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Stock Market Goes Through Worst 2 Days in Years. Should We Be Worried Yet?

“We haven’t seen something like this since the Brexit vote.” “Just … a bit of a breather.”

Which analysis explains the unnerving drop in the stock market this week? The Dow Jones had a rough Monday, falling by 1,175 points for the worst single-day point drop in history. Wall Street had been enjoying months of a steady rise before Monday’s panic.

On today’s show, Glenn warned the audience that even if Monday’s stock market dip wasn’t the real thing, we are headed for a “massive reset” in the economy.

“I don’t think this is it, not yet,” Glenn said. “I believe this is just a correction.”

This article provided courtesy of TheBlaze.

GLENN: Yesterday, the Dow Jones Industrial Average dropped 1175 points. Today, it's down right now about 10 points. It was the largest single-point drop on record. But that doesn't really mean anything. Because, you know, the Dow is at 25,000.

The performance came on the heels of the Dow falling 665.75. Not 666, on Friday.

You can round it up. But that's not the way numbers work. Barely two weeks ago, the Dow peaked at 26,616. Then between last Friday and yesterday, it lost over a month of gains. It's the worst two days the stock market has seen in almost two years. However, the market is still up 26 percent in the last year. The typical annual growth is about eight.

Too much, too fast perhaps. One director at the brokerage firm said, this is the first time in a while I'd say it feels like borderline panic-type selling. We haven't seen something like this since the Brexit vote.

But a director at a different firm said, the markets are just taking a bit of a breather, which I'd argue is somewhat healthy. Yes. Things like this actually slow down a melt-up. You don't want money to just keep piling in, piling in, faster and faster and faster.

That's dangerous. So is this a snowball, or is this just really nothing? Is it a snowball that's going to lead to an avalanche, or a snowball that's going to be made into a snowman?

Some bond investors are spooked about there being more inflation on the horizon than they originally forecasted. In its effort to slow down inflation, the Federal Reserve has caused a lot of problems in the past, when it becomes overly jumpy and tweaks interest rates too much. Investors got nervous that the fed might do this and do their usual tinkering and make things worst yesterday. A lot of this over the past couple of days is psychology.

The market has gone so high, people are worried that it doesn't make sense for stocks and bonds to stay at the level that they are, so they're tapping the breaks. But what happens if the breaks are out and we're headed downhill? That's possible because the last hour of trading yesterday was a combination of AI and humans.

Humans can tap the brakes. Once it breaks barriers, however, and the stock market is controlled by AI. There is nobody stepping in saying, wait. Wait. Wait. This is panic selling. Don't.

That's why it dropped, what was it, 500 points in just a couple of minutes. The government is also borrowing more money than ever. Retirement funds are in crisis. You couple these conditions with the volatility in Europe, and add on the immigration issue over in Europe and here.

And the world seems to be on the verge of a massive reset. However, I don't think this is it. Not yet.

I believe this is just a correction. But here's the super good news for you: I'm always wrong on timing.

THE GLENN BECK PODCAST

Tulsi Gabbard Smashes LIES about Our Military & Conservatives | Ep 99

It's hard to put a label on former Democratic congresswoman and presidential candidate, Tulsi Gabbard. She has worked with Bernie Sanders but has also felt the fires of the Left and mainstream media for simply putting her love for this country above partisan politics. Lately, she has even sided with conservatives on issues from transgenderism to Big Tech censorship. But as much of the nation dives dangerously deep into partisan politics, Tulsi calls on Democrats to turn their talk of unity into action and joins Glenn to lead the way. Together, they ask who's defining "extremism," why are there still troops guarding the Capitol, and how long will we let our First Amendment be trampled on as Congress "bullies" conservative media outlets and the COVID-19 restrictions persist? And Tulsi shares her own experience in the military that shatters the far-left narrative that it's crawling with white supremacists.

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CONTROL FREAKS: The Great Reset Overlords Who Will Ru(i)n Your Life

"All rich countries should move to 100% synthetic beef. You can get used to the taste difference," said holy anointed billionaire Bill Gates. Green activism has been around for decades. But what used to be wacky has now worked its way into the world's power structure. You must believe the science. You cannot question the science.

The Texas power failure provided America with a disturbing and deadly preview of the Great Reset. But Bill Gates, AOC, and other Democrats say this only proves we need to enforce MORE green policies.

On his Wednesday night special this week, Glenn Beck reveals how deep the Great Reset tentacles reach into government and business to strangle freedom and their efforts to control every aspect of your private life.

Watch the full episode below:

Want more from Glenn Beck?

To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.

THE GLENN BECK PODCAST

Dr. Ben Carson's Prescription to Heal America | Ep 98

To the Left, "unity" means "destroy everyone we disagree with." But Dr. Ben Carson has another message: "We are not each other's enemies." As the Biden administration insists America is systemically racist, Dr. Carson's life proves just how far we've come. Despite facing poverty as a child, he became a renowned neurosurgeon, a candidate for president, and former secretary of Housing and Urban Development — one of the only Cabinet members to survive all four years of the Trump administration.

He joins Glenn to review his time in the administration, including as part of the White House's coronavirus task force, and how he discovered "the swamp is deeper and wider than I expected." But above all, he urges Americans to take courage and stand for our freedoms — and previews his newest venture to do just that as founder and chairman of the American Cornerstone Institute: "What version of America do we want?"

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Unmasking the OTHER Deadly Pandemic: What's Killing Our Kids

There is an all-out assault on the social fabric of our country. The kids are NOT all right. In the name of "progress," we're destroying their minds with Marxist lies. In the name of "safety," we're destroying their souls by keeping them locked down.

On his Glenn TV special this week, Glenn Beck takes on the national suicide that the Left is committing by destroying our culture and way of life and how it's also leading to actual suicide of our kids. Experts on the front lines expose how the lies of critical race theory are crippling our children's future and provide tools for parents to fight back.

Finally, Glenn hears from a parent who tragically lost his teen son, who took his own life due to COVID isolation. He has a powerful message for parents, teachers, and politicians who he says are failing our kids.

Watch the special in full below:

Want more from Glenn Beck?

To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.