SPX 500 Plummets - Ends Day in Session Low

in #money8 years ago (edited)

Well today was an eventful day if you were invested in a sector of the economy. A sizable portion of your investment went down the drain.

Here is the S&P 500 by minute to show you how the day started, and how it ended:

sp500-by-minute2d53a.jpg

Here is by hour, and you can see how much more drastic of a change it was:

sp500-by-hour58d38.jpg

This signals another market and economic correction ahead for our way of life, i.e. a crash.

On Monday, there is supposed to be a US Federal Reserve decision about how to deal with the economic situation in the USA. It's speculated it could be "quantitative easing", to reducing interest rates and maybe even "helicopter money". Go research these terms if you want to understand more about how problematic each is.

There are still derivatives being created like in the 2007/2008 crisis, and there are housing bubbles everywhere. This coming crisis/crash could be worse.

For some people, a day like today is good. If you planned to short the S&P 500, then you make a good profit.

Educate yourself on the estate of our corrupted economy. Try to plan ahead and see what's coming down the line. No one can predict the future exactly, but we can develop a picture of what can possibly happen.

Take care. Peace.

Sort:  

Step 1 make profit shorting the S&P 500
Step 2 make profit writing Steemit post with charts of step 1
Step 3 Enjoy your weekend with a smile

LOL... yup! Although it could better if I didn't lose 1 BTC in a really bad alt-coin purchase yesterday, and instead put it into the short. Live and learn. Peace.

Thank you for sharing this material, I like what you posted. Thank you so much

You're welcome. It's a marker for a game changer in the "game" the system has us living...

Short this shit back down to earth.
How needs stocks?
Cryptos rulez!

Whoa. So even with the price of Steem plummeting as well, as a believer in the years-long picture this still makes it a good tme to put money (even casino money, I know) into Steem, wouldn't you agree? Silver, Gold and Crypto are even better bets when the dollar and market are doing poorly, at least I believe that's the guideline.

Yes, Gold and Silver #1 for me, I did months ago. I only got into crypto with BTC 1 month ago through Steemit, my second day on. I only got into alt-coins last week or so.

Take the digital bank money and turn it into something else physical first, then crypto. Always make sure you have cash. Peace.

My sentiments exactly

Many thanks, that is the path I'm on. I've been holding some silver, and I drained my (meager) savings account months ago - won't say it's under my mattress, but I decided cash was safer than in the bank these days, and even said that I'd done so on my podcast. Hope it helped others, as your article is likely doing today.

Meanwhile, Bitcoin is on the up and up

bitcoinseptember2016burstaa654.png

Long live crypto!

Yes it is. I buy some every morning.. slowly.. because all the sellers limits how much I can buy! Bastards! lol

Great article!