Back to Materiality
After the Federal bailout proposal rejected on September 29, 2008, the stock market dropped big time in New York. I checked out the Map of the Market to see which sectors are down, it was full red. But there was one spot that was still green: gold (Barrick Gold ABX). This might just be a moment in the market, but it is an ironic moment where the immateriality of the markets dissolved as people lost their trust. A sign to go back to make things, sell things, and count the money by hand.
* Click on the image to enlarge.
** Cross post from my blog.
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[…] After the Federal bailout proposal rejected on September 29, 2008, the stock market dropped big time in New York. I checked out the Map of the Market to see which sectors are down, it was full red. But there was one spot that was …[Continue Reading] […]