The Shemitah happens every 7 years.
It's and ancient agricultural law that applies to the financial relm. In the beginning it used for mostly farmers. They had to let the fields rest a year so 6 years of harvest then let them rest a year. In the modern day financial realm observant Jews have to pull all of their money out of the market in a Shemitah year. This usually hits big on the last day of the year called the "day of extraction" This year it hits on a Sunday 9/25 so I'm looking at Friday 9/23 for a selloff. BUT beware last Shemitah year it didn't happen, here anyway, but it did selloff in China big time, So I'm looking at China too this year.
2022 is a Shemitah year. The last one was 2015. Here's an old article about what was happening in the Chinese market.
China's stock market crash, explained
By Timothy B. Leetim@vox.com Jul 8, 2015, 7:52am EDT
China's stock market has been plunging over the past month, and the Chinese government is panicking. Over the past week it has employed a number of extraordinary measures to try to halt the market's slide, to little effect. On Wednesday, the benchmark Shanghai Composite index fell another 5.9 percent, bringing the market's total losses to 32 percent in less than a month.
China's current predicament bears some resemblance to the situation in the United States in 2007. Risky, poorly regulated financial investments have proliferated in China, creating the danger of a meltdown that spreads beyond the stock market to the broader Chinese economy. Yet China's stock market isn't as big, relative to the Chinese economy, as in developed countries, so the panic might not spread to the economy as a whole.
2007 was also a Shemitah year and the US market sold off.
The first Shmita year in the modern State of Israel was 1951–1952 (5712 in the Hebrew calendar). Subsequent Shmita years have been 1958–1959 (5719), 1965–1966 (5726), 1972–1973 (5733), 1979–1980 (5740), 1986–1987 (5747), 1993–1994 (5754), 2000–2001 (5761), 2007–2008 (5768), and 2014–2015 (5775).
my prior work on shemitah
(P.D.F. FILE) The Mystery of the Shemitah Updated Edition The 3 000-Year-Old Mystery That Holds the Secret of America
July 13, 2016,03:00am EDT
China's Stock Market Crash: One Year Later by Sara Hsu https://twitter.com/SaraHsuChina
In the few years leading up to 2015, China’s stock market had been viewed in an increasingly favorable light, less as a “casino,” and more as an important new area of financial growth. The stock market, however, burst on June 12, 2015, and sunk again on July 27 and August 24. Additional slumps occurred on January 4 and 7 and June 14, 2016.
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