That is the current headline on MarketWatch.com, which I’ve been looking at during the last fifteen minutes or so of stock trading each day.

I must shamefully admit that it is somewhat of a guilty thrill, a schadenfreude. It’s sort of like watching a collision spectacle such as the ones that happen on California’s central valley freeways when the thick, impenetrable fog huddles in the low spots along the road. A single accident turns into a 100 car pile-up.

Frankly, it’s exciting. If you are early on the scene, you can sometimes see cars still coming on at 70 or 80 miles an hour through the fog at the last moment before they crash into the ones that (more…)