31 And he said unto them, Come ye yourselves apart into a desert place, and rest a while: for there were many coming and going, and they had no leisure so much as to eat.
On October 19 1987 (Exactly 33 Years Ago) We had a Church Camp at Gap Rest House , Foothill of Fraser Hill, Pahang State of Malaysia
Jesus often withdrew Himself to desert place or Mountain top to rest and pray.
Like a Car that needs to go for maintenance The Christian Worker must find time to come apart & rest or else he will break apart
May I illustrate
Once I drove a Volvo 940 Turbo. Being too busy I forget to service the car. Then one day while driving on the Free Way suddenly the Turbo gave way and out spewed thick black smoke. After that the Car lost much power. Not long the piston ring gave way & finally the engine stalled
How our Spiritual Power will be drained if we do not Come Apart like sending the Car for servicing
Message & Sharing Time in the Quietness of Gap Rest House
Reading the New Straight Times on October 19th 1987
What was the content?
- October 19
Stock markets have the largest-ever one-day crash on “Black Monday”
An August 1987 article in Time reported that the “current bull market is unlike any in the memory of the most seasoned stock traders: there has never been one that has whirled up so fast for so long with so little interruption. … To many brokers and investors, it is all getting rather scary. How long, they ask, can the market keep going up and up in a straight line?”
The bull market came to a crashing end that October. Between Oct. 2 and Oct. 16, the Dow fell 15 percent, culminating with a record 95.46-point drop on Oct. 14, a 57.61-point drop the following day and a new record-108.35-pont drop on the 16th, a Friday. The drops were blamed on the announcement of a larger-than-expected U.S. trade deficit on the 14th and an Iranian attack on a U.S. tanker in Kuwait.
Over the weekend, many analysts worried about what would happen when the market re-opened on Monday. Leo Melamed, former chairman of the Chicago Mercantile Exchange, recalls, “That weekend, the press carried a great deal of stories which in fact increased the fear of the participants that, in fact, there had been a signal and that everybody that was in the market, was thinking in terms of ‘Well, on Monday, I think I’ll take my profits.’ That weekend, I myself was scared of the headlines.”
On Monday, Oct. 19, the market crashed, as the Dow dropped 508 points, or 22.6 percent in value, both records. Foreign stock exchanges also posted massive losses. The day became known as “Black Monday.”
“The stock market’s incredible decline, analysts said, might have repercussions far beyond the immediate ones. The stock market has often portended economic declines,” wrote The New York Times. “What a decline such as has occurred may mean is hard to imagine.”
Despite fears of a recession, the stock market quickly rebounded. The Dow made record gains on Tuesday and again on Thursday. It closed 1987 higher than it had been at the start of the year, and reached its pre-Black Monday level just two years after the crash.
History News Network provides short explanations of common theories.
CNBC asked those who experienced the crash from Wall Street and Washington for their opinions on what caused the crash and whether it could happen again.