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econogeddon

Nervous Markets Plunge on Fears of Well, Everything

The stock market is as nervous as a Victorian hysteric. Anything can set it off! Today, the Dow plunged under 10,000 as investors fretted over Europe, tensions between North Korea and South Korea, and even the sheer freakishness of the fact that the global economy seems to be growing and functioning, even though it has been largely acknowledged that the entire thing is made up entirely of copious amounts of smoke and very large mirrors. "What we have going on here is a growth scare," Mark Stern, chief investment officer at Bessemer Investment Management, told the Journal. Someone get the market its smelling salts!

Wall Street Tumbles Along With Europe and Asia [NYT]

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