\n

Shares in other major tech stocks fell.\u00a0Advanced Micro Devices gave up 9.51\u00a0percent, while Nvidia fell 7.84\u00a0percent. Micron Technology lost 4.27 percent. Banks and consumer-focused companies,\u00a0and media and communications stocks also took heavy losses.<\/p>\n<\/blockquote>\n

All along, tech stocks had been leading the bull market on the way up, but now things have completely shifted.<\/p>\n

In recent weeks tech stocks have been absolutely cratering, and several of the biggest names are now officially in bear market territory.\u00a0 The following summary comes from Wolf Richter<\/a>\u2026<\/p>\n

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

This Wasn\u2019t Supposed To Happen\u2026 We have definitely deviated from the script.\u00a0 According to virtually all of the \u201cexperts\u201d, the stock market was not supposed to keep plummeting in November.\u00a0 This was supposed to be the month when the market calmed down and things returned to normal.\u00a0 But instead, November is starting to look a […]<\/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":[195,4106,6061,6125,1849,7196,21316,4754,21317,15959,21781,21318,6065,480,488,4427,506,4901,536,22942,9627,6066,20901,1615,6585,1138,4562,3783,21919,2731,16878,21920,5221,753,21921,7452,6540,862,21319],"class_list":["post-40475","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-november-2018","tag-october","tag-panic","tag-perfect-storm","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-war","tag-what-is-coming"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/40475","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=40475"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/40475\/revisions"}],"predecessor-version":[{"id":40476,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/40475\/revisions\/40476"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}