September! Predictions were for September!
Interesting in Robert Kiyosaki’s book, Rich Dad’s Prophecy, he predicted in 2002 that the biggest stock market crash in U.S. history would happen sometime around 2016.
A small bit of bad economic news from China sparked a big global reaction as U.S. stocks followed the rest of the world’s markets down sharply Tuesday, a sign of investors’ deepening concerns about the strength of the Chinese economy.
The blue-chip Dow Jones industrial average dropped nearly 3%, falling 469.68 points, to 16,058.35, while the broad-based Standard & Poor’s 500 index fell 58.33, also about 3%, to 1,913.85.
The latest sell-off comes after stocks rebounded last week with the biggest two-day rally in seven years and continues the wild volatility that has marked trading sessions for more than two weeks. Despite the two-day gain, Dow has lost nearly 2,500 points over nine other days.