Economic Roller Coaster

[bjarvis]

Yesterday, while the US markets were closed for the Martin Luther King Jr holiday, the world's stick stock markets tanked. Badly.

I swear, I take one day off work and the planet goes to hell.

This morning's market openings were hideous (the Dow off 384 points) but the Fed cut interest rates by 3/4 of a percentage, the largest single cut since 1984. The Dow has rebounded to being down "only" 158 points at the moment.

It's gonna be one of those years...

Comments

[bearfuz.livejournal.com]

Stick markets? I'm getting a visual here that may not be what you intended. ;-)

[bjarvis.livejournal.com]

Oops! Good catch, thanks.