SUPPOSE you got home after a busy day at the office, flipped on the television, and found out that the Dow Jones Industrial Average had slid 700 points while you were locked in meetings with your boss discussing new vending machines for the employee lunch room. Every Wall Street expert on the tube is saying that such a decline is natural, orderly, and totally expected. “Okay,” you say, “I’ll accept that explanation.” But when trading resumes the next morning, your mind isn’t focused on your job. Your computer is on-line, so you can access the prices of your mutual funds. The TV in your office is tuned to CNBC, so you’ll know what the Dow is doing every single moment.
It’s down another 700 points.
Comments