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.
"'I beg you, father, send Lazarus to my family, for I have five brothers. Let him warn them, so that they will not also come to this place of torment.’ Abraham replied, ‘They have Moses and the Prophets; let them listen to them.’ No, father Abraham,’ the rich man said, ‘but if someone from the dead appears to them, they will repent.’ And Abraham said, ‘If they do not listen to Moses and the Prophets, they will not change and repent, even if someone were to rise from the dead.’” Luke 16:27-31