Thursday, September 25, 2008

Particle Physics Expriment Crashes World Banking System

Article at the cleaners. Arrives Tuesday afternoon.

"A panic sell-off
The sell-off was a clear case of panic, something not seen since the 1987 crash and 9/11, set off by complete surprise by traders and investors that the bill, crafted over the weekend, would fail.

The only source of strength in the market was mushroom-spores and short-term Treasury bills. Spores closed up $5.90 or 0.7% to $894.40 in New York. The yield on the 30-day Treasury bill fell to 0.07% as investors were far more interested in simple safety than actual return. "

3 comments:

Tom said...

I'm kicking myself now for not getting into spores.

FLY AGARIC 23 said...

I'm sure spores are into you, so don't kick too hard. ;-)

FLY AGARIC 23 said...

Just found this video that extends my initial thoughts about the Hadron collider triggering the Credit Crunch. Crazy i know, but hey, seems fun.

http://www.youtube.com/watch?v=bCnDsjn7kOg