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Panic On Wall Street As Stock Market Drops 500 Points In Wild Slide Down

“Right now there is a feeling of fear in the marketplace and all news is interpreted negatively and it’s interpreted indiscriminately,” said Tom Digenan, head of U.S. equities as UBS Global Asset Management.

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U.S. stocks closed deep in the red on Friday as global growth concerns accelerated selling pressure to push the Dow and Nasdaq into correction territory.

“Men’s hearts failing them for fear, and for looking after those things which are coming on the earth: for the powers of heaven shall be shaken.” Luke 21:26 (KJV)

The major averages had their biggest trade volume day of the year and posted their worst week in four years. The Dow Jones industrial average closed at session lows, off nearly 531 points and in correction territory for the first time since 2011 as all blue chips declined. The last time the index closed more than 500 points lower was on Aug. 10, 2011. In the last five years, the index has only had four instances with closing losses of more than 400 points.

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“uh-oh”

“For investors the momentum and the drive of the market is now lower (than) it used to be because there’s no place to hide,” said Lance Roberts, general partner at STA Wealth Management. “Every time we hit the major technical points we kept selling.”

“What is important is the price action of the market has done something we haven’t seen since the last bull market peak,” Roberts said. “There is something going on internally in the market. That illness that has been building up in the market.”

A trader also noted that investors stopped looking at technicals and were plowing through them. “It’s an expiration day and it looks like they’re to have for sale on the close maybe as much as a billion dollars,” said Art Cashin, director of floor trading for UBS.

The Nasdaq Composite lost 3.5 percent, also closing in correction territory and joining the other major averages in negative territory for the year.

Apple declined 6 percent, in bear market territory, and the iShares Nasdaq Biotechnology ETF (IBB) plunged 3.1 percent. “Right now there is a feeling of fear in the marketplace and all news is interpreted negatively and it’s interpreted indiscriminately,” said Tom Digenan, head of U.S. equities as UBS Global Asset Management.

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12 Events That Will Occur In September That You Should Know About

The S&P 500 fell through a support level of 1,980 to end at 1,970, off 7.6 percent from its 52-week high. The index is off about 4.3 percent for the year so far. Information technology and energy led all 10 sectors lower on the day.

Energy was the worst decliner for the week, with no sectors posting weekly gains. As of Friday morning, 28 percent of the S&P 500 was in a bear market.

“It’s more of the same,” said Peter Boockvar, chief market analyst at The Lindsey Group. “From a technical perspective we broke” 2,040 on the S&P 500, the lower end of the trading range. The Russell 2000 fell into correction territory in the open and failed attempts to stay out of it. source

Apple dumps $158B, enters bear market

Wiped out of 2015 gains. Apple has swung into the red for the year, taking away the one security blanket investors have had while the rest of the market suffered. Shares are Apple are now down 3.2% on the year – a rude awakening since the stock had been up as much as 22% through its high this year. source

Oil suffers longest weekly losing streak since 1986

U.S. oil futures on Friday settled below $41 a barrel for the first time since the Great Recession to suffer an eighth straight weekly loss—the longest streak of weekly losses since 1986. Nymex prices haven’t seen a streak of that many weekly losses since the 10-week stretch of losses that ended on March 7, 1986, according to FactSet data. source

China sparks global panic

Weak manufacturing data out of China was the latest bad news to wreak havoc in financial markets this week. The devaluation of the yuan last week sparked global growth concerns that hit almost every global asset class, finally reaching what had until now been a bastion of stability: the S&P 500. source

Dow 5,000? Yes, it could happen

I don’t mean to be alarmist or to induce panic, but someone needs to tell the public that there is a plausible scenario in which the U.S. stock market now collapses by another 70% until the Dow Jones Industrial Average falls to about 5,000. The index tumbled more than 3% to 16,460 on Friday.

Dow 5,000? Really? Yes, it could happen. source

antisemitism

The Pro-Hamas And Anti-Israel Protest Groups Roiling College Campuses Across America Right Now Are Funded By George Soros And His Far-Left BDS Buddies

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Far left BDS groups supporting the Columbia students’ sit-in include a group that supported the Hamas attack of October 7 and a George Soros fund.

It’s an amazing thing to see how all these college campuses across America are now hosting massive anti-Israel, pro-Hamas demonstrations that feature professionally designed and printed signage, pop-up tents, and an endless bevy of transportational vehicles to ferry people to and from the protests. Why, it’s almost as if these ‘organic student-led protests’ had professional backers feeding them money and materials. As it turns out, they do and George Soros is leading the pack.

“The copy of the writing for a commandment to be given in every province was published unto all people, and that the Jews should be ready against that day to avenge themselves on their enemies.” Esther 8:13 (KJB)

You might not have heard of the Boycott, Divest and Sanctions Movement, BDS for short, but it is a very powerful group of people working to put pressure on Wall Street, Fortune 500 companies and colleges and universities to pull investments and endowments connected with Israel to cripple them financially. George Soros and his Leftist buddies are funding all of what you are watching unfold on the news with the college protests happening right now, just like they funded the furor surrounding the George Floyd event in 2020. George Soros might be biologically Jewish, but he is very much against the state of Israel and the Zionist Movement. You remember he started his career as a teenager in WWII, ratting out his Jewish friends and neighbors to the Nazis who then seized their property and took them away to the camps. In 2024, nothing has changed, Soros is just doing his dirty work globally instead of locally.

The far-left groups funding Columbia’s student sit-in including a group that supported Hamas Oct 7 attack and a George Soros fund

FROM THE DAILY MAIL UK: Tensions continue to escalate at the Ivy League school where hundreds of pro-Palestine protesters are demanding that the institution divest from companies with ties to Israel. So far, more than 100 demonstrators have been arrested at the ‘Gaza Solidarity Encampment’, which is comprised of a coalition of 116 groups under the umbrella organization Columbia University Apartheid Divest.

Now it has emerged that several of the groups in the coalition have received backing from left wing donors, including one group currently under investigation for allegedly fundraising for terrorist organizations.

One of the key players in the coalition is Students for Justice in Palestine (SJP), which the Gazette reports came out in support of the October 7 attack which killed 1,200 Israelis. SJP receives funding from American Muslims for Palestine (AMP), according to the Anti Defamation League, which describes AMP as holding ‘extreme anti-Israel views’.

Last year, Virginia’s Attorney General Jason Miyares announced his office was investigating AMP over allegations they may have been fundraising for terrorist organizations. SJP is also an offshoot of the Westchester People’s Action Coalition which supports Boycott, Divestment and Sanctions, the Green New Deal, and other left-wing initiatives. WESPAC is named as a ‘fiscal sponsor’ of SJP, according to NGO Watch and has assets over $1,000,000. Several of the groups members are among those who have been barred for participating in the sit in.

Another central player in the encampment is Jewish Voice for Peace, which has received millions from various donors including George Soros’s Open Society Network. Since  2016 the group has netted at least $650,000 from Soros-backed organizations.

Other donors have included the Rockefeller Brothers Fund, whose director, Nicholas Burns, resigned in 2017 over its support for JVP. Both JVP and SJP have been involved in solidarity protests across other universities including NYU, Yale, MIT and Harvard.

Columbia canceled in-person classes, dozens of protesters were arrested at New York University and Yale, and the gates to Harvard Yard were closed to the public Monday as some of the most prestigious U.S. universities sought to defuse campus tensions over Israel’s war with Hamas.

Columbia University Apartheid Divest states on its website that it represents thousands of students across nine schools.

Other groups which make up the coalition include Young Democratic Socialists of America, Columbia Queer and Asian, the African Students Association, Columbia University Students for Human Rights and the Teachers College Abolition Collective.

The coalition began the sit in following Columbia president Minouche Shafik’s testimony before Congress about anti-Semitism on campus. The stunt entered its seventh day today and has already seen billionaire donors including Robert Kraft pull their funding and earned condemnation from the White House.

The coalition’s three demands center around divestment all of Columbia’s finances, including that profit from ‘Israeli apartheid, genocide and occupation in Palestine’, severing all ties with Israeli universities and an opposition to ‘to land grabs, whether in Harlem, Lenapehoking, or Palestine’. The group is seeking a ceasefire on Gaza, where more than 34,000 Palestinians have been killed in retaliatory strikes by Israel. READ MORE

Now The End Begins is your front line defense against the rising tide of darkness in the last Days before the Rapture of the Church

When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. We have a Gospel Billboard program. We are now broadcasting Bible studies, Podcasts and a Sunday Service 5 times a week, thanks to your generous donations. All this is possible because YOU pray for us, YOU support us, and YOU give so we can continue growing.

But whatever you do, don’t do nothing. Time is short and we need your help right now. The Lord has given us an open door with a tremendous ‘course’ for us to fulfill that will create an excellent experience at the Judgement Seat of Christ. Please pray for our efforts, and if the Lord leads you to donate, be as generous as possible. The war is REAL, the battle HOT and the time is SHORTTO THE FIGHT!!!

“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJB)

“Thank you very much!” – Geoffrey, editor-in-chief, NTEB

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Free Bible Program

We Just Sent One Bible For Every Detainee At The 1,400 Bed Karnes County Facility As Chaplain Segunda Tells Us 53 People Just Got Saved

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This month we have sent out nearly 5,000 pounds of Bibles, New Testaments and scripture portions to jails, prisons and detention centers across America

Chaplain Segunda wrote to tell us two things the other day.  The first was that she was very grateful to have received the 1,400 Bibles we sent to the Karnes County Detention Center last week, the second thing she wrote to tell us was that 53 people had prayed to get saved, and they were overjoyed to receive those Bibles from us. An equal amount of Bibles went out to the South Texas Immigration Detention Center, and 750 King James Bibles were sent to the Floyd County Jail in Georgia.

“But the word of God grew and multiplied.” Acts 12:24 (KJB)

I got a letter yesterday Mark & Margie Beamer who attend the Wooster Bible Church in Ohio, they were writing to send a donation for Bibles Behind Bars and to tell us that the Bibles we sent to that church last year for their jail ministry at the Richland County Jail are still being given out, and that they were excited to help give them out. What a blessing that is for the giver and the receiver!

Christian, your prayers and donations are fueling an amazing boots-on-the-ground offensive to put the word of God into as many jails and prisons as the Lord will allow. New requests come in on a daily basis, please keep us in your prayers. And if God has prospered you, please take a moment to click on the donate button to send is a generous financial contribution to keep the supply line of King James Bibles, News Testaments, scripture portions and gospel tracts wide open. Thank you so much…TO THE FIGHT!!!

Now The End Begins is your front line defense against the rising tide of darkness in the last Days before the Rapture of the Church

When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. We have a Gospel Billboard program. We are now broadcasting Bible studies, Podcasts and a Sunday Service 5 times a week, thanks to your generous donations. All this is possible because YOU pray for us, YOU support us, and YOU give so we can continue growing.

But whatever you do, don’t do nothing. Time is short and we need your help right now. The Lord has given us an open door with a tremendous ‘course’ for us to fulfill that will create an excellent experience at the Judgement Seat of Christ. Please pray for our efforts, and if the Lord leads you to donate, be as generous as possible. The war is REAL, the battle HOT and the time is SHORTTO THE FIGHT!!!

“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJB)

“Thank you very much!” – Geoffrey, editor-in-chief, NTEB

Continue Reading

Artificial Intelligence

Please Give A Hearty End Times Welcome To ‘Thermonator’, The World’s First Flamethrower-Wielding Robot Attack Dog Straight Out Of Revelation

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While it may sound like an episode of Black Mirror, Americans can now purchase a flamethrower-wielding robot dog online from Throwflame called Thermonator.

Have you ever spent a hot, summer afternoon at a water park? I have, and it’s one of my favorite things to do. There is this curious moment that takes place after you enter into the water, right before the thundering force of the jets carry you forward. In that brief, little space, you are calm and peaceful, luxuriously basking in the cool water. Then you reach the main current and woosh!! you go at what feels like a million miles per hour. This is where we are right now with the incoming tide of AI and robot technology, in that brief little moment before the avalanche sweeps us inexorably forward into only God knows what’s coming next.

“Behold ye among the heathen, and regard, and wonder marvellously: for I will work a work in your days, which ye will not believe, though it be told you.” Habakkuk 1:5 (KJB)

The opening years of the 20th century was an overwhelming outpouring of information and global travel and exploration, exactly as Daniel had foreseen in chapter 12 of his book. In America, so many new things were being invented that we felt that nothing was out of our reach, and that we were on the verge of create a thousand year reign of peace and prosperity. Many of the Christian scholars were amillennial, secure in their thinking that we were ‘bringing in the kingdom’. Then WWI hit, and the world watch as all that technology we had just invented was now being used to wage war as never seen before in entire annals of human history. Soldiers literally went insane watching the ‘benefits of modern technology’ helping them to live a ‘better and more prosperous life’. Now here in 2024 we have flamethrower-wielding robot dogs named Thermonator here to meet all our flamethrowing needs as Hell continues to enlarge itself. Check your watch, Christian, it’s later than you think.

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Meet the Thermonator: First ever flamethrowing robot dog that shoots jets of fire up to 30 feet hits US market

FROM THE DAILY MAIL UK: Ohio-based Throwflame opened sales for its ‘Thermonator’ Tuesday, selling its 37-pound quadruped machine for $9,420 that is legal in all US states except Maryland. A demonstration video shows a Thermonator creeping and jumping through a forest before torching its surroundings with a 30-foot jet of fire spewing from a flame thrower on its back. Throwflame, based in Cleveland, claims to be the oldest flamethrower manufacturer in the US.

The company released the first-ever full-sized, commercially available flamethrower in 2015, which shoots flames up to 50 feet. ‘This unregulated flamethrower sparked a significant media response relating to legality,’ Throwflame shared on its website. ‘However, flamethrowers remain federally unregulated. This means anyone can buy one without background checks or a waiting period.’

Thermonator appears to be designed like most quadruped robots but has one of Throwflame’s devices attached to its back. The robot dog boasts a variety of cameras and sensors, allowing it to autonomously move throughout its surroundings and find targets to set ablaze. The machine is remotely operated – the demonstration video shows a handler controlling it with a smartphone.

Social media users have weighed in on the machine, comparing it to an episode in the fourth season of Black Mirror titled ‘Metalhead.’

The episode explores what could happen if these machines turned on us, revealing the terrifying quest for survival in a world where robo-dogs can outrun and outsmart humans. X user Rob Sheepe posted: ‘Some real-life Black Mirror ‘Metalhead’ terror right here. How is this legal?’

However, Maryland is the only US state that bans flamethrowers – California requires a permit to own one. Possessing or using a flamethrower in Maryland is punishable by a $250,000 fine and up to 25 years imprisonment.  In 2015, Congress introduced a bill that would treat flamethrowers like machine guns, but was stalled and later dismissed. READ MORE

Now The End Begins is your front line defense against the rising tide of darkness in the last Days before the Rapture of the Church

When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. We have a Gospel Billboard program. We are now broadcasting Bible studies, Podcasts and a Sunday Service 5 times a week, thanks to your generous donations. All this is possible because YOU pray for us, YOU support us, and YOU give so we can continue growing.

But whatever you do, don’t do nothing. Time is short and we need your help right now. The Lord has given us an open door with a tremendous ‘course’ for us to fulfill that will create an excellent experience at the Judgement Seat of Christ. Please pray for our efforts, and if the Lord leads you to donate, be as generous as possible. The war is REAL, the battle HOT and the time is SHORTTO THE FIGHT!!!

“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJB)

“Thank you very much!” – Geoffrey, editor-in-chief, NTEB

Continue Reading

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