Monday, August 24, 2015

China Sneezes - The Stock Markets Get Pneumonia

This Huffpost Business article reports the Dow, Standard and Poor's and the Nasdaq were off 4.1%, 4.2% and 4.4% respectively in early trading Monday in response to a sharp drop on the China index which fell 8.5%.

Anyone following the roller coaster of high finance and stock markets may or may not come to the conclusion it is not a very stable place to play which begs the question of just how stable our financial systems really are these days? The stock market IMHO is more like a craps table in Vegas than anything else these days, and since 2008 I really wonder if anyone knows what they are doing.

And that is why I keep my money in a sock, in a Mayo jar, buried in my back yard.

allvoices

1 comment:

  1. What part of back yard - please?

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