In response to recent queries, and for those just now reading their 401k statements and weeping, let's do a review, shall we?First, SEC Chair Chris Cox should be banned from the store. Yes, John McMaverick was right. For the proximate cause of the Market's recent 1500 point 3-week thrashing see here (from last month):
http://yogatrader.blogspot.com/2008/09/we-just-went-full-on-pakistan-style.html
For a broader exposition of the Market's 4500 point year long pantsing see here (from July):
http://yogatrader.blogspot.com/2008/07/warning-this-is-finance-post.html
Ugh!
Why, oh why can I not link here!? It's quite sad and making me melancholic, but I will keep working on it. In the meantime just fucking scroll backwards. Thanks. Keep it real.
(pic from www.stuffwhitepeoplelike.com -awesome)
