MONDAY, AUGUST 24, 2015

He Might Actually Tell You How Your IRA’s Doing

           Whistleblower Senior Business Editor Merrill Forbes says if you didn’t like what happened to your retirement account on Friday (when stocks were clobbered on Wall Street in a brutal finish to the worst week in the market in four years, the Dow Jones closing down 530 points, the ninth-biggest point decline in its history), you’ll probably really hate hearing what happened when the Market opened Monday Morning and U.S. equity markets sustained heavy losses at the start of trading as global-growth fears slammed traders across the world as the Great Fall of China sank U.S. Stocks. The Dow Jones Industrials dropped nearly 1,100 points at the opening bell but rebounded quickly, to between 550-650 points — a loss of 3.6%. Oil prices were also down, hitting a 6 1/2-year low. 

Meanwhile at The Whistleblower Newswire, we were busy trying to figure out what words we needed to use to describe the current carnage.  

Was this a “Collapse,” a “Crash,” or just a “Decline?”

 Was the Market in a “Decrease, was it “Descending,” or was this dip in a real “Dive?”

Should we call it a “Drop,” a “Fall,” or was it a real “Nose Dive?”

Could be we say it’s a “Plunge,” is it “Sinking,” “Skidding,” or is all of this just a “Temporary Tumble?”  

Then Merrill Forbes finally returned our call to tell us about the Monday Morning Market Meltdown.  “Whatever you do, don’t ‘Panic,’ ” he said. “It’s only a “Plummet!”

 Now Here’s What Was Happening This Morning At A Little Before 11 AM.