24 August 2015
The correction from Friday 21 Aug. 2015 extended today making it Black Monday
Dow Jones continue to plummets with -589 Mon. 08-24-15
Dow Jones 15,871.35 -588.40 (-3.57%)
S&P 500 1,893.21 -77.68 (-3.94%)
Nasdaq 4,526.25 -179.79 (-3.82%)
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Dow Jones DROPS -531 Fri. 08-21-15
Fri, Aug 21, 2015, 4:59pm EDT
Stock market plummets more than 530 points, its worst one-day drop since 2008
Dow Jones 16,459.75 -530.94 (-3.12%)
S&P 500 1,970.89 -64.84 (-3.19%)
Nasdaq 4,706.04 -171.45 (-3.52%)
Dow drops 358 points after China fears spur global sell-off
Dow Jones DROPS -358 Thu. 08-20-15
Dow Jones 16,990.69 -358.04 (-2.06%)
S&P 500 2,035.73 -43.88 (-2.11%)
Nasdaq 4,877.49 -141.56 (-2.82%)
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Monday 24 Aug. 2015 – It turned out to be a Black Monday around the world with an estimated $5 Trillion lost in the stock market correction.
Even on Black Friday 21 Aug. 2015 the sell-off was already the worst since 2011, my mark-to-market year.
Exactly three years ago on 24 Aug. 2012 I posted “Zero Sum Game of Global Finance” 7th Edition, including an excerpt from: US: on the Financial Crisis and Bailout (Bienvenido Macario, Philippines) Posted September 25, 2008 :
“Final comment: “If the overseas aspect of this financial crisis is not contained by reforming, replacing or rivaling the World Bank, IMF and the UN, WE’D BE LUCKY TO ENJOY THREE (3) YEARS OF RECOVERY FROM THIS (2008) CRISIS BEFORE WE ARE PLUNGED TO A DEEPER AND MORE DESPERATE DOWNTURN.
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Three years later . . . . (from 2008). The European Sovereign Debt crisis that started in GREECE, raised fears that a contagion would spill over to Spain and Italy. The U.S. economy’s slow growth and fear that it’s credit rating would be downgraded further spooked the market. In the meantime, France’s ability to hold onto its AAA rating was also a concern. (HELLo – Mr. Tsipras. You should have resigned on the day you were first denied the 3rd BAILOUT you promised in Jan. 2015).
By Aug. 8, 2011 in the U.S., Dow Jones lost 634.76 points (5.6%) to 10,809.56 points; the NASDAQ Composite falling 174.72 points (6.9%) to 2,357.69 points while the S&P 500 lost 79.92 points (6.7%) to 1,119.46 points with all 500 stocks and ten industry groups falling
The UK, Germany and France didn’t feel the full effects of the EU’s Sovereign Debt Contagion until 18 Aug. 2011. The UK’s FTSE’s fell 4.5%; Germany’s DAX dropped by 5.8% while France’s CAC plummeted by 5.5%
Please remember 2012 was a presidential election. We are in fact back to Aug. 2011.
Face Book post on August 24, 2012 at 1:57am •
This could very well be the continuation of my paper “Zero Sum Game of Global Finance” 7th Edition.
In my second FB posting I shall provide the three WAIS posts with reference to the “Zero Sum Game of Global Finance” using another story on the Pew Survey:
Excerpt: “If this crisis happened between elections, it would have been crystal-clear to our leaders in Congress, the government, the private sector, investors, the media and the public that it was the collective fault of the World Bank, IMF and the UN that brought the crisis deep into this level.
Even as recently as Dec. 14, 2007, the World Bank continued to seek funds for debt forgiveness and in fact secured $16.5 billion~ in cash for the purpose. The California State budget deficit did not add up to $16 billion+* until Feb. 20, 2008.
Note: As of June 2012 Forbes 40 Richest Filipinos Total Net worth is $47.43 billion
From: US: on the Financial Crisis and Bailout (Bienvenido Macario, Philippines) Posted September25, 2008
http://waisworld.org/go.jsp?id=02a&objectType=post&o=24935&objectTypeId=19185&topicId=1
From exactly three years ago I posted the following on my Face Book 
