What caused the summer of 2011 crash?

It see alot of stocks took a hit then. I wasn't invested in the market then so, I don't have have any correlations with world events to attribute it to. Just wondering what the media blamed it on, or what some of you think.

I always here the dot com phenom caused the dot com bubble at the turn of the century, and the Lehman Bros caused the 08-09 crash, and I also realize that 011 wasn't as severe and much shorter lived for most stocks.

I'd like to here from any old fogeys too that remember other not-so-memorable crashes, and would like to share their recollections. Thanks
 
Quote from Hoofhearted:
----stocks took a hit....
----world events to attribute it to.
----dot com bubble....
----Lehman Bros....
----old fogeys....
----recollections.
1) ?.....around the beginning of August-2011? That was known as "The Downgrade". :eek: :(
2) Don't ask me about "Tulip Mania" from the ~1690's nor the deflation of the "Mississippi Bubble" from ~1720. :cool: :p
 
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