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Re: Dow drops to 5 year low
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Originally Posted by RevDWW
5600 +/- 200 points. Not being pessimistic, just trying to be a realist. The markets drop is not what we have to worry about, it's the Government meddling in the Banks, the Auto Industry, etc., etc., etc.
Some history I have read posits the idea that the Stock Market collapse of '29' did not cause the Great Depression it was Governmental intervention that caused it and kept it going longer than it should have.
Best to be prepared for the worst.
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I am very concerned about the government intervention. And with the lack of privacy because of the internet etc. In the wrong hands, things could be horrible.
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