Project for Philosophical Evaluations of the Economy |
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Circuit breakers
Bullet points on the present equity index gyrations, drafted and published on Oct. 25, 2008
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Bullet points on the present equity index gyrations, drafted and published on Oct. 25, 2008
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- Remember the wacky belief back in October 2007 that there would be a continuous linear growth in the
global market and that consequently the then all time high of the Dow Jones index would clearly be justified?
- Remember the extreme oil spike this year that had all of us believe that oil would soon hit the $200 per
barrel mark?
- Remember the roller coaster volatility swings that had traders recently go dizzy in their pits?
- Remember the scary patriot witch hunt that went on after the 9/11 terrorist attacks?
- Remember the intense Y2K-bug preparations that pretty much turned out to be a waste of time?
- Remember the whipped up national party frenzy in Germany that took place during the 2006 FIFA World
Cup?
- Remember the zany flocking to John Paul II’s televised funeral celebrations?
- Remember the hiatus in world wide stock trading when the verdict in the OJ Simpson trial was pronounced?
- Remember Tony Blair’s conviction as to the imminent nuclear attack threat that was being posed by
Saddam Hussein’s Iraq?
- Remember the casting, cooking and quiz show inflation that is still sucking in tv viewers right now?
- Remember the fainting teenagers at Robbie Williams’ concerts?
- Remember the springing up of Buddhist beauty temples in California?
- Question: If you remember these and other crazes do you then still believe that the current “limit-down” bull
market shows no signs of hysteric overshoot?
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