The Stock Market Can Eat a Dick

http://money.cnn.com/2009/03/02/markets/markets_newyork/index.htm

Cry you pig fuckers!

I have generally been deeply distrustful of the stock market, there was something about the idea of people spending money on "magic papers" in hopes that the "capital fairy" would visit them that seemed ultimately ludicrous and prone to whining. So today when I checked the news and saw the doom wire known as CNN laying a million shits. Apparently AIG explained that they have suffered a loss, arguably a nightmarish loss of billions of dollars, but still something you would kind of expect to happen when the worlds economy is grinding to a halt.



It's less that AIG is suffering that irks me, it's the stock market as a whole. You have a room filled with men and women representing other outside entities all running around screaming at the heavens, gnashing their teeth and panicking at the drop of a hat. Seriously, if you even glance at the economic forecasts it always reads the same, "Stocks tumble as wallstreet expresses fear over X." You can put anything you want in that spot, X could be anything from "Asteroid headed for Milwaukee" to "Gophers seen in White House lawn". Now the problem with the stock market is that when the investors and the crazies in the pit start to freak out on E and stop doing whatever voodoo they're there for the stocks tumble, which causes them to panic, which causes the stocks to tumble. Meanwhile, they also have a tendancy to want to sell certain ideas like "the world is ending, we can stop it if you just give us more Ameri-bucks!", but there are never enough Ameri-Bucks. We also have the White House beginning to move towards a consolidated "fuck you" to the sectors responsible, which are sectors closely linked to Wallstreet, which of course means that Wallstreet will hold the country ransom till they get more money, so they can then panic when things don't get better. Seriously, it's as though they have either no clue that things could be getting any worse, or lord help us they know and want to collect as much in cash before we all start battling it out in Thunderdome.