WALL STREET JOURNAL "BAFFLED" BY MARKET DROP;
THERE'S AN INFORMATION CRISIS INSIDE THE CRISIS
How Can We Find The Truth about Tanking Markets?
By Danny Schechter
Director, Plunder The Crime Of Our Time
The Wall Street Journal headline on the day after we almost lost the market reported that the wise men on the Street were "baffled" by the big drop Thursday. The Financial Times called the event "Shambolic" as if only a shaman can decode it.
A week after CNBC assured its high net worth viewers that Greece would no longer be a problem, there was an uprising there followed by a volcanic market cliff dive that the White House, NASDQ and every regulator is now investigating.
There is still a lot of head scratching, as if to say, how come our casino went batty? It all happened in a couple of minutes, the time it took for that fail-safe state of the a top of the line, secure, and unsinkable oil platform to sink.
The whole world of finance couldn't believe what was happening before its eyes and so quickly.