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Day 2 Mega Crash: Dow Closes Down 530 Points

That is a 3.12% loss in a single day. 5.18% today and yesterday. To put that in perspective between 750 billion and 1 trillion dollars in market value were just wiped out in two days in the U.S. alone.

And it isn't even September yet.

It is about to get really, really ugly. CNBC is reporting that China's market is now mirroring 1929, and we could see the Chinese market crash a further 9% over just the next 4-5 days.

Again I'll ask you: is your treasure in Heaven or on earth?

You can't eat your gold, your silver, or your stocks, but God provides for His children.

I don't want you to freak out, but rather to invest where it counts while there is time.

Now it might be wise to have some cash on hand and some supplies, but don't rely on them.  Be prudent, but rely on God.  Trust in Christ.


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1 comment:

  1. I hear you Steve, but I think you have to be careful with how you say it. The Bible is clear on Sola Fide (see Romans, Galatians, John, etc). However, saying you believe baptism is necessary doesn't mean you have to say salvation = faith + works. The Bible is clear works do not earn salvation. I would argue baptism is not a work.

    As Martin Luther would teach: we are saved BY grace THROUGH faith AT baptism. Baptism isn't a work of righteousness, it is just showing up to receive the free gift.

    We also have to be careful to follow God's heart, which is not legalistic. Christ died for all of our sins if we trust in Him.



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