Financial mish-mosh
First off, did you know that the S&P 500 dropped 1235.05 points at one point this afternoon, hovering around 132?
Really! Let me show you:
I saw that little lovely this afternoon while waiting for the DJIA to close, and just wanted to pass it on. According to MSNBC’s little chart, it happened five times today! Whoo!
Of course, the reality, as shown by CNN, is much less exciting.
Methinks someone has some code issues with 2/29, frankly. Or code issues in general. It was pretty amazing to see, though! Even the most bearish of bears don’t think the markets will fall 99% in a day.
For those who are looking for a laugh, and a basic explanation of what’s causing the mortgage/financial mess, you need to take a look at The Subprime Primer (warning: many F-bombs!).
For some more amusement, Our Fearless Leader saying "I don’t think we’re headed to recession." As a few wags have put it, "He’s right! We’re not headed to a recession–we’re in one now!" I won’t inflict my many gloom-mongering links on you, but if you’re interested, just take a look at Calculated Risk or The Housing Bubble Blog in my blogroll to the left.
I need to add a finance or economy tag to my blog categories…
posted in News | 3 Comments
