7/25/11

What's the word for this Blue Monday?

Debt-Limit Debate: Wall Street Might Freak Out Today - The Daily Beast: "The D.C. debt debacle has the markets poised to plunge today. Zachary Karabell on how it might require a Wall Street mini-crash to prompt action—and why the U.S. would lose anyway."

Who knows. This is the reason I extricated myself from the market some time ago. It was on the basis of wingnut analysis, a financial metric that has not yet found its way into the lexicon. If the market tanks today, it will.

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