As one of those rich (if only) evil conservative fatcats who own stock, I’m anticipating that my portfolio will be considerably smaller when I wake up tomorrow morning. I’m going to ride this out and not jump into a panicked selling, but I think it will hurt in the short term. The irony here is that this weekend’s drop in world markets is as a result of our previous drops. The responsive drops will initiate a continued slide on Wall Street. It’s a cycle, or spiral, depending on how pessimistic you want to be.
See you on the other side of the drop.
Update:
QandO is writing late night prescriptions.
Michelle Malkin isn’t impressed with the fed’s quick fixes.
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