Did everyone see all that red today? HOLY RAVIOLI! You would’ve thought the stock market has chickenpox! Here’s the truth: it does; but we’re going to need more than an oatmeal bath to rid our symptoms.
The bad news our economy has seen in the recent weeks is just as contagious as chickenpox. Fearful investors are flocking faster than the World’s Fastest Clapper.
Just when we think we found a cure (companies’ profit growth), some kid comes and sneezes on us (Europe), coughs in our face (Washington), and the doctor told us we look worse than initially thought (S&P Downgrade).