On the brink of a financial crisis: Stocks plunge to lowest level since 2008 crash
The Dow Jones Industrial Average plunged nearly 7 percent on Friday marking the lowest week since the 2008 financial crisis.
The government shutdown coupled with the Federal Reserve’s recent rate hike sent the market into a downward spiral, the worst in 10 years, reports say.
According to CNBC:
The Dow Jones Industrial Average fell 414.23 points to finish at 22,445.37 in turbulent trading that sent the blue-chip index up as much as 300 points earlier in the day, only to trade back in negative territory less than one hour later. The initial rally upward on Friday came as Federal Reserve Bank of New York President John Williams told CNBC that the central bank could reassess its interest rate policy and balance sheet reduction in the new year if the economy slows.
As you may already have figured out, in today’s day and age nothing is guaranteed and more often than not the market is controlled by design. So the question is: What do the designers have in store for the American people over the course of 2019?
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