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Transcripts For CNNW Piers Morgan Tonight 20110811



this is piers morgan tonight. good evening. it s been another bad night on wall street. the dow closing 520 points totally erasing all of yesterday s gains. asian markets reacting as i speak to the plunge. europe will follow in a few hours. is market turmoil the new normal and what can you do to keep your money safe? joining us is leigh gallagher, ali velshi and kai ryssdal, and carmen wong ulrich. we ve seen record fall, record rises and record falls again. yet again i ask you, what the hell is going on? every day i get up very early. every day i think maybe piers can just run my answer from the night before. unfortunately every day it s a different reason. last week it was italy. on monday it was the s&p downgrade. then tuesday the market was up so i did actually go to sleep early and then today it s france of all things. these are catalysts. we re such a jittery market that any little thing sets it off. today it was rumor that france might get its credit rating d ....

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