JEWISH KING JESUS IS COMING AT THE RAPTURE FOR US IN THE CLOUDS-DON'T MISS IT FOR THE WORLD.THE BIBLE TAKEN LITERALLY- WHEN THE PLAIN SENSE MAKES GOOD SENSE-SEEK NO OTHER SENSE-LEST YOU END UP IN NONSENSE.GET SAVED NOW- CALL ON JESUS TODAY.THE ONLY SAVIOR OF THE WHOLE EARTH - NO OTHER.
1 COR 15:23-JESUS THE FIRST FRUITS-CHRISTIANS RAPTURED TO JESUS-FIRST FRUITS OF THE SPIRIT-23 But every man in his own order: Christ the firstfruits; afterward they that are Christ’s at his coming.ROMANS 8:23 And not only they, but ourselves also, which have the firstfruits of the Spirit, even we ourselves groan within ourselves, waiting for the adoption, to wit, the redemption of our body.(THE PRE-TRIB RAPTURE)
HOARDING OF GOLD AND SILVER
JAMES 5:1-3
1 Go to now, ye rich men, weep and howl for your miseries that shall come upon you.
2 Your riches are corrupted, and your garments are motheaten.
3 Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.
REVELATION 18:10,17,19
10 Standing afar off for the fear of her torment, saying, Alas, alas that great city Babylon, that mighty city! for in one hour is thy judgment come.(IN 1 HR THE STOCK MARKETS WORLDWIDE WILL CRASH)
17 For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off,
19 And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate.
EZEKIEL 7:19
19 They shall cast their silver in the streets, and their gold shall be removed:(CONFISCATED) their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.
LUKE 2:1-3
1 And it came to pass in those days, that there went out a decree from Caesar Augustus, that all the world should be taxed.
2 (And this taxing was first made when Cyrenius was governor of Syria.)
3 And all went to be taxed, every one into his own city.
REVELATION 13:16-18
16 And he(THE FALSE POPE WHO DEFECTED FROM THE CHRISTIAN FAITH) causeth all,(IN THE WORLD ) both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:(MICROCHIP IMPLANT)
17 And that no man might buy or sell, save he that had the mark,(MICROCHIP IMPLANT) or the name of the beast,(WORLD DICTATORS NAME INGRAVED ON YOUR SKIN OR TATTOOED ON YOU OR IN THE MICROCHIP IMPLANT) or the number of his name.(THE NUMBERS OF HIS NAME INGRAVED IN THE MICROCHIP IMLPLANT)-(ALL THESE WILL TELL THE WORLD DICTATOR THAT YOUR WITH HIM AND AGAINST KING JESUS-GOD)
18 Here is wisdom. Let him that hath understanding count the number of the beast:(WORLD LEADER) for it is the number of a man; and his number is Six hundred threescore and six.(6-6-6) A NUMBER SYSTEM (6006006)OR(60020202006)(SOME KIND OF NUMBER IMPLANTED IN THE MICROCHIP THAT TELLS THE WORLD DICTATOR AND THE NEW WORLD ORDER THAT YOU GIVE YOUR TOTAL ALLIGIENCE TO HIM AND NOT JESUS)(ITS AN ETERNAL DECISION YOU MAKE)(YOU CHOOSE YOUR OWN DESTINY)(YOU TAKE THE DICTATORS NAME OR NUMBER UNDER YOUR SKIN,YOUR DOOMED TO THE LAKE OF FIRE AND TORMENTS FOREVER,NEVER ENDING MEANT ONLY FOR SATAN AND HIS ANGELS,NOT HUMAN BEINGS).OR YOU REFUSE THE MICROCHIP IMPLANT AND GO ON THE SIDE OF KING JESUS AND RULE FOREVER WITH HIM ON EARTH.YOU CHOOSE,ITS YOUR DECISION.
REVELATION 6:5-6
5 And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand.
6 And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.(A DAYS WAGES FOR A LOAF OF BREAD)
DOCTOR DOCTORIAN FROM ANGEL OF GOD
then the angel said, Financial crisis will come to Asia. I will shake the world.
The Shemitah is coming true.Do people not get it? There is a economic crash every 7 years.
1980: Recession
1987: Stock market crash
1994: Bond market crash
2001: 9/11, dot com, recession
2008: Housing crash
2015: See if something will happen-The central banks will be the death of us. Get ready and embrace yourself for the economic collapse.
BANK RELATED INFORMATION
http://israndjer.blogspot.ca/2015/09/bank-related-links.html
CURRENCIES
http://www.bloomberg.com/markets/currencies
COMMODITIES
http://www.bloomberg.com/markets/commodities
UPDATE-SEPTEMBER 29,2015-12:00AM
DOW MARKET TUESDAY-SEPT 29,2015
09:30AM-14.37
10:00AM-33.04
10:30AM-98.32
11:00AM-62.21
11:30AM-28.37
12:00PM-15.61
12:30PM-4.77-
01:00PM-24.83-
01:30PM-28.37
02:00PM-24.32
02:30PM-46.07
03:00PM-26.65-
03:30PM-53.48-
04:00PM-47.24 + 16,049.13
HIGH +116 LOW -56
TSX +32.38 13,036.98 - GOLD -$3.70 $1,128.00 - OIL +$0.78 $45.21
Stocks finish mostly higher as S&P 500 breaks losing streak-Published: Sept 29, 2015 4:10 p.m. ET-market watch-By Wallace-Witkowski-Reporter
U.S. stocks finished mostly higher after a choppy day of trading Tuesday with the S&P 500 Index SPX, +0.12% breaking its five-day losing streak but the Nasdaq Composite Index COMP, -0.59% adding to a sixth day of losses. The Dow Jones Industrial Average DJIA, +0.30% closed up 47.24 points, or 0.3%, at 16,049.13, after trading within a 177-point range. The S&P 500 closed up 2.32 points, or 0.1%, at 1,884.09, after trading within a 28-point range. The Nasdaq closed down 26.65 points, or 0.6%, at 4,517.32, after trading within a 109-point range on the day.
Asian shares see sharp losses amid global sell-off-bbc news-sept 29,15
Asian shares fell sharply as fears over growth prospects and commodity prices continued to drive a global sell-off in equities.In Japan, the Nikkei 225 index closed down 4.05% at 16,930.84.The index hit an eight-month low ahead of the closely-watched Bank of Japan's Tankan quarterly business confidence survey, due on Thursday.Japan's economy has struggled to pick up momentum after shrinking in the second quarter.A weak survey of Chinese industrial profits, released on Monday, also added to investors' concerns about the world's second-largest economy.Investors are looking ahead to manufacturing surveys on Thursday for more information on the extent of the slowdown in China.The Shanghai Composite closed down 2% at 3,038.14.Hong Kong's Hang Seng index closed down 3% at 20,556.60 after being closed on Monday. The benchmark was dragged lower by Glencore shares which finished the day down nearly 30% following a similar drop in London on Monday.-Miners down-Glencore's share price plunge in the UK and in Hong Kong came after a note from broker Investec which said that the firm's equity value could be wiped out if commodity prices remain at current levels.Worries over prospects for the mining sector also sent Australian-listed shares of BHP Billiton down 6.4%, while Rio Tinto closed down 4.6%."Its [Glencore's] rumoured reverse takeover of Rio Tinto at the start of the year is now seen as extreme debt risk considering the state of its balance sheet today - a blessing in disguise that the deal wasn't done," said Evan Lucas, market strategist at trading firm IG in a note.Australia's benchmark S&P/ASX 200 index closed down 3.8% at 4,918.40.Markets in South Korea are closed for public holidays.
Mon, Sep 28, 2015, 5:20 PM EDT - U.S. Markets closed-US stocks end sharply lower; S&P 500 -2.6%-AFP-YAHOONEWS
New York (AFP) - US stocks fell sharply Monday, joining European equities in retreat after poor Chinese industrial data deepened worries about the world's second-biggest economy.The Dow Jones Industrial Average fell 312.78 points (1.92 percent) to 16,001.89.The broad-based S&P 500 lost 49.57 (2.57 percent) at 1,881.77, while the tech-rich Nasdaq Composite Index tumbled 142.53 (3.04 percent) to 4,543.97.The losses put the S&P 500 back in correction territory, defined as a loss of 10 percent or more from its most recent high, in August.Government data showed China's crucial industrial companies saw profits fall 8.8 percent in August from a year ago -- hit by last month's shock yuan devaluation, weak demand and plunging share prices.The weak Chinese data hammered prices of key commodities such as oil and copper, as well as shares of petroleum-linked companies ConocoPhillips (-2.8 percent) and Schlumberger (-4.8 percent) and metals producer Freeport-McMoRan (-9.1 percent).Art Hogan, chief market strategist at Wunderlich Securities, said investors are brooding over two key questions with no imminent resolution: when the Chinese economy will bottom out and when the US Federal Reserve will raise interest rates.Adding to that are other worries, including potential legislation to rein in pharmaceutical prices and the Volkswagen emissions scandal."You have a path of least resistance that is lower until you have some answers to the big questions," Hogan said.While the losses were broad-based, some sectors were especially bruised, including pharmaceuticals.Valeant Pharmaceuticals International slumped 16.5 percent after Democratic lawmakers in Congress called for a subpoena for documents from the Canadian company allegedly related to related to huge drug price increases this year.Bristol-Myers Squibb lost 4.6 percent, Dow member Pfizer dropped 3.4 percent and Gilead Sciences sank 5.3 percent.Homebuilders also lost out after data from the National Association of Realtors showed US pending home sales fell in August. Lennar fell 5.7 percent, PulteGroup 4.7 percent and KB Home 8.0 percent.Many technology stocks suffered drops, including Amazon (-3.7 percent), Facebook (-3.6 percent) and Netflix (-2.7 percent).On the winning side was aluminum giant Alcoa, which jumped 5.7 percent on news it would split into two companies.Also higher was Media General, which vaulted 22.3 percent on news it received an unsolicited buyout offer from Nexstar Broadcasting Group valued at about $4.1 billion. Nexstar dipped 2.3 percent.Bond prices rose. The yield on the 10-year US Treasury fell to 2.10 percent from 2.17 percent Friday, while the 30-year dropped to 2.88 percent from 2.96 percent. Bond prices and yields move inversely.
Loss size says no, but some stock gurus say bear market has arrived-Adam Shell, USA TODAY 4:46 p.m. EDT September 28, 2015-YAHOONEWS
The broad U.S. stock market is down more than 10% since the May peak, which in Wall Street-speak is just a “correction.” But a growing number of investment gurus are saying a bear market has already arrived on Wall Street.After a 2.6% drop Monday to 1881.77, the broad Standard & Poor’s 500 stock index was down 11.7% from its May 21 record close of 2130.82 and on track for its worst quarter since the third-quarter of 2011. The double-digit percentage drop equates to an official correction, defined as a drop of more than 10% from a high. But the current downdraft, at least from a numerical standpoint, is still a far cry from a full-fledged bear market, or a drop of 20% or more from a peak.Indeed, there’s still a vocal, sizable camp on Wall Street that says the recent market turbulence – which has been sparked by a slowdown in China, uncertainty over when the Federal Reserve will hike interest rates, and slowing earnings growth in the U.S. – is just a correction. And not the start of a bigger, "more sinister" downturn.But the drumbeat of market pros that say the market is already in the clutches of the bear – or is heading for a bad ending -- is getting louder.Jim Cramer, the ex-hedge fund manager and host of CNBC’s show “Mad Money,” has been vocal recently on air, saying repeatedly that he doesn’t like the market now, and last week said “we have a first-class bear market going.” Similarly, Gary Kaltbaum, president of Kaltbaum Capital Management, has been sending out notes to clients and this newspaper for weeks, saying the poor price action of the stock market and many hard-hit sectors, such as energy and the recently clobbered biotech sector, has all the earmarks of a bear market. Over the weekend, Kaltbaum said: “We remain in a worldwide bear market for stocks.”Adding to the angst was word Monday that hedge fund titan and billionaire Carl Icahn is set to release a video Tuesday warning investors of danger ahead, due in large part to the coming fallout following years of cheap-money policies from the Fed that has created bubbles in things like art, real estate and high-yielding corporate bonds.While the S&P 500’s drop from its May peak still is far from 20%, many of the index’s 500 stocks are suffering far more pain. An analysis of the performance of the broad market index after Monday's close showed that 253 stocks – or more than half the index – were down more than 20% from their recent highs, putting them firmly in bear-market territory, according to S&P Capital IQ. Nearly 86%, or 430 stocks, in the large-company stock index are down more than 10%. About 25%, or 121 stocks, of the index components were down more than 30%,The discussion about whether an official bear market is coming has picked up in the financial press. In August, roughly 1,400 news stories published by Bloomberg included the term “bear market,” up seven-fold from about 200 mentions back in May at the market’s recent peak, according to BMO Capital Markets.The key question, of course, is whether the current pain in the stock market gets worse, and pushes the S&P 500 into its first bear market since the last one that ended back in March 2009? The truth is no one really knows, but there’s always a chance the market could lose its footing and keep tumbling.But a bear market is not the base case for most of Wall Street.Strategas Research Partners, for example, recently held a market-focused get-together with 17 of its investment-related clients and despite all the red ink recently on Wall Street, “few participants seemed worried that the recent volatility in the market would turn into something more sinister.”Similarly, Brian Belski, chief investment strategist at BMO Capital Markets, thinks the current correction has been long overdue. The pullback, he says, is normal and is nothing more than a correction, adding that the long-term bull market will reignite once the dark clouds clear. Belski notes that markets historically have bounced back after corrections, periods of heightened volatility tend to be short-lived and that sharp spikes in pessimism and fear, like we're seeing now, are a contrarian signal and could signal a price rebound is forthcoming.“Despite the surge in bearish prognostications since the market nosedived during August,” Belski wrote in a report, “everything in our fundamental, quantitative and macro work still suggests that U.S. stocks should finish the year at higher levels, and by no means do recent developments alter our longer-term secular bull market stance.”Thomas Lee, managing partner at Fundstrat Global Advisors, also believes the bull market remains intact. The current “buyers strike” and current “de-risking” on Wall Street, Lee believes, will give way to better conditions for stock investing in coming weeks and months. He says investors are now positioning for a market breakdown, and could need to adjust that bearish posture amid a market upturn. Another potential catalyst for U.S. stocks, Lee says, is the U.S. consumer, which is benefiting from more jobs, better pay and positive dynamics from housing and lower gas prices. Stocks, he adds, also still deliver a fatter dividend yield than the current yield on the 10-year Treasury note, which is yielding 2.10%.Contributing: Matt Krantz, Los Angeles
OTHER STORIES
http://israndjer.blogspot.ca/2015/08/is-america-counting-on-tower-of-babel.html
http://israndjer.blogspot.ca/2015/08/will-there-be-microchip-implant-that.html
IRAN-SAUDI-ARABIA PROPHECY AND WW3
http://israndjer.blogspot.ca/2015/09/jewish-rabbi-predicts-saudi-arabiairan.html
STOCK MARKET NEWS
http://israndjer.blogspot.ca/2015/09/the-dow-was-up-113-points-friday.html
http://israndjer.blogspot.ca/2015/09/dow-was-down-79-points-yesterday3-day.html
http://israndjer.blogspot.ca/2015/09/dow-was-down-51-points-yesterday-no.html
http://israndjer.blogspot.ca/2015/09/dow-was-down-180-points-yesterdayday-2.html
http://israndjer.blogspot.ca/2015/09/dow-was-up-126-points-yesterdaytoday.html
http://israndjer.blogspot.ca/2015/09/dow-was-down-289-points-friday-see-how.html
http://israndjer.blogspot.ca/2015/09/after-fed-says-zero-interest-rate-dow.html
http://israndjer.blogspot.ca/2015/09/dow-was-up-140-points-yesterday.html
http://israndjer.blogspot.ca/2015/09/stocks-in-america-up-228-points.html
http://israndjer.blogspot.ca/2015/09/no-shemitah-day-1-stock-crash-stocks.html
http://israndjer.blogspot.ca/2015/09/the-shemitahs-here-how-will-world.html
HOARDING OF GOLD AND SILVER
JAMES 5:1-3
1 Go to now, ye rich men, weep and howl for your miseries that shall come upon you.
2 Your riches are corrupted, and your garments are motheaten.
3 Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.
REVELATION 18:10,17,19
10 Standing afar off for the fear of her torment, saying, Alas, alas that great city Babylon, that mighty city! for in one hour is thy judgment come.(IN 1 HR THE STOCK MARKETS WORLDWIDE WILL CRASH)
17 For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off,
19 And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate.
EZEKIEL 7:19
19 They shall cast their silver in the streets, and their gold shall be removed:(CONFISCATED) their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.
LUKE 2:1-3
1 And it came to pass in those days, that there went out a decree from Caesar Augustus, that all the world should be taxed.
2 (And this taxing was first made when Cyrenius was governor of Syria.)
3 And all went to be taxed, every one into his own city.
REVELATION 13:16-18
16 And he(THE FALSE POPE WHO DEFECTED FROM THE CHRISTIAN FAITH) causeth all,(IN THE WORLD ) both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:(MICROCHIP IMPLANT)
17 And that no man might buy or sell, save he that had the mark,(MICROCHIP IMPLANT) or the name of the beast,(WORLD DICTATORS NAME INGRAVED ON YOUR SKIN OR TATTOOED ON YOU OR IN THE MICROCHIP IMPLANT) or the number of his name.(THE NUMBERS OF HIS NAME INGRAVED IN THE MICROCHIP IMLPLANT)-(ALL THESE WILL TELL THE WORLD DICTATOR THAT YOUR WITH HIM AND AGAINST KING JESUS-GOD)
18 Here is wisdom. Let him that hath understanding count the number of the beast:(WORLD LEADER) for it is the number of a man; and his number is Six hundred threescore and six.(6-6-6) A NUMBER SYSTEM (6006006)OR(60020202006)(SOME KIND OF NUMBER IMPLANTED IN THE MICROCHIP THAT TELLS THE WORLD DICTATOR AND THE NEW WORLD ORDER THAT YOU GIVE YOUR TOTAL ALLIGIENCE TO HIM AND NOT JESUS)(ITS AN ETERNAL DECISION YOU MAKE)(YOU CHOOSE YOUR OWN DESTINY)(YOU TAKE THE DICTATORS NAME OR NUMBER UNDER YOUR SKIN,YOUR DOOMED TO THE LAKE OF FIRE AND TORMENTS FOREVER,NEVER ENDING MEANT ONLY FOR SATAN AND HIS ANGELS,NOT HUMAN BEINGS).OR YOU REFUSE THE MICROCHIP IMPLANT AND GO ON THE SIDE OF KING JESUS AND RULE FOREVER WITH HIM ON EARTH.YOU CHOOSE,ITS YOUR DECISION.
REVELATION 6:5-6
5 And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand.
6 And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.(A DAYS WAGES FOR A LOAF OF BREAD)
DOCTOR DOCTORIAN FROM ANGEL OF GOD
then the angel said, Financial crisis will come to Asia. I will shake the world.
The Shemitah is coming true.Do people not get it? There is a economic crash every 7 years.
1980: Recession
1987: Stock market crash
1994: Bond market crash
2001: 9/11, dot com, recession
2008: Housing crash
2015: See if something will happen-The central banks will be the death of us. Get ready and embrace yourself for the economic collapse.
BANK RELATED INFORMATION
http://israndjer.blogspot.ca/2015/09/bank-related-links.html
CURRENCIES
http://www.bloomberg.com/markets/currencies
COMMODITIES
http://www.bloomberg.com/markets/commodities
UPDATE-SEPTEMBER 29,2015-12:00AM
DOW MARKET TUESDAY-SEPT 29,2015
09:30AM-14.37
10:00AM-33.04
10:30AM-98.32
11:00AM-62.21
11:30AM-28.37
12:00PM-15.61
12:30PM-4.77-
01:00PM-24.83-
01:30PM-28.37
02:00PM-24.32
02:30PM-46.07
03:00PM-26.65-
03:30PM-53.48-
04:00PM-47.24 + 16,049.13
HIGH +116 LOW -56
TSX +32.38 13,036.98 - GOLD -$3.70 $1,128.00 - OIL +$0.78 $45.21
Stocks finish mostly higher as S&P 500 breaks losing streak-Published: Sept 29, 2015 4:10 p.m. ET-market watch-By Wallace-Witkowski-Reporter
U.S. stocks finished mostly higher after a choppy day of trading Tuesday with the S&P 500 Index SPX, +0.12% breaking its five-day losing streak but the Nasdaq Composite Index COMP, -0.59% adding to a sixth day of losses. The Dow Jones Industrial Average DJIA, +0.30% closed up 47.24 points, or 0.3%, at 16,049.13, after trading within a 177-point range. The S&P 500 closed up 2.32 points, or 0.1%, at 1,884.09, after trading within a 28-point range. The Nasdaq closed down 26.65 points, or 0.6%, at 4,517.32, after trading within a 109-point range on the day.
Asian shares see sharp losses amid global sell-off-bbc news-sept 29,15
Asian shares fell sharply as fears over growth prospects and commodity prices continued to drive a global sell-off in equities.In Japan, the Nikkei 225 index closed down 4.05% at 16,930.84.The index hit an eight-month low ahead of the closely-watched Bank of Japan's Tankan quarterly business confidence survey, due on Thursday.Japan's economy has struggled to pick up momentum after shrinking in the second quarter.A weak survey of Chinese industrial profits, released on Monday, also added to investors' concerns about the world's second-largest economy.Investors are looking ahead to manufacturing surveys on Thursday for more information on the extent of the slowdown in China.The Shanghai Composite closed down 2% at 3,038.14.Hong Kong's Hang Seng index closed down 3% at 20,556.60 after being closed on Monday. The benchmark was dragged lower by Glencore shares which finished the day down nearly 30% following a similar drop in London on Monday.-Miners down-Glencore's share price plunge in the UK and in Hong Kong came after a note from broker Investec which said that the firm's equity value could be wiped out if commodity prices remain at current levels.Worries over prospects for the mining sector also sent Australian-listed shares of BHP Billiton down 6.4%, while Rio Tinto closed down 4.6%."Its [Glencore's] rumoured reverse takeover of Rio Tinto at the start of the year is now seen as extreme debt risk considering the state of its balance sheet today - a blessing in disguise that the deal wasn't done," said Evan Lucas, market strategist at trading firm IG in a note.Australia's benchmark S&P/ASX 200 index closed down 3.8% at 4,918.40.Markets in South Korea are closed for public holidays.
Mon, Sep 28, 2015, 5:20 PM EDT - U.S. Markets closed-US stocks end sharply lower; S&P 500 -2.6%-AFP-YAHOONEWS
New York (AFP) - US stocks fell sharply Monday, joining European equities in retreat after poor Chinese industrial data deepened worries about the world's second-biggest economy.The Dow Jones Industrial Average fell 312.78 points (1.92 percent) to 16,001.89.The broad-based S&P 500 lost 49.57 (2.57 percent) at 1,881.77, while the tech-rich Nasdaq Composite Index tumbled 142.53 (3.04 percent) to 4,543.97.The losses put the S&P 500 back in correction territory, defined as a loss of 10 percent or more from its most recent high, in August.Government data showed China's crucial industrial companies saw profits fall 8.8 percent in August from a year ago -- hit by last month's shock yuan devaluation, weak demand and plunging share prices.The weak Chinese data hammered prices of key commodities such as oil and copper, as well as shares of petroleum-linked companies ConocoPhillips (-2.8 percent) and Schlumberger (-4.8 percent) and metals producer Freeport-McMoRan (-9.1 percent).Art Hogan, chief market strategist at Wunderlich Securities, said investors are brooding over two key questions with no imminent resolution: when the Chinese economy will bottom out and when the US Federal Reserve will raise interest rates.Adding to that are other worries, including potential legislation to rein in pharmaceutical prices and the Volkswagen emissions scandal."You have a path of least resistance that is lower until you have some answers to the big questions," Hogan said.While the losses were broad-based, some sectors were especially bruised, including pharmaceuticals.Valeant Pharmaceuticals International slumped 16.5 percent after Democratic lawmakers in Congress called for a subpoena for documents from the Canadian company allegedly related to related to huge drug price increases this year.Bristol-Myers Squibb lost 4.6 percent, Dow member Pfizer dropped 3.4 percent and Gilead Sciences sank 5.3 percent.Homebuilders also lost out after data from the National Association of Realtors showed US pending home sales fell in August. Lennar fell 5.7 percent, PulteGroup 4.7 percent and KB Home 8.0 percent.Many technology stocks suffered drops, including Amazon (-3.7 percent), Facebook (-3.6 percent) and Netflix (-2.7 percent).On the winning side was aluminum giant Alcoa, which jumped 5.7 percent on news it would split into two companies.Also higher was Media General, which vaulted 22.3 percent on news it received an unsolicited buyout offer from Nexstar Broadcasting Group valued at about $4.1 billion. Nexstar dipped 2.3 percent.Bond prices rose. The yield on the 10-year US Treasury fell to 2.10 percent from 2.17 percent Friday, while the 30-year dropped to 2.88 percent from 2.96 percent. Bond prices and yields move inversely.
Loss size says no, but some stock gurus say bear market has arrived-Adam Shell, USA TODAY 4:46 p.m. EDT September 28, 2015-YAHOONEWS
The broad U.S. stock market is down more than 10% since the May peak, which in Wall Street-speak is just a “correction.” But a growing number of investment gurus are saying a bear market has already arrived on Wall Street.After a 2.6% drop Monday to 1881.77, the broad Standard & Poor’s 500 stock index was down 11.7% from its May 21 record close of 2130.82 and on track for its worst quarter since the third-quarter of 2011. The double-digit percentage drop equates to an official correction, defined as a drop of more than 10% from a high. But the current downdraft, at least from a numerical standpoint, is still a far cry from a full-fledged bear market, or a drop of 20% or more from a peak.Indeed, there’s still a vocal, sizable camp on Wall Street that says the recent market turbulence – which has been sparked by a slowdown in China, uncertainty over when the Federal Reserve will hike interest rates, and slowing earnings growth in the U.S. – is just a correction. And not the start of a bigger, "more sinister" downturn.But the drumbeat of market pros that say the market is already in the clutches of the bear – or is heading for a bad ending -- is getting louder.Jim Cramer, the ex-hedge fund manager and host of CNBC’s show “Mad Money,” has been vocal recently on air, saying repeatedly that he doesn’t like the market now, and last week said “we have a first-class bear market going.” Similarly, Gary Kaltbaum, president of Kaltbaum Capital Management, has been sending out notes to clients and this newspaper for weeks, saying the poor price action of the stock market and many hard-hit sectors, such as energy and the recently clobbered biotech sector, has all the earmarks of a bear market. Over the weekend, Kaltbaum said: “We remain in a worldwide bear market for stocks.”Adding to the angst was word Monday that hedge fund titan and billionaire Carl Icahn is set to release a video Tuesday warning investors of danger ahead, due in large part to the coming fallout following years of cheap-money policies from the Fed that has created bubbles in things like art, real estate and high-yielding corporate bonds.While the S&P 500’s drop from its May peak still is far from 20%, many of the index’s 500 stocks are suffering far more pain. An analysis of the performance of the broad market index after Monday's close showed that 253 stocks – or more than half the index – were down more than 20% from their recent highs, putting them firmly in bear-market territory, according to S&P Capital IQ. Nearly 86%, or 430 stocks, in the large-company stock index are down more than 10%. About 25%, or 121 stocks, of the index components were down more than 30%,The discussion about whether an official bear market is coming has picked up in the financial press. In August, roughly 1,400 news stories published by Bloomberg included the term “bear market,” up seven-fold from about 200 mentions back in May at the market’s recent peak, according to BMO Capital Markets.The key question, of course, is whether the current pain in the stock market gets worse, and pushes the S&P 500 into its first bear market since the last one that ended back in March 2009? The truth is no one really knows, but there’s always a chance the market could lose its footing and keep tumbling.But a bear market is not the base case for most of Wall Street.Strategas Research Partners, for example, recently held a market-focused get-together with 17 of its investment-related clients and despite all the red ink recently on Wall Street, “few participants seemed worried that the recent volatility in the market would turn into something more sinister.”Similarly, Brian Belski, chief investment strategist at BMO Capital Markets, thinks the current correction has been long overdue. The pullback, he says, is normal and is nothing more than a correction, adding that the long-term bull market will reignite once the dark clouds clear. Belski notes that markets historically have bounced back after corrections, periods of heightened volatility tend to be short-lived and that sharp spikes in pessimism and fear, like we're seeing now, are a contrarian signal and could signal a price rebound is forthcoming.“Despite the surge in bearish prognostications since the market nosedived during August,” Belski wrote in a report, “everything in our fundamental, quantitative and macro work still suggests that U.S. stocks should finish the year at higher levels, and by no means do recent developments alter our longer-term secular bull market stance.”Thomas Lee, managing partner at Fundstrat Global Advisors, also believes the bull market remains intact. The current “buyers strike” and current “de-risking” on Wall Street, Lee believes, will give way to better conditions for stock investing in coming weeks and months. He says investors are now positioning for a market breakdown, and could need to adjust that bearish posture amid a market upturn. Another potential catalyst for U.S. stocks, Lee says, is the U.S. consumer, which is benefiting from more jobs, better pay and positive dynamics from housing and lower gas prices. Stocks, he adds, also still deliver a fatter dividend yield than the current yield on the 10-year Treasury note, which is yielding 2.10%.Contributing: Matt Krantz, Los Angeles
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