NEW YORK (Reuters) - Stocks slumped on Friday, with blue chips chalking up their biggest weekly loss since the Great Depression in the 1930s on growing fears over a worsening U.S. economy and a long war on terrorism after last week's deadly attacks.
``Right now, there are just falling knives everywhere,'' said Dirk van Dijk, who helps manage $4.5 billion for C.H. Dean & Associates. ``Who the hell wants to step in front of a freight train? On Monday we did some buying. Clearly we were premature.''
The week shattered records. The Dow Jones industrial average (^DJI - news) skidded a record 1,370 points, and its weekly percentage loss eclipsed the slides of the October crashes of 1987 and 1929. The New York Stock Exchange clocked its three busiest days ever on Monday, Wednesday and Friday since it reopened after a four-day shutdown caused by the Sept. 11 terror assaults.
An upbeat earnings outlook from bellwether General Electric Co. (NYSE:GE - news) failed to fuel optimism after President Bush prepared the nation for war on Thursday night. Wall Street has been jittery about a possible U.S. military response to the terror attacks that destroyed American landmarks and claimed thousands of lives.
The devastation sparked national mourning, massive layoffs, recession fears and plans for military retaliation. Stocks skidded to three-year lows, while U.S. Treasuries and gold climbed as investors fled to safe havens.
``You can't get a historical parallel. We are boxing with a ghost,'' said Richard Cripps, chief market strategist at Legg Mason Wood Walker. ``The market is oversold, but there is always an intangible factor to stock prices and an irrationality that they can reflect. You have to let it run its course.''
The Dow plunged 140.40 points, or 1.68 percent, to close at 8,235.81, after initially dropping more than 3 percent. The broader Standard & Poor's 500 Index (^SPX - news) sank 18.74 points, or 1.9 percent, to 965.80. The technology-laced Nasdaq Composite Index (^IXIC - news) tumbled 47.74 points, or 3.25 percent, to 1,423.19.
The Dow was down 14.26 percent for the week, second only to a 15.5 percent drop in the summer of 1933, according to the research firm MarketHistory.com. The Nasdaq crumbled by 16 percent and the S&P 500 fell 11.6 percent this week.
For the year, the Nasdaq is down 42.4 percent, Dow down 23.7 percent and S&P off 26,95 percent.
``The underlying tone here is just selling across the board,'' said Jeff Kleintop, chief investment strategist at PNC Advisors. ``There's the risk that the economy topples into a deeper recession ... and things can get worse just because of the military action and what repercussions result from that.''
More than three stocks fell for every one that rose on the New York Stock Exchange and 2-to-1 was Nasdaq's ratio of losers to winners. Trading was heavy with more than 2.3 billion shares changing hands on the NYSE, second only to the all time record $2.36 billion traded on Monday.
Total investor losses of $6.8 trillion since stocks peaked in March 2000 are equivalent roughly to the combined economies of Japan, Germany and France. About $1.4 trillion in investor wealth has evaporated this week, raising fears consumer spending will drop and add more pressure to the economy.
General Electric offered a short-lived respite from the relentless selling after the conglomerate said it was on track to deliver double-digit earnings growth this year. But GE also said that it does not expect an economic rebound next year.
The Dow component climbed 93 cents to $31.30 and briefly pushed the blue-chip Dow gauge into positive ground.
But most other corporate news has been grim as companies ranging from airlines and publishers to financial services firms and software makers have announced big layoffs. The assaults paralyzed the travel industry, aggravated fears of a recession and threatened to damp consumer confidence.
Comment...
The terrorist attack on the World Trade Center was exactly eleven years after
Our Lady warned of terrorist attack on New York City. The monetary
depression was predicted on September 7th, October 1st and November 1st.
The Bayside Prophecies say:
A massive World Monetary Depression . . .
Our Lady - "My
child and My children, the days will grow darker, and there will be hunger in your land.
Yes, My child, what I brought you here for this evening is to tell the world that there
will be a crash in the monetary doings of your government - an absolute crash that will
affect every man, woman, and child in the United States and Canada, and then, like a
serpent, creep all over Europe, until the world sees one big, massive depression. I can
illustrate to you, My children, what I mean by this monetary depression.
"Should you go and wish to buy a
small instrument, even a guitar, that We hear plucking away at the dervishly, and devilry,
of what is called the musical Mass, strung by guitars, and other creations of satan.
My
child, I go on to tell you, you will say that the guitar is not a costly item, but in
order to buy this guitar you will carry an actual satchel, an overnight bag - size, My
child - let Us put it that way clearly - of notes, your currency. It will take a whole
suitcase of paper - paper money that no longer has a value. You will soon be reduced to
bartering for your food.
"My child, I know you are
affrighted at this word 'war'; 'death', 'turmoil', 'depression', but what can I do but
tell you the truth. I cannot smooth over it, for I would be accepted like those upon earth
who like ostriches, they walk about, proud in their scientific knowledge." (9-7-85)
A planned Great Depression . . .
Jesus - "My child and My children, pray a constant vigilance of prayer.
Keep this going
throughout the United States and all of the nations of the world, for there is little time
left. Soon, in the plans of the Eternal Father, He shall set forth and allow to come upon
mankind, a great money disaster. In this way it will prove to you that the disaster back
in the 1920's, My children, was as nothing compared to what will happen now.
I talk of a
great depression coming upon mankind."
(10-1-88)
Destruction of the World Monetary Systems . . .
Our Lady - "You
will understand and broadcast the message to the world that there will be a great
destruction in the monetary systems of the world. It will affect both the United States
and Canada, and all the great powers of the world. And I repeat again: You will go to your
stores to do your shopping carrying papers which may as well be newspapers, for the value
they will have to purchase even food will be nil.
"How can a great country like the
United States fall, you say, My child? You ask Me in your heart. I read your heart.
I will
tell you why. Because they have given themselves over to satan. When a country has lost
its morality and seeks the pleasures of the flesh, giving over, themselves over, to all
manner of abominations, like homosexuality, and condoning this up the highest courts of
the land, then that country shall fall." (11-1-85)
Gathering of the world's money to control the
masses . . .
Jesus
- "Man shall not create a new world as he seeks. For there cannot be a lasting world without His God.
And I speak not of the false idols and gods that man creates in his human nature!
There is only one Creator.
"You who cast aside this knowledge and choose to set yourselves up by power and the gathering of the world's money to control the masses, you will find that all of your power and all of your volumes of gold and silver cannot hold back the heavens as they descend upon you in a just chastisement.
The world, the earth shall tremble, fear shall come upon mankind as he watches the approach of the destruction that he himself has chosen to set loose."
(2-10-78)
Evil Force like an Octopus . . .
Our Lady - "There is a great evil force now enshrouding your world; it is like an octopus reaching out in every direction to ensnare the world.
It is a force of evil set up by Satan. There are many arms of the octopus controlled by the monies of the world.
"For the love of money and riches, many will sell their souls to get to the head. O My children, what do you gain if you gather all of the riches of the world and destroy your soul. When you come over the veil, and you will come over the veil, what will you bring with you - nothing of the material.
You must gather your riches in Heaven now. They are supernatural: the graces, the merits that will allow you to enter into the Kingdom of your God."
(6-24-76)
The Illuminati . . .
Our Lady - "There is a group in the United States and the world, a group that started many years ago, calling itself the Illuminati, coming from the word 'light bearer'. Naturally, My children, this light that they bear stands for Lucifer, and as such they have gone through the world secretly known as Luciferians.
They have brought into your country, the United States, and your neighbor Canada, a group of witchcraft practices.
Well have they laid their plan to destroy your children with drugs, using your school systems, your medias of communication, your newspapers, your televisions, your radios: every means of communication has been infiltrated by the member and sub - members of the Illuminati, a conglomeration of individuals and powers and principalities throughout the world, and banking systems.
As you well know, My children, money has always been the root of all evil, and many have sold their souls to get to the head.
A Power called Witchcraft . . .
"Parents, I ask you to remove from your home all agents or significations relating to the agents and forces of hell - Lucifer and his demons now loosed upon earth.
Because you are not accepting the graces given to you from Heaven - parents, you are not aware that your children are being brainwashed by Lucifer.
He sends into your homes music. You accept these to make your children happy, but there is a power called witchcraft.
Do not laugh as I tell you this. It is here, it is now, and it is powerful, even unto the death of a human being.
It is a group that is using religion as a front, My children. There is only one religion that can save your country and all of the countries of the world: the religion of the cross and My Son's sacrifice upon that cross.
(11-25-78)
You are worshiping idols . . .
Jesus - "My children, you must change your values back to the plan of your God. As a nation, as a country, as in many countries throughout the world, you have become paganized and immoral.
My children, it is the gauge for the fall of mankind: immorality and paganism.
No nation shall stand without its God, the God in Heaven.
"Man is creating many new god, god to feed his human nature; and it a basic carnal nature. Idolaters abound. When you worship in abundance, things, My children, you are worshiping idols! If you spend your time gathering things, money, power, you are worshiping idols. Remove yourself from these worldly pursuits.
"It is a narrow road to the kingdom of your God, Heaven. Many are called but few are chosen.
The road with satan is wide. Many walk it and can never leave, because there are too few prayers said for them and by them.
"Nothing is impossible to your God. Man shall never reach the highest pinnacle of Heaven in knowledge."
(3-18-78)
Many will sell their souls to get to the head . . .
Our Lady - "The road to Heaven, My children, is a narrow one; too few stay upon it.
For they are often carried away with the cares of the world, and the pleasures of the materialistic pursuits, and their gathering of money and prestige and power.
For what? For the few short years allotted to each human upon earth.
I ask you to ask yourself: is it worth it to lose your soul? Many will sell their souls to get to the head."
(11-20-79)
Gather your Graces . . .
Jesus - "You cannot accept two masters. One you will love, and the other you will learn to hate. And remember, My children, where your treasures are, your heart will always lie. And better that you gather your treasures in a place where there is neither rusting, nor attacks by moths, and robbers cannot take them from you. Store your treasures in Heaven, My children. Gather your graces. You must ransom your soul and the souls of your children, your households. Do not wait expecting to be repatriated at the last moment, My children. Many are coming across the veil unprepared, and, sadly, they cannot be accepted into the Kingdom."
(8-5-77)
Store canned goods, water and blankets . . .
Our Lady - "My children, I caution you now, and I wish that you remember these instructions from several years ago in earth's time that I gave to you, to keep in your homes a good supply of canned good.
They have shelf value, My children, they will not spoil. But better that you keep them and they spoil than to have come upon you the great Chastisement.
It will be a ball of fire which will ignite many of the chemicals that are being stored up for the destruction of the nations.
"My children, not only with the canned foods will you store just food, but you must also make known to your families and your friends that they had best keep blankets and water in tight containers; for there will be on the onset of the Chastisement, there will be nothing that you can buy due to contamination."
(7-1-85)
Crucifix to guard entrances to home…
Jesus - "I must reveal, My children, to the world
again, that you are to keep a crucifix on your front door and your back door.
All entrances to your home must be guarded by the crucifix. There has not been
one home on Long Island that had a crucifix on its door that did fall to any
evil. I do not speak of the trees, My child; I speak of mankind. You did not
know a major disaster as has happened, My children, in Mexico. You see, My
child, I set you down in that area to bring the word to mankind, and it was
through these words that many listened and the passed through the horrible
experience of a hurricane." (10-5-85)
Crucifix on front and
back door... The only real protection against
terrorists...
Jesus - "Pray and wear your sacramentals. And, also, My
children, I ask you again to place a crucifix upon your door. Both front and
back doors must have a crucifix. I say this to you because there will be carnage
within your areas, and this will pass you by if you keep your crucifix upon your
doors." (6-30-84) (Testimonies
of lives and homes saved by the crucifixes.)
Heaven’s Home Protection Packet...
Our Lord stated we must have crucifixes upon the outside of all of our
outside doors. In the "Heaven’s Home Protection Packet" there are
instructions, four crucifixes, and a tube of special cement for wooden or metal
crucifixes. Wooden crucifixes adhere better to the doors when the aluminum strap
is removed from the back. Put a light coat of cement on the back of the crucifix
and then press it to the outside of the door. If you have any problems, you can
call us at 616-698-6448 for assistance. This Heaven’s Home Protection Packet
is available for a donation of $5.00 plus $3.00 shipping and handling. Send
$8.00 to TLD Ministries, P.O. Box 40, Lowell, MI 49331. Item # P15 (Order
Form)
Heaven’s Personal Protection Packet . . .
Our Lady tells us to be protected from all evil, we must wear the following
sacramentals around our necks: a rosary, a crucifix, the St. Benedict medal, Our
Lady of the Roses medal, the Miraculous Medal, and the scapular. We have all of
these sacramentals in a packet we call "Heaven's Personal Protection
Packet." This packet is available for a donation of $5.00 and is listed in
the sacramental section of the order form.
Our Lady of the Roses, Mary Help of Mothers promises to help
protect our children. On September 13, 1977, She said, "He has an army of
ogres wandering now throughout your country and all of the countries of the
world. They are in possession of great power; so wear your sacramentals, and
protect your children and your households. Learn the use every day of holy water
throughout your household. Insist even with obstructions, insist that your
children always wear a sacramental. One day they will understand that they will
repel the demons."
On February 1, 1974, Our Lady said, "My children, know
the value of these sacramentals. Guard your children well. You must awaken to
the knowledge that you will not be protected without the sacramentals. Guard
your children's souls. They must be surrounded with an aura of purity. Remove
them if necessary from the sources of contamination, be it your schools or even
false pastors."
This Heaven’s Personal Protection Packet is available for a
donation of $5.00 plus $3.00 shipping and handling. Send $8.00 to TLD
Ministries, P.O. Box 40, Lowell, MI 49331. You may use your MasterCard, VISA, or
American Express and call 1-616-698-6448. Item # P5 (Order
Form)
The Virgin Mary’s Bayside Prophesies book . . .
It's a pocket size paperback book and has 544 pages
plus 16 pages of pictures. It has all of Our Lady’s Bayside messages from 1980
through 1994. Some of these have never been published before. This is a
type of a survival book. It tells what is coming and how to prepare for it
spiritually and materially. It is a must book for the days ahead. This is
a great way to spread Our Lady’s messages to our family, friends and
relatives. Item #006 Cost $5.95 (Order
Form)
Incredible Bayside Prophecies on the United States and Canada book .
. .
We have researched the Bayside Prophecies on the United States and
Canada and put these outstanding prophecies in a 360 page pocket size paperback
book. Veronica said it was very good. It tells what is going
to happen here and how to prepare for it. Every North American must read
this book! Item #B2 Cost $5.00 (Order
Form)
See
the Bayside Prophecies
September 7, 1985 -- World monetary crash
"One massive depression" (click
here)
October 1, 1988 ------ New York City targeted for destruction (click here)
November 1 -- Stop homosexuality! Enact just laws to prevent its spread. (click here)
D139
- Preparations:
Spiritual
D140
-
Preparations:
Material
See these important links for more information:
Stock market manipulations http://www.freerepublic.com/forum/a37553a44271c.htm
Colins
Hot Financial Pages http://www.users.dircon.co.uk/~netking/finan.htm
Market
Crashes http://business.fortunecity.com/wrigley/585/Markets/Gold8.htm
The Plunge Protection Team http://www.mcalvany.com/specialreports/april/plunge.htm
The "OLD ECONOMY" is OUT - the "NEW
ECONOMY" is IN http://www.mcalvany.com/specialreports/april/oldnew.htm
Home | Introduction | Prophecies | Directives | Order Form | Testimonies | Veronica | News | Photos | Bible | Magazine | Newsletters | Radio Show |
The electronic form of this document
is copyrighted. www.tldm.org
Copyright © These Last Days Ministries, Inc. 2001 All rights
reserved.
Revised: August 01, 2022