Market Bloodbath – August 4th, 2011 Summed Up

TruthisTreason.net – Kevin Hayden

Source: Zero Hedge

The guys (and chick!) over at Zero Hedge summed up the business day in a short, sweet fashion -

The Dow is down more than 500. The S&P is down 60. The VIX surges 35% to 32 the highest since June 2010. Implied correlation surges to the highest since last summer. ES volume surges to the highest since the flash crash. Europe is opening in 12 hours. Margin debt is near record high levels, and mutual funds have record low cash. Liquidations galore. Did we miss anything?

Here are a few other links from the Drudge Report if you're bored…

DOW PLUMMETS 512…
OBAMA HAS BBQ COOKOUT…
GAINS FOR YEAR GONE…
‘CORRECTION'…
PANIC RIPS THROUGH GLOBAL MARKETS…
Intervention fails to quell nerves…
‘NOT SINCE JIMMY CARTER'…
Military money on chopping block…

Related posts:

1. Market Breaks As Stocks Explode To Celebrate Sub 2.9% 10 Year
2. Why “Things Are Getting Interesting” and What is Ailing the Market
3. TrimTabs: “No Amount Of QE Will Be Able to Keep the Current Stock Market Bubble From Bursting”