December 11, 2017

Stock Market Down Almost 1,000 Points At One Point Today | Repeat of October 2008 Drop Coming?

stock_market_down2So if you are into the stock market or business at all you better be pay pretty close attention to what is happening.

The Greek Financial Crisis sent the markets into a tailspin and at one point in the session the Dow was down almost 1,000 points. I predict a drop much like 2008. If you look at the indicators they are all there.

Wall street Journal Says

Stocks plummeted in a flashback to the panicked trading of 2008 as investors registered deep fears about the European debt crisis. Selling accelerated late in the day due to a wave of automated sell orders that turned an ugly drop into full-blown market washout.

At its afternoon low the Dow Jones Industrial Average was down almost 1,000 points, hurt by sharp drops in Procter & Gamble, 3M and other companies that traders said were subject to heavy selling by so-called black boxes, or automated trading systems.

If we look at the path that our country is currently headed down what is happening in Greece may not be too far off for us Americans. Pretty frightening if you ask me.

So What Can I Do To Stay Ahead?

Myself as a serial entrepreneur always looking for ways to capitalize. I am planning all my short and put options strategies right now for the plummeting market to come. If you have no idea what that is I suggest you get educated in financial’s. A great place to do that would be Investools Online I use it and love it! The fact is in down markets and economies you hear a lot of complaining and bad news. Take this time to stop whining and being dependent on the powers that be and go learn something new.

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Until Next time Here is to your success! Jason Wheeler 925-285-2172

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About Jason Wheeler - Real Estate & Lending

Jason Wheeler has been a top producing consultant in real estate and finance since 2003. Originating, conventional, government, portfolio and hard money loans throughout California for one of the top mortgage companies in the nation. Jason works directly with homeowners and purchases homes throughout the Bay Area with the purpose of adding value to older outdated homes. IF YOU LIKE OUR CONTENT GO VIP HERE

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