The Washington Independent

Tuesday, May 29th, 2012

Posts Tagged stock market meltdown

Dow Jones Crosses Intrinsically Meaningless Milestone

By | 04.09.10 | 5:30 pm

Investors, rejoice! The Dow Jones Industrial Average has crossed the 11,000 mark for the first time since September 26, 2008. The news has caused much breathlessness in a financial blogosphere hungry for good news. But, to throw some cold water on the situation, the number 11,000 More…

The Great Unwind

By | 10.10.08 | 6:00 am

In “The Arabian Nights,” the beautiful princess Scheherazade buys one day of life at a time by recounting fantastic fables that entrance the king, who has condemned her to die. Investors and traders are currently telling each other fairy tales to buy one day at a time to stave off More…