Run To The Hills
If you were all wondering when would be a good time to head to the bomb shelter and wait it out, I’d say now. LATimes.com:
The stock market collapsed in the last hour of trading today, chopping almost 700 points off the Dow Jones industrial average as investors fretted that government measures to ease the worldwide credit crisis aren’t working.
The Dow plunged 678.91 points, or 7.3%, to close at 8,579.19. It was the seventh straight daily loss for the widely watched market gauge, which is now down almost 40% from its all-time high of 14,164.53 — reached exactly one year ago. Today was the first time the Dow closed below 9,000 since May 2003.
Not good news, by any means. But, the use of the word collapse in the description of the stock market is very telling. Learn what an MRE is and stock up on them people.
