USA - Stocks fell sharply on Thursday in a second straight scary day on Wall Street as investors dumped equities around the globe because of fears of rapidly rising interest rates, a possible global economic slowdown and overly ambitious tech valuations. The Dow fell as much as 698.97 points at its lows of the day, after dropping 831 points on Wednesday. Investors fled riskier assets like stocks and loaded up on traditional safe havens like bonds and gold. October, a month known for major market sell-offs in the past, has been a brutal month for investors so far. The S&P 500 has lost 6 percent during the month so far and is now higher by just 2 percent for 2018.
This could develop into something serious - and suddenly!
It’s all down to the confidence of the investors. Some analysts are predicting a financial crash, with the Dow dropping by as much as 50% in value, while others are down-playing the situation. What we are witnessing may be the beginning of total chaos in the financial markets.
As Mr Armstrong warned, a major financial breakdown could set end time events in motion.
This is a situation to watch – prayerfully!
“Just what is an APOSTLE?”
Today we find the Church of God in a “wilderness of religious confusion!”
The confusion is not merely around the Church – within the religions of the world outside – but WITHIN the very heart of The True Church itself!
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