“You know, capitalism and free trade generally make a lot of sense. But our current method of allocating capital–Wall Street being the big mover in that process–keeps finding new ways to make itself look dangerously insane.”
– Joel Mathis on the terrifying 1,000-point Dow drop Thursday afternoon. Business analysts still aren’t quite sure how it happened, despite talk of a typo being to blame.
Via The Atlantic Wire.
Globalmitch 