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

[dr-scott.livejournal.com]

It's really your fault. Your work on IT systems for a company deeply involved in the subprime mortgage crisis contributed to stealing the food from poor children's mouths.

[channeling the spirit of the campaign debates!]

[bjarvis.livejournal.com]

Yes, it's all part of my evil plan! Now fetch me a chocolate sundae *NOW* or I'll unveil still more portfolio write-downs! Bwahahahaha!

And be sure that sundae has walnuts, not cheap-ass unsalted peanuts.