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Economy
In reply to the discussion: STOCK MARKET WATCH -- Thursday, 25 October 2012 [View all]Warpy
(111,237 posts)8. The money guy reminded me recently about
what Chicken Littles do every time there's a Doomsday prediction and the Mayan calendar ticks over to a new number in December. People who believe in that stuff can drop the market appreciably as they take their funds out for one long, last party.
That might be a little part of what's happening. The rest of it is beyond me. There could be a flurry of offshore deposits or there might be a small rush into t-bills. Nobody tells us anything about those. We just know that money is being yanked out of the markets they do report on.
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