ZNGA Exposure to Systemic Market Risk: Did Anyone Notice the Nikkei this Evening? Down as much as 1.7%
Or perhaps we could superimpose a chart of the Nikkei from its high to low (39,000 to current 8950) over a chart of the S&P 500 or the DOW Industrials. Wow, that is a very scary notion. Not to worry, as we know Japan will recover by the close, and the land of Nippon in no way compares to our own sophisticated financial markets. However, my numerologist reminded me today that the March low on the S&P 500 some three plus years ago was that magical number of 666. Does God work in mysterious ways we do not always grasp? The world will muddle on, perhaps sans ZNGA.
As a paid hack, I have now reached my daily word quota. Sweet dreams to all.