The Situation in Washington is Mutual
Source:
Editorial Cartoon
Jimmy Margulies
The Record
September 29, 2008
Archive for September, 2008
The Situation in Washington is Mutual
Source:
Editorial Cartoon
Jimmy Margulies
The Record
September 29, 2008
Millionaire: Ah, the Good Old Days
I’m not ashamed to admit I played this game back in the day on my dad’s Apple II. To tell the truth, it was my favorite computer game, though I don’t think it did much to prepare me for a day like today.
Source:
The Funny and Money Monday Daily Links
Wall Street Fighter
September 28, 2008
Millionaire: Ah, the Good Old Days
I’m not ashamed to admit I played this game back in the day on my dad’s Apple II. To tell the truth, it was my favorite computer game, though I don’t think it did much to prepare me for a day like today.
Source:
The Funny and Money Monday Daily Links
Wall Street Fighter
September 28, 2008
777: Not So Lucky
Today’s 777 point drop for the Dow Jones Industrial Average was the largest single-day point decline in the long history of the index.
777: Not So Lucky
Today’s 777 point drop for the Dow Jones Industrial Average was the largest single-day point decline in the long history of the index.
"Where’s that money, you silly stupid old fool?" Part Deux
A theme I touched on a while back…
Source:
Editorial Cartoon
Robert Ariail
The State
September 29, 2008
"Where’s that money, you silly stupid old fool?" Part Deux
A theme I touched on a while back…
Source:
Editorial Cartoon
Robert Ariail
The State
September 29, 2008
Chart of the Day: HYSTERIC Panic
I noted on Friday the historic levels of panic in the marketplace over the past couple of weeks as witnessed by the ratio between the VIX and the 3-month T-Bill.
Well, today it is exploding still, dramatically higher. This only goes to reinforce the idea that what we are witnessing today is a once-in-a-lifetime financial scare.
UPDATE: With the failure of the Bailout Bill to pass in the House today we’ve seen a new, further spike in the ratio.
The chart below shows the ratio of the VIX to the yield on the 10-Year Treasury Note, now also showing an historic AND hysteric level of panic:
Chart of the Day: HYSTERIC Panic
I noted on Friday the historic levels of panic in the marketplace over the past couple of weeks as witnessed by the ratio between the VIX and the 3-month T-Bill.
Well, today it is exploding still, dramatically higher. This only goes to reinforce the idea that what we are witnessing today is a once-in-a-lifetime financial scare.
UPDATE: With the failure of the Bailout Bill to pass in the House today we’ve seen a new, further spike in the ratio.
The chart below shows the ratio of the VIX to the yield on the 10-Year Treasury Note, now also showing an historic AND hysteric level of panic:
