Tuesday, August 9, 2011

Dow drops 1,147 points. Is that a "crash"?

Ron Scherer (Christian Science Monitor, August 8, 2011)

The Dow has lost 9.13 percent of its value over three days of trading. It's bad, but investors have seen much worse in previous sell-offs. "Crash" versus "correction"?

NEW YORK - After Black Tuesday, Oct. 29, 1929, Variety declared “Wall Street lays an egg,” to describe a drop of 23 percent in the stock market over two days. In the stock market “crash” of 1987, the Dow Jones Industrial Average lost 22.6 percent of its value in one day. On Monday, the Dow dropped [9.13 percent and falling] 634.76 points to 10,809.85. Does the sharp decline qualify as a “crash” [or a “correction”]? More


Wisdom Quarterly

Call it what Tim Geithner or the Re-Elect Obama Committee likes. The sad truth is that it was done on purpose. Run to gold? Yes, if the only goal is to preserve wealth. Go to silver or palladium if a sustained profit is the goal. The mainstream news is only interested in misleading. But where to find anything resembling the truth about what is going on? INN World Report, SteveQuayle.com, DemocracyNow.org, EarthFiles.com, NaturalNews.com, InfoWars.com, and CoasttoCoastAM.com as a last resort when all we have left is a transistor radio and a candle assuming VOA and CIA radio does not hijack the airwaves outright. (They have already infiltrated every major market as it is).