market news

Dow is down ~350 points this afternoon at closing. Watching the tickers I see anecdotal evidence that the only stocks performing well during this particularly bad time are commodities and a few tech firms. I think the most interesting part about the current financial crisis is that analogies to primitive society can apply to the stock market today, even though it is so complex as to require a super computer to model it.

Basically, there’s a resource-grab going on. We’re running out of natural resource supplies that will match demand. On the other hand we are trying as best we can to avert crisis by coming up with alternative ways to generate energy (hence technology firms are doing slightly less poorly than manufacturing and retail). Interesting times ahead. I predict an official recession by October.

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