WEB Notes: Many in the alternative media believe this is the market crash we have been talking about for years now. This is the biggest market swing we have seen since the 2008 down turn. I am sure you all remember those days. Up 500 down 500. It was an interesting time and it appears we are back there once again. The DJIA still has a long way to go so as for me I am staying reserved on the situation. As I said at the beginning of the week, this week will be very interesting and so far it has. Two days left, what will she do…
Source: Economic Collapse Blog | On Wednesday we witnessed the third largest single day point gain for the Dow Jones Industrial Average ever. That sounds like great news until you realize that the two largest were in October 2008 – right in the middle of the last financial crisis. This is a perfect example of what I wrote about yesterday. Every time the market crashes, there are huge up days, huge down days and giant waves of market momentum. Even though the Dow was up 619 points on Wednesday, overall we are still down more than 2,000 points from the peak of the market. During the weeks and months to come, we are going to see many more wild market swings, but the overall direction of the market will be down.
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