Even Economists Have a Sense of Humor
At The Big Picture, they’re making the best of what promises to be a scary ride on Wall Street today. Here’s a bit of their advice:
I assume that readers of this blog do not need to be told not to panic or do anything reckless. (Gee, where did those frothing uber-bull trolls in comments go?). If you want to gamble, use a tiny amount of cash to dabble in some long dated calls—but days like today are no reason to attempt any foolish heroics.
More importantly, they’re linking to this rare note of levity. Take a look, take a deep breath, and try to hold off on panicking. Well, at least until you find out just how far the market might plunge….