Have you heard journalists and commentators using the term "market crash?" Neither have we, and we wonder why not given the facts. Reuters reports today that British "blue-chips slumped ... as
investors bailed out of financials and oils and fretted over the
outlook for firms like Canary Wharf and Reuters. Heavyweight banks,
insurers and pension funds -- formerly
prime supporters of equities -- sold each others' stocks to move
deeper into the safety of cash and bonds, while oil giant BP sagged after a
downgrade of oil companies.