Dow down, but only by a bit. Gold off, but only by a touch. Oil lower too, but just by a smidge.
We don’t go in for daily numbers, Fellow Reckoner. They’re too volatile. Too capricious. Too whimsical. One minute, stocks are on an upward tear. The next they’re crashing down again. Then you take a step back and realize the chart you’re looking at tracks movements by the fractions of a point. It’s like watching footage from a tiny camera, strapped to the back of an ant…at an IMAX theatre. Comfortably navigable ground suddenly becomes a terrifying terrain of Himalayan proportions. Who needs the headache, the vertigo or the motion sickness?
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Is Facebook the Rusty Hinge of the Stock Market?
Yesterday, stocks bounced…just as they should have. After two weeks of falling, they were ready to bounce. Heck, even a dead congressman will bounce, if you drop him from high enough.
The Dow rose 135 points. Not very impressive, after so many down days.
Everything has been sinking… Stocks, commodities, oil…
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