Well, the current state of the global financial markets is
certainly interesting. I mean, you have to be a bit sick in the
head, but if you think about it the right way, it really is
“interesting” — sort of like, oo-wee, look, the
girl in the cute leotard is falling off the tightrope,
there’s no net, and she’s going to go
“splat” when she hits that pavement. How interesting!
And check it out, the circus animals have gone berserk — the
tigers are tearing the trainer into bloody shreds, the elephants
are stampeding, the tent might very well collapse, maybe
we’re doomed, and look at those clowns – they’re
still smiling. How deliciously interesting!
Actually, I take it back — it is not in the least bit
interesting. It is terrifying. Despite early attempts by the
smiling clowns of the nation’s media and regulatory apparatus
to portray the dramatic market collapse of May 6 as mere
happenstance, it is now clear that this unprecedented event was no
“fat finger” accident. It was not a “black
swan” that appeared out of nowhere. And more than likely, it
was not some anomalous but innocent trade that triggered a
run-of-the-mill panic. What it was, exactly, nobody seems able to
say – and that is what makes it all the more scary.
But we can venture some educated guesses, and my best guess is
that this was an orchestrated attack on the stock market – an
attack that shaved 1,000 points off the Dow Jones industrial
average in a few minutes, and caused some stocks worth nearly $50
to drop to a penny in matter of seconds. I have been trying hard,
but…