Caught this item from the New York Times “headline alert”:
February 8, 2010
“The Dow industrials were down 103.69 points, or 1 percent, at
9,908.54 at the closing bell. The Standard & Poor’s 500-stock
index and the Nasdaq were also lower for the day.
“Shares of financial firms posted the largest losses amid
worries that they could be hurt by huge deficits in countries
like Greece, Spain, and Portugal.”
Awwww, that’s a pity. But not to worry, they won’t suffer too much. Come time for another round of bonuses, them financial firms can always sidle up to Uncle Sucker and get another bailout check, thanks to us taxpayers. Gawd forbid they should shrink below the “too big to fail” size, huh?
Darn, but it’s hard not to develop a dislike for them Wall $treet fellers. Specially since they learned that “private” means they get to keep the money, and “public” means we get to keep dishing it up for ’em so they don’t lose their place at the trough.
UPDATE: August 24, 2016
Note that Dow Jones average, 9,908. Now its hovering around 15,000.
Holy escalation, Bat Man! But don't assume that's a 50% growth in
the American economy since 2010; that's just the Wall Street folks
staying ahead of inflation, while the rest of us suffer the shrinking
dollar and what our flat-line paychecks will buy.