Some are wondering if the worst is yet to come to the stock markets in the USA:
Volatile week on Wall Street worries investors — is the worst yet to come?
August 30, 2015
A chaotic week on Wall Street is finally over, in finishing with a flat close on Friday, but there is plenty to wonder about next week — and whether more bad news might be on the horizon.
For one thing, Federal Reserve Vice Chairman Stanley Fischer said in an interview with CNBC that the Fed had not decided yet whether it would raise interest rates in September, but investors seem to believe it’s more likely than it was before, a move that could roil markets, according to a Reuters report.
The market was so volatile this week that the S&P 500 dipped to its lowest level since last October. And yet, the big three U.S. indices all somehow ended the week with gains.
It was a roller coaster ride for investors, with the Dow Jones Industrial Average plummeting hundreds of points one day and then rocketing up by similarly huge margins the next.
A lot of that has to do with global market turbulence that will continue into next week and beyond, especially when it comes to China’s faltering economy and then, of course, when the Fed would raise interest rates. http://www.morningticker.com/2015/08/investors-are-scrambling-after-insane-week-on-wall-street/
Of course, stock prices rise and fall. Many countries are affected by the latest market volatility. Some wonder if volatility is going on because some want to implement more financial controls internationally (which will happen, cf. Revelation 13:16-18).
But is the worst yet to come for Wall Street?
Absolutely yes! Read full article
News Presenter: John Hickey