To give some perspective on where the markets are at the moment, the last time the Dow Jones Industrial Index S&P 500 was at this level, Athena was a gamete (two, actually). I clicked over late in the day to see where the stocks were, saw they were down 400 points, and actually yelled “Oh, come on,” at the computer screen. I mean, Christ. How many 400-point-drop days does the Dow have left in it at this point?
(Yes, yes. 18. I have a calculator too, you know.)
As I’ve noted before, we’re relatively well-insulated from the bad news going down at the moment, thanks to combination of limited stock exposure, low debt and significant savings. But it doesn’t mean I don’t worry. You don’t have to have the wolf at your own door to worry about the sudden increase in wolves stalking about. It’s not just the markets, of course. It’s everything else as well. And of course, it’s not as if all of this doesn’t have an effect on my own industry; if you want see what intellectual panic looks like these days, go to a bar near a publishing house. Gruesome.
I think I’ll skip watching the stock market tomorrow.