Wednesday, September 24, 2008

Be Mad. And Scared.

The stock market dithered around all day while avoiding the Apocalypse. I'm predicting that it will stay down for the week without some very good news. Short of finding $4 trillion in gold hidden under the floor of the Oval office, I can't imagine what good news there possibly could be. The federal government's $700 billion didn't seem to cheer anyone up. Warren Buffet threw $5 billion at Goldman Sachs to no obvious effect. It certainly won't help that the Treasury Secretary said today that average Americans "should be angry and... should be scared." That'll send the market up for sure.

Meanwhile, China prepares to do something that America will be incapable of doing in a little over a year: launch humans into space. The shuttle is scheduled to be decommissioned in 2010 and assuming everything goes according to plan, its replacement won't be ready until 2015. And we know that NASA projects never come in late. Or over budget.

So remember: Be Mad. Be Scared. Let's all put on our best, scared Grrrrr! face, forget about the vanishing value of our homes and retirement funds, and hit the mall!

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