I don’t normally pay much attention to day-to-day movements in stock markets but the Asian markets this evening caught my eye. They’re off more than 3% as I write this.
Is this the week in which we see some real capitulation in the Dow and S&P? It wouldn’t be a big surprise. Somehow I get the sense that everyone is starting to say this is bad and it may be time to get out of Dodge.
Given the level of uncertainty about where all of this ends up maybe we’d be better off putting our money on the “come line” in Vegas. In fact, it might be of more help to the overall economy if we all just got on a plane and flew out there and started speculating on the craps tables.
At least it would be a lot more fun.