Market Watch with Tom Waitt

August_31st_2011.mp3 2011 Not 1929    The death of stocks has been greatly exaggerated. S&P/TSX Composite Index (Click For Larger Picture) Despite hurricanes, tornadoes, and floods. The downgrade of U.S. debt off it's AAA status , along with the political fallout of the U.S. debt ceiling which adds to recent distraught worries of unemployment, European unity, a bankrupt Greece. Mid East unrest and revolution, Oil supplies uncertainty, housing crisis, mortgage foreclosures, bank failures, too big to fail bailouts, Japanese earthquakes and tsunamis, nuclear meltdowns, Chinese accounting, Russian corruption and now ridiculous political wrangling as Democrats and Republicans prepare for Presidential elections in 2012. Many investors have been burnt in the recent market decline and many pundits talk of stocks crashing once again. In the 2000 to 2002 decline the Canadian stocks fell 50.2%. In the 2008 to 2009 decline the Toronto Stock Exchange fell 50.4%. So far in the 2011 turmoil