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| Maybe one reason for the insanity is we have babies trading stocks? |
Boston - Back to reality and back down, Wall Street focused on the bleak landscape ahead for the economy Wednesday and wiped out its big gains from a day earlier — and then some. The Dow Jones industrial average closed down 519 points and has now lost more than 2,000 in less than three weeks. Swings of several hundred points in just minutes, accelerated by computerized trading, have become commonplace. This time, the selling was intensified by worries about in Europe. American bank stocks took hits because investors fretted that debt problems overseas might reach the United States. France came under pressure amid concerns that it could follow the U.S. and become the next country to lose its top AAA rating. The French president cut his vacation short and promised to slash the nation’s debts.
How about just don’t open the fucking stock market today? Just don’t fucking do it. Monday either for that matter…Let everything shake out for a few days, digest the cluster fuck of information that’s been thrown out there this past week, and then go back at it fresh on Tuesday, clear eyes, full hearts, can’t lose (am I using that right?).
The thing is, I’m tired of working until after 8 pm this week, it sucks. Just sitting in my cube trying to figure out what the hell went on during the day…it’s mind boggling to keep up with right now. Like one second Tuesday I’m getting ready for a depressing night, DOW down 250 and sinking, literally 18 minutes later it’s closing up 400…how the fuck am I supposed to react to that? How is that rational? Goddamnit!
So for the good of the country, and for my own personal sanity, just shut that shit down for a few days, lock the doors, don’t let the traders near computers, and lets figure this shit out together (frigen traders, flipping the switch from buy to sell depending on the direction of the cross wind, I blame those asshats for just about everything).
