The Phaserl


This 2 Day Stock Market Crash Was Larger Than Any 1 Day Stock Market Crash In U.S. History

by Michael Snyder, The Economic Collapse Blog:

We witnessed something truly historic happen on Friday.  The Dow Jones Industrial Average plummeted 530 points, and that followed a 358 point crash on Thursday.  When you add those two days together, the total two day stock market crash that we just witnessed comes to a grand total of 888 points, which is larger than any one day stock market crash in U.S. history.  It is also interesting to note that this 888 point crash comes in the 8th month of our calendar.  Perhaps that is just a coincidence, and perhaps it is not.  It just struck me as being noteworthy.  This is the first time that the Dow has dropped by more than 300 points on two consecutive days since November 2008, and we all remember what was happening back then.  Overall, this was the worst week for the Dow in four years, and there have only been five other months throughout history when the Dow has fallen by more than a thousand points (the most recent being October 2008).  Of course we still have six more trading days left in August, so there is plenty of time remaining for even more carnage.

By itself, the 530 point plunge on Friday was the ninth worst stock market crash in all of U.S. history.  The following list of the top eight comes from Wikipedia

#1 2008-09-29 −777.68

#2 2008-10-15 −733.08

#3 2001-09-17 −684.81

#4 2008-12-01 −679.95

#5 2008-10-09 −678.91

#6 2011-08-08 −634.76

#7 2000-04-14 −617.77

#8 1997-10-27 −554.26

Another very interesting thing to note is that the largest stock market crash in U.S. history took place on the very last day of the Shemitah year of 2008, and now we are less than a month away from the end of this current Shemitah year.

It is funny how these strange “coincidences” keep happening.

The financial carnage that we witnessed on Friday was truly global in scope.  On a percentage basis, Chinese stocks crashed even more than U.S. stocks did.  Japanese stocks also crashed, so did stock markets all over Europe, and emerging market currencies all over the planet got absolutely destroyed.

The following is how Zero Hedge summarized what went down…

  • China’s worst week since July – closes at 5 month lows
  • Global Stocks’ worst week since May 2012
  • US Stocks’ worst week in 4 years
  • VIX’s biggest weekly rise ever
  • Crude’s longest losing streak in 29 years
  • Gold’s best week since January
  • 5Y TSY Yield’s biggest absolute drop in 2 years

Even though I specifically warned that this would happen, and have been explaining why it would happen on my website in excruciating detail for months, the truth is that I didn’t expect stocks to start crashing this quickly or this ferociously.

Normally, August is a fairly slow month in the financial world.  As I have discussed previously, most of the really noteworthy stock market crashes throughout history have taken place during the months of September and October.  So I thought that things wouldn’t start getting really crazy for another few weeks at least.

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7 comments to This 2 Day Stock Market Crash Was Larger Than Any 1 Day Stock Market Crash In U.S. History

  • knowtoomuch

    777 stands for human fullness in the christian theology

    888 ” ” God’s ” ” ” ” ”

    So this is probably done on purposeI guess.

  • Dante

    For whatever it’s worth, the info below is what Wikipedia has to say about 888. But there’s plenty more information on the web that gets into this further, specifically it’s relationship to Jesus. But I also believe it’s very conceivable that the Dow point drop on both Thursday and Friday was purposely manipulated so that it would add up to 888. Maybe they are preparing us for the manmade Shemitah after all.

    Symbology and numerology:

    In Christian numerology, the number 888 represents Jesus, or sometimes more specifically Christ the Redeemer. This representation may be justified either through gematria, by counting the letter values of the Greek transliteration of Jesus’ name, or as an opposing value to 666, the number of the beast.

    In Chinese numerology, 888 has a different meaning, triple fortune, a strengthening of the meaning of the digit 8. For this reason, addresses and phone numbers containing the digit sequence 888 are considered particularly lucky, and may command a premium because of it.

  • jonny

    Im glad this is happening, and I HOPE by the end of September, the DOW has lost more than half of this value… Ive been waiting for this crash for a looooong time, and quite frankly, I am tired of waiting. I just want this crash to happen, so gold and silver will skyrocket, and then I can start living my life.

    Doom on!!

  • glitter1

    Here is a Holter Quote from several months back,which I believe says it all”

    “No, what we have coming is a collapse of everything we have worked for and everything we have built and saved over our own lifetimes and that of our ancestors. All of our financial markets are connected and none will be spared. Another aspect is ALL foreign markets and their economies are tied together with everyone else’s …you could say “we are the world”! Nothing will be left unaffected. The only thing you need to know and understand is this, gold has always been money and always ultimately seen to be the most liquid safe haven on God’s green Earth. Man has never before in history been involved in a more dangerous and all engulfing mania based on a Ponzi scheme. It matters not when nor how it ends because it will end …badly What matters is how you are positioned when it does!”

  • Tj.Paz

    Wat een onzin allemaal om getallen te vergelijken met God en Jezus en de duivel. Dit zijn allemaal hersenspinsel. Namelijk, Jezus ging niet voor geld zoals de duivel het probeerde om Jezus alles aan te bieden. God bemoeid zich niet met geld omdat deze geest alle macht heeft dus waarom deze vergelijking.Het is de mens die dat doet en zich beroerd om nutteloze macht en rijkdom. Eenmaal in het Goddelijke huis en de aanschouwing van de macht der liefde zal men zich beseffen van de eeuwigheid.

    • Dante

      Google translation of above comment:

      What nonsense it all to compare numbers with God and Jesus and the devil. These are all chimera. Namely, Jesus did not go for money as the devil tried to offer Jesus all. God interfered not with money because this spirit has all the power so why vergelijking.Het this is man who does that and are afraid to idle power and wealth. Once in the house and the divine vision of the power of love one will realize of eternity.

  • Hzd

    Also Google 888: Online Casino

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