Dow in the dump

This month the dow has tumbled DOWn like a train off a cliff with the occasional bounce on the way down. We have seen terrible losses that seem right out of the Great Depression. People wonder when our stock market will hit bottom. Last Wednesday, S&P500 fell 9% in a single day our biggest percentage loss since the meltdown of 1987. Today poor economic news is making a bad situation worse.

Selling is accelerating as people dump mutual funds and buy safes to store cash. Banks are talking about imposing restrictions on cash withdrawals. Also there is talk that the government might make private ownership of gold illegal again like they did during the Great Depression. Which makes sense because analysts see a widespread global depression that may take years to exit.