Relax, it's bullshit.
The drop in the DOW was a breathtaking 1.5%. Putting that into a Germanwings context, at that rate of a nosedive the aircraft will run out of fuel before it hits a mountain.
As to the global nosedive, the biggest drop anywhere was 2.6%.
There is no personal financial interest in Wall Street as it's the writing that amuses me. Anyone savvy enough to be doing any serious trading is hardly going to break a major sweat over a 1.5% change so who is the audience for this article.
Seems to me the author, PurpleIsSoHot MacNamara, wasn't writing it for anyone with any savvy but rather for those without. Keep on terrifying them with that global financial meltdown (words PurpleIsSoHot would use). (CNN: Dow tumbles 279 points as stocks nosedive globally)
Meanwhile I see the GOP Clown Car is going to have to expand to a GOP Clown Greyhound Bus. They have more candidates than Harlem has Globetrotters ... but the difference is the Globetrotters have a talent. To amuse yourself try to find a GOP candidate who was a governor and who did not run up a deficit in his state. Tip: you won't find one.
Hat tip to Elon Musk for progressivism in a world that hates it. The media comes close to ridicule in covering the last failed landing but being critiqued by people who were challenged by high school science is not important. That soft landing nearly worked and that was more by luck than judgment but it wasn't going that fast when it contacted the landing platform. It toppled because the last part of the descent was raggedy but it was damn close.
Once the man has a reusable booster returning home to base, he's got the future of rocketry in his hands, just like Delos D Harriman, the Man Who Sold the Moon. Heinlein predicted this in the 50's.
According to the big rocket teams, the most expensive part of a rocket launch is the primary booster. Musk is extremely close to getting a truly reusable booster landed and in position for an extremely quick turnaround for flight. The economy of this will be a revolution as no-one else can do it. The guidance system alone is magnificent as both times his boosters have come back to the platform and the rocketry and mathematics in that stunt must be spectacular to behold. The exceptional part of this model is that it scales up to as big a design for a booster as Musk chooses to build, the concept will work the same for any of them.
Boeing is trying to be the Big Dawg but they work with Lockheed Martin and the plan is to catch their boosters in mid-air. It will probably work at least some of the time but it's so Rube Goldberg, it doesn't scale, and sooner or later something will crash from it. Musk said anything with a twenty square mile landing zone isn't landing but crashing and, hey, what else would you call it.
The drop in the DOW was a breathtaking 1.5%. Putting that into a Germanwings context, at that rate of a nosedive the aircraft will run out of fuel before it hits a mountain.
As to the global nosedive, the biggest drop anywhere was 2.6%.
There is no personal financial interest in Wall Street as it's the writing that amuses me. Anyone savvy enough to be doing any serious trading is hardly going to break a major sweat over a 1.5% change so who is the audience for this article.
Seems to me the author, PurpleIsSoHot MacNamara, wasn't writing it for anyone with any savvy but rather for those without. Keep on terrifying them with that global financial meltdown (words PurpleIsSoHot would use). (CNN: Dow tumbles 279 points as stocks nosedive globally)
Meanwhile I see the GOP Clown Car is going to have to expand to a GOP Clown Greyhound Bus. They have more candidates than Harlem has Globetrotters ... but the difference is the Globetrotters have a talent. To amuse yourself try to find a GOP candidate who was a governor and who did not run up a deficit in his state. Tip: you won't find one.
Hat tip to Elon Musk for progressivism in a world that hates it. The media comes close to ridicule in covering the last failed landing but being critiqued by people who were challenged by high school science is not important. That soft landing nearly worked and that was more by luck than judgment but it wasn't going that fast when it contacted the landing platform. It toppled because the last part of the descent was raggedy but it was damn close.
Once the man has a reusable booster returning home to base, he's got the future of rocketry in his hands, just like Delos D Harriman, the Man Who Sold the Moon. Heinlein predicted this in the 50's.
According to the big rocket teams, the most expensive part of a rocket launch is the primary booster. Musk is extremely close to getting a truly reusable booster landed and in position for an extremely quick turnaround for flight. The economy of this will be a revolution as no-one else can do it. The guidance system alone is magnificent as both times his boosters have come back to the platform and the rocketry and mathematics in that stunt must be spectacular to behold. The exceptional part of this model is that it scales up to as big a design for a booster as Musk chooses to build, the concept will work the same for any of them.
Boeing is trying to be the Big Dawg but they work with Lockheed Martin and the plan is to catch their boosters in mid-air. It will probably work at least some of the time but it's so Rube Goldberg, it doesn't scale, and sooner or later something will crash from it. Musk said anything with a twenty square mile landing zone isn't landing but crashing and, hey, what else would you call it.
2 comments:
1.5% drop move in the market is hardly BS. While it is not reason to be very worried. The market is on about an 500 point trading range. The writer uses the same trite reasons for the move. None really understands what moves the market.
Even Buffet doesnt, he just picks poorly run undervalued companies and gets them fixed.
But it could be the trigger for a correction since the market can not find a reason to stay in the18's this is more likely than pushing through to a new high. That move was more likely caused by profit taking ahead if that correction. I know that was my move. Maybe I miss a 3% movevto the upside but avaid a 10% correction
It was wording like tumbling and global nosedive that got my attention as all I think after that is, come on (ela! ela! in Greek - they say it so good), could we at least try to get a little perspective. I'm not sure if I'm talking to Lotho or Kannafoot but it's cool either way as I imagine you two would have quite the interesting conversation, not that anyone else would but you two would have fun with it and yer price/earnings and yer hog futures and whew. He definitely talks your language and he seems to be good at it. No idea who's the big dog but both of you are over my head with it.
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