Dow closes down over 600 pts after S&P US credit downgrade

Posted By on August 8, 2011

gbwater110808

Oh to have had the wisdom of a Glenn Beck … and have listened to his analysis of how foolish it was to have believed in an economic recovery? He continued to recommend investing in gold as a safe haven from the upcoming financial meltdown. Of course one would think that as someone who watched his history lessons and nodded in agreement over his view that the borrowing and spending our government continued to do would eventually catch up with us. Today (and last week) it obviously did.

sandp500heatmap110808

In looking at a sea of red heat map of the S&P 500, there weren’t many safe places to park money today … except gold (up over $1700 and futures even higher).

dowmarketclose110808

Comments

Desultory - des-uhl-tawr-ee, -tohr-ee

  1. lacking in consistency, constancy, or visible order, disconnected; fitful: desultory conversation.
  2. digressing from or unconnected with the main subject; random: a desultory remark.
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