Tuesday, July 5, 2016

September 30, 2016

The Bible talks about a seven year cycle of crop planting called the Shemitah or Shmita or Sabbath year.  "For six years you shall sow your land and gather in its yield, but the seventh year you shall let it rest and lie fallow." (Ex. 23:10-11).  These seven year cycles have recently been linked to stock market crashes.  Sept. 17, 2001 was Elul 29 on the Jewish calendar and the end of a seven year cycle and the Dow dropped 684 points.  September 29, 2008 was also Elul 29 and the stock market dropped 777 points.  The next 7 year cycle ended on September 13, 2015, and nothing happened on that day.

There is also a 50 year cycle called the Jubilee.  It is unclear whether it is part of the 49 year cycle or whether it is a separate 50th year following the 49 years.  But it seems to be a separate year.  "You shall consecrate the fiftieth year, and proclaim liberty throughout the land to all its inhabitants. It shall be a jubilee for you, when each of you shall return to his property and each of you shall return to his clan." (Lev. 25:10).

This Jubilee year ends on October 2, 2016, which is Elul 29.  This is a Sunday.  So the last business day of the Jubilee year is September 30, 2016. So I am predicting a stock market crash on that day.  Note that it is also the last day of the fiscal year that the U.S. government uses.

Disclaimer:  My track record on predictions is horrible.  I have been striking out every time.  Still, something to think about.

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