August 7, 2011

MARKETS: ‘Sunday Night, Pray’ and Other Thoughts From Traders.

UPDATE: A Wall Street reader emails:

For me, it’s Sunday night, DRINK. Like thousands of my colleagues around the world, I am sitting in front of markets screens when I should be with my family.

Is there a disaster? Not yet…a 2% drop in US stocks, interest rates twitching less than a tenth of a percent, and a tiny move
in the dollar, are nothing compared to the scenarios we’ve all wargamed over the weekend.

The ritual insults, er statements, by various monetary and govt authorities are parsed for anything non-obvious. Nothing there.

Time to pour a tall vodka, and chill out. There’ll be plenty of time to panic later.

There usually is.

Comments are closed.
InstaPundit is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.