Wednesday, September 21, 2011

Ben speaketh, the markets tumbleth

You can see from the graphs and charts that stocks went over the cliff along about 2:30.

8 comments:

  1. Never heard a peep from you when the market was rallying earlier this month and late last month with the best run in years. Tomorrow they will go up again. Do you really trust the market?

    ReplyDelete
  2. When the markets fall that dramatically immediately after the conclusion of remarks by the Fed chairman in which he says his organization is going to try this "Operation Twist" business that has never worked before, wee can safely assume there's a direct correlation.
    When the DJIA, S&P 500 and Nasdaq have gone up in recent weeks, it's generally been attributed to hope against hope that the EU has found a way out of its financial crisis.

    ReplyDelete
  3. And the huge plunge back in '08, what was that caused by that a Republican wasn't responsible for?

    ReplyDelete
  4. We took 75% of our retirement savings out of this volatile and untrustworthy market around 6 months ago.

    ReplyDelete
  5. Reagan appointee Greenspan kept the markets pretty lubed up, didn't he, kind of like how a rock star affects a groupie and now the ire's directed at Obama over Bush appointee Greenspan's rape fantasy. The Sky is Falling, The Sky is Falling! The Freedom Haters did it, the Freedom Haters Did it!!!!!

    ReplyDelete
  6. Ben Bernanke, you're no Alan Greenspan...er, substitute Bernanke for that 2nd Greenspan up there.

    ReplyDelete
  7. The big dive of 08 was caused by the simultaneous near-collapse of several banks, investment firms and car companies.

    ReplyDelete
  8. And we will be debating the causes and effects on unto our dotages, although I am certain you are certain.

    ReplyDelete