As in, Dow "Carnage" Jones, an old friend who made a glorious cameo today.
When I heard "irrationally exuberant" Nobel Prize winner Robert Shiller confess, "I'm still investing in the stock market," I knew something like this was coming although the healthy 300-point drop was still a bit of a surprise. Indeed, Shiller is a leader of indexes, if not men precisely, and when the leader roars, we mice press an ear to the cheese.
Earlier today, I kept squinting at the public screen to see if I was reading the lower right corner correctly, but, of course, that was mainly because my eyes are so poor from reading, writing, and grading papers. Anyway, I suspect we will see some more wacky new highs this year, but that's based on no concrete evidence I have access to as of this writing. And, it's not investment advice either. Haha. But it's not.
Maybe in closing I should note that at a 16K+ opening bell, today's 318-point drop was of less than 2 percent. That's bound to make everyone feel better about their lavish weekend plans.
Alex Kudera’s award-winning novel, Fight for Your Long Day (Atticus Books), was drafted in a walk-in closet during a summer in Seoul, South Korea. Auggie’s Revenge (Beating Windward Press) is his second novel. His numerous short stories include “Frade Killed Ellen” (Dutch Kills Press), “Bombing from Above” (Heavy Feather Review), and “A Thanksgiving” (Eclectica Magazine).
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