Worldwide Wipeout

[NeoTheo]

Source: Market Watch

The scene in Europe is as ugly as that in Asia. Selling is across the board, from utilities to miners. The yen is up against virtually rivals.

Stocks crushed from Tokyo to London, gold climbs over $40 an ounce




Read more: http://www.marketwatch.com/

[trthnd4jstc]

1. So the Rich are leaving Stocks and going to government bonds.

This is a loss of confidence in their capitalism. I wish to live in a world of brotherhood and sisterhood. That is called, boo hiss, socialism. Maybe governments need to buy stocks in some companies to help keep stock prices up. I hate capitalism. It is such a weak system, and it victimizes the majority, and only assists a small minority.

[NeoTheo]

2. Normally, when equities get into trouble

that is what investors do, but in this case they may still get screwed as we haven't seen the bankruptcy's start yet and in those creditors come first for any payouts before bond holders