Subj: stock market has “Tha Vapors”
Oh, I had a day like this in college—having the Vapors, I dropped like a stone and was unconscious, just like the Market today. In my case, it was internal bleeding, and the case could be made that that is what is wrong with us today—internal bleeding for the US Economy.
‘Cept the Market, unlike moi, is populated by a bunch of “Multinationals,” so I am gonna agree with Rick Santelli, who I just heard on the radio. You know, the youngish Chicago trader who threw a hissy fit that got recorded and started the Tea Party Movement. (He’s Famous enough to get himself in Wikipeia. Atta boy, Chicago boy!!!) Well, on the radio today he said “It is 2008 in Europe today.” Which I thought was really cute. Remember 2008 here, when we all thought the economic world as we knew it was going to end? Europe’s politicos just tried to bail out Greece with a paltry amount of cash, and the Market is afraid that it’s not gonna work. Especially with Spain and Italy which are definitely “too big to fail.” There just ain’t enuf Euros to bail those 2 out if they turn turtle too. So you can sleep well tonight. Like in 1914 and 1939, it’s not Our Fault, it’s just those darn Europeans…
Things people are saying