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Detailed text transcripts for TV channel - FOXNEWS - 20110804:23:07:00

back then, by the way. similar terms to today s drop but a represented quarter of the dow s value at the time, shep. he dove in, idn dove. in g.e. dove. in started buying back stock. we have yet to see that because all of this happened so quickly, so rapidly, but until you see that my advice, generally to folks is don t you be the brave one. have someone step ahead of you. shepard: as i mentioned, neil, the recent stock market drop of more than 10% puts us in a technical correction. is this the market s way of predicting our economy is headed back into a recession in a phrase if you could? i don t think so. i think we are in a correction. we are not quite at their market territory. the market, as much as i love it, isn t a great predicter though. shepard: watch for you 4:00 eastern on fox news channel. and then again at 6:00 p.m. on the fox business network just up the dial. the white house saying again today it does not think we are headed for a double dip recession it insists t

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