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Normally, the markets would reflect this situation.  But they are so disconnected from reality, that even the sharp drops of the past months (and days!) are but small niggling fears in the background, against the reality that the system is broken.

I have found checking the market page at Bloomberg to be very useful in deconstructing financial media currently.  It is astounding what changes one finds over the course of an hour, as a lead story disappears after a few minutes because it upsets the market, to resurface on the back pages later on.  Then, as JaP sets here, a screenshot could be illuminating.  I wish i had documented some of the stories that hit the front page over the past few weeks as the markets were rebounding, and i was thinking, are these people completely without understanding or...

"Life shrinks or expands in proportion to one's courage." - Anaïs Nin

by Crazy Horse on Mon Mar 10th, 2008 at 05:37:01 PM EST
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