When they sound the Tornado Siren, we go to the basement. Clowns go sit on the porch so they can get a good view. hohoho
>Much like the foreshock in a Silicon Valley earthquake, the current market volatility has been increasing day by day, month by month, since the beginning of the year. Record after record NASDAQ move has been recorded this year. What is nothing short of eerie is the action of the NASDAQ over the past two days compared to the action in the Dow just prior to the beginning of the plunge in 1929. We have highlighted the days in the table. Yesterday, the NASDAQ had an intra-day swing of close to 8% and closed down almost 7%. Today the intra-day was 13.7% and the close was a -1.8%. This is almost identical to the Dow in the days prior to the '29 crash. Will it happen again? Just stick around and we'll all find out. (Don't worry too much as today is nothing like '29. Back then we had no trade deficit, a positive savings rate, the public were not participants in the stock market broadly (remember, most were farmers and labor), debt as a percentage of household income was at much, much lower levels, and credit was not generally available in mass quantities to anyone with a
pulse. Lastly, and most importantly, we didn't have instantaneous decision making power via the Internet.) In the words of the immortal Dr. Evil, "quite interesting, really."
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