Monday, December 01, 2008

A Sane Comment on the Market

The Dow Jones Industrial Average lost 679.95 today. The typical Barrystream Media response is that the market plummeted because news was released that said the economy has been in a recession since December 2007. Does that statement make any sense at all? Shit no. News referring to last December really has no impact upon today, only traditional dead-tree media has the temerity to think that it does. Those of us that receive our news when it is happening, including those folks that make their living with monetary investments, kinda keep up to date. To assume that the financial markets moved because of statements made about something that happened a year ago, are friggin' dumb, man.

"So, Two Dogs, why did the market go crazy today?"

Glad you asked, Kemosabe. It is because Barry Obama opened his moronic cakehole and proved yet again that he is a complete dumbass.

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