http://www.marketwatch.com/news/story/us-stocks-plunge-worst-june/story.aspx?guid=%7BD2B0CDC8%2D4960%2D45F2%2D87E5%2D8BA7DE058EFF%7D
U.S. MARKETS
Dow's June worst since Depression
358-point plunge sends Dow to its worst June so far since 1930, and lowest close since Sept. 11, 2006.
 

Social Security: Public Health nursing made available through child welfare services
(FDR Library)


And we are still globalized.

Asian indexes
 
Shanghai    -5.3%
Mumbai       -4.1%
Taiwan        -3.4%
Tokyo          -2%
Seoul          -1.9%
Hong Kong  -1.8%
Sydney        -1.4%
Singapore    -1.3%


""One thing is for certain, if crude continues to rally, stocks are dead," said Dale Doelling, chief market technician at Trends In Commodities.

"If stocks have another day like this tomorrow, then the fallout next week could include government intervention in the markets," said Doelling."

These folks are in a serious conflict of interest (most of their money is now in the commodities - you guess right - oil!)

trudy not going to bail us out at all. The market is correcting and its long overdue. Real market value is only around 9,000 points or slightly less. The stocks are not worth the price that the market is at now. These big corporations will lose more money and eventually have to lower prices so those of us who can least afford anything might be able to buy something once in awhile and find it cost prohibitive to have their wares overseas as shipping it back is now very expensive. So they can't raise the prices on imported things they make in other countries - no one here will have money to buy it. So they're "stuck between a rock and a hard place" (a Rolling Stones song).

http://www.halcyon.com/piglet/Populism.htm


.

"The Wonderful Wizard of Oz is one of America's favorite pieces of juvenile literature. Children like it because it is a good story, full of fun characters and exciting adventures. Adults--especially those of us in history and related fields--like it because we can read between L. Frank Baum's lines and see various images of the United States at the turn of the century. That has been true since 1964, when American Quarterly published Henry M. Littlefield's "The Wizard of Oz: Parable on Populism." Littlefield described all sorts of hidden meanings and allusions to Gilded Age society in The Wonderful Wizard of Oz: the wicked Witch of the East represented eastern industrialists and bankers who controlled the people (the Munchkins); the Scarecrow was the wise but naive western farmer; the Tin Woodman stood for the dehumanized industrial worker; the Cowardly Lion was William Jennings Bryan, Populist presidential candidate in 1896; the Yellow Brick Road, with all its dangers, was the gold standard; Dorothy's silver slippers (Judy Garland's were ruby red, but Baum originally made them silver) represented the Populists' solution to the nation's economic woes ("the free and unlimited coinage of silver"); Emerald City was Washington, D.C.; the Wizard, "a little bumbling old man, hiding behind a facade of paper mache and noise, . . . able to be everything to everybody," was any of the Gilded Age presidents.(1)

The Wonderful Wizard of Oz was no longer an innocent fairy tale. According to Littlefield, Baum, a reform-minded Democrat who supported William Jennings Bryan's pro-silver candidacy, wrote the book as a parable of the Populists, an allegory of their failed efforts to reform the nation in 1896. "Baum never allowed the consistency of the allegory to take precedence over the theme of youthful entertainment," Littlefield hedged at one point; "the allegory always remains in a minor key." Still, he concluded that "the relationships and analogies outlined above . . . are far too consistent to be coincidental."(2)

It was an interesting notion, one scholars could not leave alone, and they soon began to find additional correspondences between Populism and The Wonderful Wizard of Oz. Richard Jensen, in a 1971 study of Midwestern politics and culture, devoted two pages to Baum's story. He implicitly qualified Littlefield by pointing out that not all pro-Bryan silverites were Populists. But Jensen then proceeded to add two new points to the standard Littlefield interpretation, finding analogies for Toto and Oz itself: Dorothy's faithful dog represented the teetotaling Prohibitionists, an important part of the silverite coalition, and anyone familiar with the silverites' slogan "16 to 1"--that is, the ratio of sixteen ounces of silver to one ounce of gold--would have instantly recognized "Oz" as the abbreviation for "ounce."

A few years later, literary scholar Brian Attebery wrote that "it is too much to say . . . that The Wizard is a 'Parable on Populism,' but it does share many of the Populist concerns and biases." Like Jensen, Attebery cautioned against an uncritical acceptance of Littlefield; and again like Jensen, he went on to suggest an analogy of his own: "Dorothy, bold, resourceful, leading the men around her toward success, is a juvenile Mary Lease, the Kansas firebrand who told her neighbors to raise less corn and more hell."............"

Might be on the backs of us people but we're tapped out, no blood from these turnips to be had, nada, zilch, nothing. Don't know where they think they're going to get money from? The fed only has a limited amount to shell out and from what I've read they have spent just about half of that now. When the deratives start to fail, just a matter of time, then the sheet will really hit the fan and hope that all of you have managed to get your houses in order to be able to weather the downturn thats a comin'.

I was looking for sites to check the condition of banks and credit unions.  Don't know how good this one is.

http://www.bankrate.com/brm/safesound/ss_home.asp