Let us put things in perspective here:
170 point drops are not as earth shattering as they were in 1987.
For one thing, technology has completely dominated our lives. Back then, it was an optional convenience for those lucky families that could afford it.
And if Treasury Secretary Tim Geitner's words were indeed true when he spoke with Liz Claman on site outside the Ford Assembly Plant in Chicago on Wednesday, who knows?
Sure, Europe remains a threat...and China, and Iran, and on and on and on.
But yet, just look to America's national pastime if you want to find something healthy going on:
Yes, my online friends--baseball is actually a sport in healthy times even though $250 million contracts are no longer the exception. They are the new norm unlike the first million dollar deals in the late 1980's/early 1990's.
Sure, the game sometimes can be boring since there is no time clock. But yet, the sport is timeless. It is tradition. And just like one of my favorite movie lines mentioned in the 1988 film Mystic Pizza:
"You never monkey with tradition."
I am sure that one outfit in Luxembourg (that shall remain nameless as long as I continue hearing solid encouragement from our kind Georgia Anderson) may be doing exactly that to Hugh Hefner's proud baby, Playboy. The once iconic magazine is mostly going into uncharted waters online and most of the popular features from the old Cyber Club are being morphed into Playboy Plus. Weird, isn't it?
I guess weird might be the new version of normalcy.
Then again, it is always fun when you look back and laugh.
And to close, Facebook's IPO settles on NASDAQ instead of the Dow. What a crushing blow for some and a happy day for others, even though oil spiked another $1.70 to a little over $103 per barrel to close out a very strange week with the markets.
Enjoy your Easter holiday.