Ellen Brown, Truthout: "What just happened in the stock market? Last week, the Dow Jones Industrial Average rose or fell by at least 400 points for four straight days, a stock market first. The worst drop was on Monday, August 8, 2011, when the Dow plunged 624 points. Monday was the first day of trading after US Treasury bonds were downgraded from AAA to AA+ by Standard & Poor's (S&P). But the roller coaster actually began on Tuesday, August 2, 2011, the day after the last-minute deal to raise the US debt ceiling - a deal that was supposed to avoid the downgrade that happened anyway five days later."
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