I know, The Dow fell 635 points, wiping out five and one-half per cent of all wealth invested in our 30 creme de la creme industries. Actually, things aren't quite that rosy. The broader NASDQ and S&P (Boo!) 500 declined even more.
As our president told us early this afternoon, this is mean and unfair, the spawn of unreasoning fear, panic, He calmly laid out the challenges we face and drew the new road map to prosperity. (It got a little hazy, but I think his route went through Spendmore, NY; Taxarichies, CA; Upper Regulation, NJ; and Pixie Dust, CT.)
There's little doubt that His Obamaness, Secretary Geithner, Chairman Bernanke and key leaders of our congress will be in serious discussions tonight . They will produce plans. They will tell us about how their calm and dispassionate -- "adult," if you please -- decisions have lighted our path.
In other words, expect the Dow to slip another few hundred points tomorrow. If there's anything worse than panic and terror, it is the carefully thought-out decisions of the politicians we've been electing for the past few decades.
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