Most Wall Street traders have probably seen this stock photo of the Dow Jones plunging 777 points back during the darkest days of the financial crisis...
... but what many may not recall is what prompted this then-near record drop.
The answer - it was the Sept 29, 2008 failure of the first TARP measure to pass Congress, which sparked concerns that the entire financial system could soon collapse (it eventually did pass, sparking the longest artificial, central bank-backstopped bull market in history)
read that part a couple times till it sinks in!!!!!
http://www.zerohedge.com/markets/what-happened-sept-29-2008?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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