Wednesday, September 23, 2015
So, 15,000 On The Dow Is The New Panic Button
Fine, just fine. Nothing really changes all that much from the 16,500 benchmark, especially for any play money. Anyone who ran out will be creeping back in, but now the 15,000 level will be the new level above which any stupid trading or speculation will be acceptable to most folks. Yes, it is totally arbitrary. Yes, the functional difference for those people between a low of 16,500 and a low of 15,000 will be meaningless. Yes, those people need a reason to get into or out of the market, and numbers are comfortably real, even when they're not. Expect the calls to really pick up in a coupla weeks...Olds with too much exposure to the market...Not-so-olds with not enough unless they want to be out completely and buy teabagger gold which makes almost as much sense as...You volunteered for this shit...Good luck with that.
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