Markets sink; tech, retail fall; Dow drops 600

Associated Press (ap.org via mail.com); Pat Macpherson, Crystal Q. (eds.), Wisdom Quarterly

Trader Vincent Napolitano, left, works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, November 20, 2018 (AP).

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There goes my easy retirement! (AP)

NEW YORK, USA - Stocks are skidding today (Tuesday, 11-20-18) as weak results from retailers and mounting losses for big technology companies push the market back into the red for the year. 

Energy companies are slumping because of a 7 percent plunge in the price of oil. Crude is on track for its biggest loss in three years. Industrial companies are also dropping as the downward momentum in stocks carries into a second day.

 

Pull out of American stocks, quick! (AP)

The Dow Jones Industrial Average has lost 3.7 percent in the last two days, and the S&P 500 is off 3.4 percent.

The Nasdaq, heavily populated with technology stocks, is off close to 5 percent. As of 3 p.m., the S&P is down nearly 10 percent from the peak it reached in September.

 

Investors are measuring a number of headwinds and increasingly playing it safe. The global economy is showing signs of weakening, with the United States, China, and Europe all facing the rising threat of a slowdown, which can hurt demand for commodities such as oil and pose a threat to company profits.

Trade tensions between the U.S. and China appear to be getting worse instead of improving, contributing to the sell-off in tech stocks and multinational industrial companies.

 

Faced with these challenges, investors have lately turned to safer bets such as... More

Ukraine is Europe's biggest crisis (video)

Amber Larson, Seven, Pfc. Sandoval, Wisdom Quarterly; T.J. Raphael, Takeaway (PRI)

The CIA's fingerprints are all over this strategic geopolitical revolution. 

Copies of The Company's Anarchist Cookbook must have been translated and sent in. Hare are the "best moments" of the Ukrainian Euromaidan Revolution of 2014. These shocking events transpired in the capital of Kiev from Feb. 18-20, 2014. Police and Special Forces (Berkut) move in, and Ukrainian snipers shoot civilians in the head antagonizing the mob. Snipers aim at neck, heads, and hearts. 

Ukraine's devic opposition leader PM deposed

Police beat children, the elderly, women, and innocent bystanders. Activists respond by attacking a detachment of Berkut with molotov cocktails right out of the Cookbook, stones, pieces of asphalt, and any other materials that come to hand. The Euromaidan movement gains size and wins. It is then the Berkut vs. the Ukrainian people battling on Institutska Street, Kyiv.

Military personnel, believed to be Russian, walk outside territory of a Ukrainian military unit in village of Perevalnoye outside Simferopol 3-3-14 (David Mdzinarishvili/Reuters).

Ukraine Maidan protected by protesters (WP)

The confrontation between Russia and Ukraine continued Monday. Ukrainian officials and some journalists say Russia demanded that two Ukrainian naval ships surrender by 5:00 am local time or face an attack. Russian officials denied making any such demands.
 

EuroMaidan, Ukraine (FEM)

What the Kremlin!

US Secretary of State John Kerry is being dispatched to Kiev to reassure the new government of US support. He told ABC's George Stephanopoulos Monday that “all options are on the table” when it comes to steps the US can take to hold Russia accountable for its military movements in Ukraine. Russia's moves in Crimea have challenged Pres. Barack Obama in a way that no other international crisis has so far. More

This is how Russia's intervention in Ukraine is playing in Moscow

• What can the US do about Russia's occupation of Crimea?
• VIDEO: Russian Navy on the move to the Ukraine
• Shocking knife attack in China compared to 9/11

Biggest Stock Market Drop in History

Nagas (Reptilians) vie with Asuras (Titans) for financial dominance (Image: Asian bill)

Stock Market down 777 points

WQ editorial

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It seems foreign leaders were right that Financial Armageddon is upon the U.S. economy. Congress has rejected an across the board bailout, and Wall Street suffered its biggest setback to date. The Mortgage Crisis is touching everyone that to the extreme greed (lobha) of a few and the general greed of the many. President Bush inherited a budget surplus and not only squandered it, using war and civil rights abuses as his banner, he ran up the nation's debt to its highest point ever. Now trillions of dollars in debt (money which needs to be serviced, i.e., interest paid on it to billionaires and foreign nations and transnational banking concerns).

Washington Mutual has gone in the wake of Fannie Mae and Freddie Mac (preceded by IndyMac) -- for a total of 11 major institutions failing. And today along with the DOW, which lost a record 777 points, Wachovia Bank has also failed. Subprime loan defaults are not at the root of all problems. Greed is. But the entire financial system, and perhaps the corporate capitalist mentality behind it (although it's verbotten to say so), is ultimately at fault.

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The nations of the world look on, seeing their own stock exchanges plunge. And at least one, Iran, has spoken truth to power. Because we as a nation hate Iran (and the Middle East in general), Americans have dismissed the warnings. But the American public is speaking up to representatives NOT to approve any kind of socialist-bailout. If we're capitalists, then the market must save itself through market principles or be allowed to fail.

Meanwhile, the nation remains in the morass of illegal wars (under the Bush Doctrine of preemptive attacks on non-aggressors artfully using revenge for 9/11 and Weapons of Mass Destruction as the pretext). And on the home front, civil rights and personal liberties are flying out of the window in the name of "homeland security."

Whether a new Depression is upon the nation or if "1984" is being ushered in under the guise of financial collapse and endless war, the Zeitgeist is worrisome and in need of a deep explanation. Watch Zeitgeist the Movie (http://www.zeitgeistmovie.com/), which explains high finance and religious complicity (including popular Buddhism used by nation states to promote very non-Buddhist ideas) in the impending problem.

Or click: Zeitgeist the Movie: final edit (2008)

• Cheerful daily 20 min. roundup of financial news: Marketplace (American Public Radio)