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Monday, February 23, 2009

DJI Forgot To Extend Flaps

Left: Image from Sad Guys On Trading Floors.


Losing altitude fast! Pull up! Pull up!

Down to 1997 levels already (7,115 and in a nose dive)! It's like a Time Machine! Soon, we'll clear the dotcom cloud deck and be free-falling through the S&L layer.

What's that announcement over the intercom?:
"What started as a subprime mortgage crisis became a U.S. credit crisis, then a U.S. recession, and now we are in a full-fledged, globally synchronous recession of historic proportions," says Leo Grohowski, chief investment officer BNY Mellon Wealth Management in New York. "There are very few areas that have been insulated from the decline in earnings and in stock-price performance."
Grab the parachutes! Prepare the cash boxes under the bed!

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