The pseudonym "Philo Vaihinger" has been abandoned. All posts have been and are written by me, Joseph Auclair.

Friday, January 15, 2016

Perversity and pussy-dom

Dow resumes losses, down 470 points as gloomy start to '16 persists

Actually, at this moment it's down more than 500 points, reportedly freaked out by drops on the Chinese market (the Chinese economy is still expanding, but not fast enough) and the price of oil.

Yes, that's right.

The cost of energy plummets and stocks in industries that consume lots of it don't skyrocket, they drop.

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