By Robert A. Vella
This has been a wild week in the financial markets. Yesterday, the New York Stock Exchange computers mysteriously stopped working prompting comedian Stephen Colbert’s “Apocalypse Dow” rant. Also on Wednesday, China’s stock markets collectively dropped a staggering 30% from their June highs – approximately $2.7 trillion in U.S. dollars! And, these volatile events came on the heels of Monday’s global sell-off in reaction to Greece’s national referendum vote against European austerity demands.
Like the lady driver used to say, “If you can’t handle the ride, you better get off of the bus!”