texans20
Johama McBama 08
Premium
join:2002-09-28
Texas!
clubs:
| reply to Rick
Re: Stock Market Crashing...down 330 points right now
The Crash of 1929 saw a drop of 12.8% in one day, and 23% over two days of trading. The Crash of 1987 saw a drop of 22.6% in one day. Right now, the Dow is down only about 2.1%, far from the other crashes.
Now, the crash of 1987 saw a similar drop on Thursday and Friday before what became Black Monday, so tomorrow will be a day to keep an eye on. If we see another drop of 2-3% tomorrow, and nothing happens over the weekend to ease investor fears, we might see a big drop on Monday.
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The true patriot is motivated by a sense of responsibility, and out of self interest -- for himself, his family, and the future of his country -- to resist government abuse of power. He rejects the notion that patriotism means obedience to the state. |
