The markets took a big hit yesterday as the major indexes lost some 3%. That puts the S&P; 500 back to levels reached last at the beginning of December. Many buy and holders, who had counted on a continuation of the rebound, are certainly disappointed about the market direction so far this year. Sure, I’d be on edge too if I had to make up 50% of losses sustained in only 1 year.
With the markets in the doldrums, some readers focused on trying to find some humor in today’s environment. A difficult task indeed, but here are a couple of pictures that were sent to me made possible only because of Ponzi scheme uber-expert Bernie Madoff.
With many people and organizations being affected by the fallout of the alleged $50 billion scheme, here’s one suggestion for punishment: