Let's call it the 'Pelosi Plunge'
- Tuesday, February 27 2007 @ 02:23 PM CST
- Contributed by: filbert
- Views: 2,370
Re: today's stock market selloff--we might as well blame the new sheriff in town . . . Nancy Pelosi.
So, in honor of the Democrats' craven spineless opportunistic policies on, well, everything, I dub this little stock market move:
The Pelosi Plunge.
UPDATE: So, what's happening? Apparently, the trouble started in the Shanghai market, over concerns that the Chinese government will hit the brakes by raising interest rates and/or reducing the money supply in China. That was the first domino to fall.
What's curious is the 200-point drop in the U.S. markets at 3 pm EST. Somebody kicked in a bigtime sell program. Who, and why, we're yet to find out.
UPDATE 2: Apparently, the 200-point drop was due to Dow Jones' computers melting down due to the volume of trades. Probably no conspiracy theory there.
So, in honor of the Democrats' craven spineless opportunistic policies on, well, everything, I dub this little stock market move:
The Pelosi Plunge.
UPDATE: So, what's happening? Apparently, the trouble started in the Shanghai market, over concerns that the Chinese government will hit the brakes by raising interest rates and/or reducing the money supply in China. That was the first domino to fall.
What's curious is the 200-point drop in the U.S. markets at 3 pm EST. Somebody kicked in a bigtime sell program. Who, and why, we're yet to find out.
UPDATE 2: Apparently, the 200-point drop was due to Dow Jones' computers melting down due to the volume of trades. Probably no conspiracy theory there.