US Stock Markets Crash and Burn
MarketOracle.co.uk
$2.6 trillion of wealth wiped out in three months, 25 percent of GDP, a 16 percent stock market collapse that looks to have much further to go. Bernanke would know this if his technical analysis staff would teach him how to read a Head & Shoulders pattern. But that isn’t in the Princeton economics text. A stock market crash is a decline of 15 percent or more within several months.
Well, we can now say we have seen a stock market crash over the past three months. More is coming .
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