Nothing has spooked the markets. People like volatility. The bigger the range, the bigger the profit - or loss - potential.
Some people are sado-masochists - they like margin calls.
They'd like to be instant millionaires - or get burnt out with their mini accounts.
The rage and outpouring of grief and anger and frustration out on Wall Street is
a sign that people have lost hope - in their despair at not being able to find work, they are trying to seek justice - against what or from whom, God knows.
Better it would be for the institutions and the big folks to reassure the little people that their savings are safe, their pleas for refinancing on their debt-submerged housing will be sympathetically heard, and, come Christmas, they might even be trading places with the greedy bankers they so despise and yet wish to emulate. Humour, guys...the whole thing is a farce.
But there is a grain of truth in what I say.
Good humour and fun will win the day.
Everyone wants preservation of capital, creation of jobs, and security of housing.
Everywhere in the world.
So, be of good cheer, and ask for that.
And, who knows, by grace of God, as the kind rich folks listen, it shall be so.
Till next time.