Friday, August 1, 2014
Some charts showing you how stupid it all is
Let's see how individual US stocks are doing today.
Disney is down a little, because obviously workers earning higher wages means less people will be watching movies like the upcoming Star Wars third trilogy or the endless number of little kid animated flicks.
Magna (sorry, don't remember the US ticker) is down, because the good Ford data means nobody will be sourcing auto parts for manufacturing.
3M is down strongly, -3SD, since obviously nobody needs chemical materials now that worldwide manufacturing has collapsed.
And Exxon is really collapsing, because oogity boogity wharrgarbl America.
This is silly.