Battles are everywhere in the stock indexes with a bear assault being waged on the value of the financial industry. The goofy cable business coverage may have to start hoping to catch someone jumping out of a window to increase their ratings since no one will be watching them much if the markets keep going down. These markets were stupid up for years with the same TV commentators telling everyone about the shortage of stock in the world and how low interest rates presented economies with little resistance. Now the same morons are in hysterics and helping to foster stupid down with a nothing will help view of every troubled industry. Some one slap these idiots.
The great business class of Wall Street and their voting supporters have created a piece of work, while unfortunate, is totally manageable. So now, whether we like it or not, we are a part of the swings of world markets and are going to have to price and speculate on the value of a piles of debts and assets with a huge trading machine created as a result of the evolution of financial connectivity. It is interesting that the same TV talent whose insight into the financial bungling of several large brokerage firms and their troubled counterparts have provided little insight into the sheer size of the world economy and what a small percentage of world wealth is actually represented in these unfortunate events. Re-price and move on.
