. . . but I thought it would be gradual, that it wouldn't happen so quickly.
I'm usually a glass half-full type of person but I'm not these days. I recently pointed out in a twit on twitter that seven out of ten of the largest jumps in the DOW index all occurred just before the Great Depression. (So don't get excited about a half percent interest cut, or any other daily interpretation.) Dead cats bounce if they fall high enough, and this is a time to look at historical data.
When I pointed out that most big jumps in the DOW happened just before the Great Depression, this was one of the replies I got:
dude, i hope you never look to become a motivational speaker. ;)
I could blow smoke . . . but you'd have to be pretending to be tying a shoelace.
These are interesting times.