Stocks dropped over 1000 points moments after opening, then went wild all day, finally closing down around 560 or so points.
These events have generated endless online chatter, as you can imagine. A lot of people are suddenly becoming more interested in preparedness, thinking, "So much to do and so little time!" There's a sense of urgency in the air.
I don't believe today necessarily ushered in the start of the next great depression (history will tell), but it certainly illustrates the kind of mad, rapid changes that can occur between one week and the next.
Which begs the question -- are you doing anything differently in light of the last few days' worth of volatility on Wall Street? Are you adopting a "wait and see" attitude or a "let's hurry up?" position?
(Husband of the boss addendum: I actually do think this is a sign of the coming depression. One of many signs. This "hiccup" had a cause and it wasn't just bad news from China. The equities market has become nearly severed from the real world due to fiat cash infusions, swaps that raise stock prices artificially, and the ever-bewildering and pretty much unregulated derivatives market.
Today wasn't the first sign. It won't be the last. But this I tell you true -- it's all coming down. Soon. No election will change it. No injection of additional monopoly money will stop it. Prepare. Please.
Now back to your regular and much prettier blog poster.)