The Dow Jones Industrial Average plunged almost 700 points on the market open in some of the most extreme volatilty yet seen. Prices have since rallied back to even, and a little bit of green, due no doubt to wild swings.
President Bush will be speaking this morning most likely to serve up a few more meaningless platitudes.
Intraday swings mean little if we judge by what has happened so far this week.
It will be all about the last hour of trading.
"You are the very cause of your ignorance, yourselves. You put away the light, yourselves; you first pluck out both your own eyes, yourselves; and after that other men’s too, so that the blind may lead the blind, until you both fall into the pit.”
Thomas More, The Sadness of Christ (Gethsemane), Tower of London, 1535