The Iron Yuppie

Thought[ful|less] coverage of news, politics, technology and anything else that catches my fancy.

Wednesday, October 08, 2008

Dow To Zero?!?

Dow Jones Falls to Zero in Six Weeks?

I don't know why anyone would make a statement like this except in jest. I read, based on the rest of his blog posting, that there's more to this guy than just this post, but it still seems pretty bad. Especially in that I found it through Steve Rubel, who didn't caveat the statement above with anything more than "unlikely." Twitter is like a giant game of telephone.

BTW, the failure of this logic is assuming that current trends will continue. My son, who is currently 14 months old is 29 inches tall and 24 lbs. If I start at his birth weight, and graph out his growth, he would by nearly a mile tall and 3.5 billion tons by the time he's thirty. This is not unlikely. This will not happen. Period.

D

posted by Iron Yuppie # 10/08/2008 09:26:00 AM

Comments:

As my post noted, I said "I don't think so". The comment was made totally in jest to show how irrational this market decline has become. Anyone that is investing that thinks the Dow can fall to zero in 19 days should not be invested in stocks or should have a professional money manager handling their wealth. I am sorry you thought my post was serious--it was meant for some levity in this market environment.

Regards,
David

# posted by

David Templeton, CFA : October 08, 2008 5:41 PM

Actually, it wasn't even your comment that I meant to focus on... Steve Rubel

# posted by

Iron Yuppie : October 16, 2008 11:08 AM

erm, hit that too fast... I meant Steve Rubel had a tweet that made him seem like he believed it to be real. That's what I wanted to avoid.

# posted by

Iron Yuppie : October 16, 2008 11:09 AM

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