Wednesday, October 15, 2008

Looking on the Bright Side

The Dow had another nosedive of a day, which is not really news at this point. What I found interesting is that it began this morning with a report saying that retail sales dropped a whole bunch in September.

The bad news, of course, is that retail sales are a big-deal-economic-trend-indicator-thingy. But what I thought was:

Wait a minute. Haven't we been telling people to save their money, already? Maybe we finally understand! Maybe we are turning a corner and coming out of our Rampant Consumerist Dark Age!

Or maybe it is just fear.

If you want to read the actual day's financial report, you can find MSN's here.

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