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



COMMENTARY

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).

• VIDEO: Add S&P downgrade to a struggling economy, what do you get? Stocks in shock.
• Obama tries to calm jittery investors [after losing debt-ceiling stand off]
• Standard & Poor's downgrades US credit rating
  
  

President B.S. Obama is a "Savior Machine"

David Bowie (PROGNOSTICATION)

Redd Kross once had a new song. Only it wasn't new. It was David Bowie's "Saviour Machine." Move over, Nostradamus. It's as if Bowie had a psychic vision about our very own Barry Soetoro Obama, future leader of the un-free world.



"President Joe once had a dream. The world held his hand, gave their pledge. So he told them his scheme for a Savior Machine. They called it the [Obama Plan]. Its answer was law. Its logic [start]ed war, gave them food. How they adored till it cried in its boredom: 'Please don't believe in me! Please disagree with me! Life is too easy. A plague seems quite feasible now. Or maybe a war. Or I may kill you all!

"Don't let me stay, don't let me stay. My logic says burn, so send me away. Your minds are too green. I despise all I've seen. You can't stake your lives on a Savior Machine! I need you flying. And I'll show that dying is living beyond reason, sacred dimension of time. I perceive every sign. I can steal every mind! Don't let me stay, don't let me stay. My logic says burn, so send me away. Your minds are too green. I despise all I've seen. You can't stake your lives on a Savior Machine!'"



We voted Kucinich. But we were happy a biracial (gay, slightly Muslim, and almost certainly not a citizen) man won. It was considered impossible just a year before. "Change"? We should have known the bankers who funded him were not going to allow that. But who expected him to go to the right of Cheney/Bush, beating the Tea Party at its own game?

• Obama Caught in Gay, Drug, Murder Scandal