Whoopee Cushions For Everyone!

When anyone sits down it emits a REAL Bronx cheer!
The FOMC voted unanimously to cut the federal funds target rate by 50 basis points to 1.0%. Wall Street greeted the second rate cut of the month with a giant fart. The Dow promptly dropped over 220 points. Then in an abrupt 180 degree turn not seen since at least Monday, the market rallied up 373 points. It looked like we'd have the second positive rally in as many days, when all of a sudden some fatass sat on the Whoopee Cushion and popped it with 12 minutes left in the trading day. The Dow dropped by 357 points. In 12 minutes. Which would be a shocking decline if it hadn't happened 130 of the last 131 days.


0 Comments:
Post a Comment
<< Home