Revelation 6:5,6 NCV When the Lamb opened the third seal, I heard the third living creature say, "Come!" I looked, and there before me was a black horse, and its rider held a pair of scales in his hand. Then I heard something that sounded like a voice coming from the middle of the four living creatures. The voice said, "A quart of wheat for a day's pay, and three quarts of barley for a day's pay, and do not damage the olive oil and wine!"
U.S. stock markets are attempting to rally after a massive 1,100 point plunge at the opening of today’s market attributed to the crashing of the Chinese stock market.
After opening to the biggest one day loss in the history of the economy, investors are starting to buy back in an attempt to save the market. As of noon central time, the Dow has rallied back to 16,325.00, a drop of 134.55 points, or a 0.81% decline.
The massive drop at the opening was attributed to the sell-off in China that has crashed their stock market. The Shanghai Composite Index fell 8.5 percent, the worst one day fall since October 2007.
The drop was so significant that the official Chinese news agency used the term “Black Monday.”
The drop in China is causing significant amounts of civil disorder. Millionaires who flew into Shanghai over the weekend for meetings were attacked by crowds as they tried to leave their hotel. The head of an exchange that trades in metals was captured by angry investors and brought to police as they demanded their money be unfrozen. Police later released him without charge.
“China is definitely the No. 1 cause for concern globally and Europe is not far behind,” Peter Kenny, chief market strategist at Clearpool Group, told fox Business. “The speed at which this market has moved sharply lower is an indication panic is driving all investment decisions. If you haven’t positioned yourself for volatility and seasonal weakness, you’re behind the 8 ball.”
The selloff in America was driven in the tech sector. Facebook fell 7% at the opening, Twitter, NetFlix and clean car maker Tesla Motors all tumbled at the start. Many are rallying through the day.
thanks for the idea of the blessing bags. my granddaughters and I did 10 today. they will bring them to their church where there is a street ministry. we all got right into it. like I said yesterday, today is Ellee’s birthday. So, to give something to someone who has nothing well, it really is a blessing both ways. great idea and we will do them again in a few weeks. sincerely, laura steller