Thursday, August 11, 2011

Market basket (o' quotables)

Even if you're weary of reading about it, it's hard to avoid the screaming headlines on the recent stock market gyrations: down 600 points, up 400, down 400 again, up 400 again.  After today's improbable uptick, no surprise that (even the) New York Times compared this week to (the obvious metaphor of) riding a yo-yo.

I myself am seasick here at the OK Finance Corral.  It's the stomach-churn of 2 NFL teams in overtime: one offense driving 80 yards, then missing a field goal; the other driving 40 yards before turning it over; the other team reaching the one-yard line and not converting a third down; and so on.

But the day ended up.  Not complaining about that.  Also, since I don't have much choice but to read things online all day at work, I've come to cherish the rare brilliance of certain bloggers, friends and journalists whose quotes cut through the millions.

My favorites ... because it's an up day:

Nico Muhly, writing today on his eponymous blog:
"I had a crazy thing where I got back from London and immediately flew to Iceland and then flew home, and all the while, this debt ceiling thing has been raging. I got kind of obsessed with it, because it seems like both sides are working with entirely different sets of facts, rather than interpretations of the facts. I have never seen so many people shout at each other, “that’s just not true!” on television before! We are having a problem of definitions. I am normally used to arguments being about interpretation ... "

Joe Nocera, yesterday in his Times column "When the Markets Swoon":
"I know that there are limits to what any government can do to create jobs. But what one yearns for is a little imagination from this White House. Someone suggested to me recently that the government could create a $50 billion fund for small business, and use it to pay, say, 20 percent of the wages of new hires for two years — first come, first served. Why doesn’t Obama suggest something like that?"

Bob Collins, posting on (the severely down) Monday morning, for MPR:
Market Meltdown: Traders Looking Worried
"One question: If the stock market is so all-fire important to everyone, how come news organizations can only figure out one kind of photograph when covering it?"

Albert Einstein, via my friend Thea's Facebook wall today:
"Two things are infinite: the universe and human stupidity; and I'm not sure about the the universe."

And finally, San Francisco Man, via G-chat last night:
K: Since I've seen you, though, work has also been crazy for me. F***ing politicians....European and American both! The upside is that the drama is kind of adrenalizing.

SFM: Oh dear... financials. Ooogg.

K: My managers and I are jacked, running around, trying to solve problems.

SFM: I've been trying to ignore what's been going on in the stock market et al.

K: Yeah, me too. Today, particularly. The NYT likes to do these big shouting headlines and a minute-by-minute Dow Jones tally. I can't watch it or follow it.

SFM: sensationalism isn't all that sensual.

PS:  I myself am rather chuffed to have thought of
putting all these related/not-related quotes in one handy locale.
Just saying.

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