{"id":39969,"date":"2018-10-31T13:04:45","date_gmt":"2018-10-31T18:04:45","guid":{"rendered":"http:\/\/olduvai.ca\/?p=39969"},"modified":"2018-10-31T13:04:45","modified_gmt":"2018-10-31T18:04:45","slug":"kass-high-anxiety-in-the-markets","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=39969","title":{"rendered":"Kass: High Anxiety In The Markets"},"content":{"rendered":"

Kass: High Anxiety In The Markets<\/a><\/h3>\n
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\u201cBrophy:\u00a0I got it. I got it. I got it.<\/em><\/p>\n

[thump]<\/p>\n

Brophy:\u00a0I ain\u2019t got it.\u201d \u2013\u00a0Mel Brooks,\u00a0High Anxiety<\/a><\/em><\/p><\/blockquote>\n

Arriving at\u00a0Los Angeles International Airport, Dr. Richard Thorndyke has several odd encounters (such as a\u00a0flasher impersonating a police officer, and a passing bus with a full orchestra playing inside it). Dr. Thorndyke remarks:<\/p>\n

\u201cWhat a dramatic airport!\u201d<\/em><\/p><\/blockquote>\n

He is taken by his driver, Brophy, to the Psycho-Neurotic Institute for the Very, Very Nervous, where he has been hired as a replacement for Dr. Ashley, who died mysteriously. Brophy has a condition of nervousness, and he takes pictures when he gets nervous. Upon his arrival, Thorndyke is greeted by the staff, Dr. Charles Montague, Dr. Philip Wentworth, and Nurse Charlotte Diesel. When he goes to his room, a large rock is thrown through the window, with a message of welcome from the violent ward.<\/p>\n

During the movie, Thorndyke suffers from a neural disorder called \u201cHigh Anxiety\u201d,<\/em> a mix of acrophobia\u00a0and\u00a0vertigo, and tries to overcome the infliction.<\/p>\n

We Live In Mel Brook\u2019s Crazy World Now<\/strong><\/p>\n

With an intraday move of almost 4% \u2013 the S&P futures fell by a remarkable 100 points from the day\u2019s high to the day\u2019s low. A large sell program at around 3:30 p.m. abruptly moved the market down by fifty handles in one of the largest sell programs I have ever seen hit the floor. (The day\u2019s swing in the Dow Jones Industrial Average exceeded 900 points!)<\/p>\n

The Spyders peaked at over $270 at around 10:10 a.m. and bottomed at under $260 (with 30 minutes left in the trading session). Spyders closed the day at $263.86.<\/p>\n

Talk about\u00a0High Anxiety!<\/em><\/p><\/blockquote>\n

As I write this morning\u2019s missive the market volatility has continued. When I started writing this column, S&P futures were +18 and Nasdaq<\/a> futures were +38 . They are now essentially flat, on no new news.<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Kass: High Anxiety In The Markets \u201cBrophy:\u00a0I got it. I got it. I got it. [thump] Brophy:\u00a0I ain\u2019t got it.\u201d \u2013\u00a0Mel Brooks,\u00a0High Anxiety Arriving at\u00a0Los Angeles International Airport, Dr. Richard Thorndyke has several odd encounters (such as a\u00a0flasher impersonating a police officer, and a passing bus with a full orchestra playing inside it). Dr. Thorndyke […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[20580,8511,15470],"class_list":["post-39969","post","type-post","status-publish","format-standard","hentry","category-economics","tag-doug-kass","tag-lance-roberts","tag-real-investment-advice"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/39969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=39969"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/39969\/revisions"}],"predecessor-version":[{"id":39970,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/39969\/revisions\/39970"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}