Thursday, August 4, 2011

Down Came the Rain and Washed the Market Out

Dow Jones fell 512.76 points.  Really there isn't much else to say. Oh except that I hear that the ECB is a bucketload of idiots. Idiots.

Oh and I forgot that every other market also followed suit.  Nasdaq, FTSE, S&P, even Nikkei caught up once it opened there. Thank god we at least have gold. Wait, oh shit.

So yeah, apparently Wall Street doesn't care much about Washington bipartisanship and instead looks at monetary policy and growth rates. Good thing we have a jobs report coming out tomorrow and fortunately we saved the Job Creators from Job Killing Taxes with our Very Serious Deal.  I mean imagine if there was no growth in the last month or two; that would be embarrassing, and we might even lose another 500 points.   

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