Three long days
Friday, October 10th, 2008
The Nikkei is down 11%.
Today US stock traders, bank account holders, corporate treasurers, money market fund managers will spend their minutes and hours thinking about the fact that at the close of business, they’ll be facing 72 hours of pitch-black handcuffed misery waiting for the markets to open Tuesday.
Many folks will choose to cash out at any price rather than face the claustrophobic uncertainty of those 72 hours.