Fear has gripped Wall Street as worries over the global economy caused the Dow to loose 3.1% of it’s value by plunging 531 points in one day. Stocks have had a bad week too as they have lost 10% of their value, more than a thousand points to finish the week.
This is the second week in a row the Dow as seen a losing Friday. The S&P 500 dropped 64.84 points, or 3.2%, to close at 1970.89. The Nasdaq Composite fell 3.5%, or 171.45 points, to 4706.04. The S&P 500 dropped 64.84 points, or 3.2%, to close at 1970.89. The Nasdaq Composite fell 3.5%, or 171.45 points, to 4706.04.
The last time the stock market lost this much value by a 1,000 points was October of 2008, that was the end of the last Shemitah on God’s calendar. The end of the Shemitah for this season falls on September 12, 2015.
It is my opinion that this is the first shaking of the US and World economy. Oil has dropped under $40 a barrel today and the slowing of the Chinese economy is making it worse while the Middle East and the US are increasing supply. The International Energy Agency said that production would outpace consumption 850,000 barrels a day next year and Iran may be joining suppliers very soon.
The dollar is becoming weaker against the Euro, having lost more than 1% of it’s value today alone. These are all signs of an unstable world economy and the United States is taking the lead.
These events should not be taken as doom and gloom, the sky is falling mindset. If we understand that a storm is coming we can prepare by making sure our houses are in order. Look at your investments, do you have an emergency supply for a disaster? Is your spiritual house in order?
When a strong man, fully armed, guards his own palace, his goods are safe -Luke 11:21