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Always, every time and without exception, the general media has predicted the end of the financial world, financial experts have pointed out the remarkable differences from the last correction, and investors everywhere have been encouraged to take their losses and sit on cash or gold until the smoke clears. Every time, the short sighted fear mongers have been wrong.
Many traders and investors are wondering if the the current European Union debt crisis is now the next Lehman Brothers type event for the global markets. Last week, the highly followed Dow Jones Industrial Average (DJIA) declined lower by 17.5 percent to 10,604.07 on August 9, 2011 from the May 2, 2011 high which was 12876.00 on the DJIA. Since the 10,604.07 low on the DJIA the highly...