The stock market ‘genius’
Posted on October 16, 2008
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Heh, no sooner did I ask if it was safe to come up, but the market dived another 700+ points, and it’s off more than 300 this morning. According to pundits this is because a. now that we’re past the bank meltdown, people have noticed a recession may be in the works, and b. “the sound of hedge funds imploding” - hedge and other funds liquidating positions to raise cash.Oh well, I really don’t want to be retired, anyway…
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