Thursday, October 9, 2014
Easy Come, Easy Go
I cannot say I was surprised to read that yesterday's biggest gain of the year on the Dow index was followed by today's biggest loss of the year. Now was I surprised that the size of the biggest loss was greater than the size of the biggest gain. Nevertheless, it is hard to avoid thinking that this is just another gambling game where the tables are rigged in favor of a too-big-to-fail elite and against the rest of us. If the very idea of money is a fiction of convenience, then I suspect that the Dow, if not the New York Stock Exchange, is one big fiction of inconvenience!