President Obama calls for the ouster of Syrian President Assad. Christine O’donnell, walks off the Piers Morgan show. The DOW, which has been doing a herky-jerky routine of zooming up and down, is down again. Why does it feel like none of this matters? Assad, could probably care less what Obama says (lately, nothing he says feels like it has any weight), almost nobody watches Piers Morgan and the DOW will bounce back up again. Or we’ll all go to hell in a handcart. Personally, I’m looking for the DOW to bounce back as the greed factor kicks in and buyers storm back onto the market to harvest undervalued opportunities.
It’s also being reported that the feds have opened an investigation of Standard & Poor’s, to determine whether the company “improperly rated dozens of mortgage securities in the years before the financial crisis.” Huzzah! The Justice Department is finally doing its job! Now that, ladies and gentlemen, is a bit of real news. And a step in the right direction. Finally.