By Tony Treece
The stock market dropped 358 points on Thursday and as of this writing on Friday morning it’s dropped 227 points. The spiral down has started. Are you still hanging on? Are you really that greedy? If you’re a gambler, quit reading now.
We are in the business of helping people who have worked too hard to lose their money, or we help people who understand that being a wise steward of what has been entrusted to them is just the right thing to do.
We are gaining tremendous traction with our message of preparation, and some of our readers may be new to this newsletter. Let me say to them, we believe the stock market is set up to make losers out of each of us. It’s the nature of the beast, and this goes for any product that is linked to the stock market like “variable” products.
Yesterday’s market performance was stunning, because it was the largest single day point decline in a year and a half. At this point the stock market is down over 1300 points from the peak. We’ve been presenting what others are saying in our seminars, and I’m sure there will be others jumping on the bandwagon as the market continues to decline.
Gerald Celente, an American trend forecaster, publisher of the Trends Journal, recently stated, “The global economy has collapsed,” and he is predicting that we are going to see a global stock market crash before the end of the year.
“The Dow and S&P 500 are negative for the year. The so-called “FANG” stocks – Facebook, Apple, Netflix, and Google – were some of the biggest losers, and helped send the NASDAQ more than 2% lower.”
Think your bank and credit union are safe? Thank again! Watch this: https://www.youtube.com/watch?v=8BUSb3RI_EQ&feature=youtu.be
China’s continued stock market decline and currency reevaluation have sped up the global economic collapse. I believe the U.S. stock market will continue to fall, culminating in at least a ten thousand-point drop. The house of cards is crumbling and yet people are still playing the stock market game. When will you wake up?
Scripture of the week: Proverbs 22:3, "A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.