Joshua M Brown


BBC: China has cut its main interest rate by 0.25 percentage points after two days of stock market turmoil. It’s the fifth interest rate cut since November. The People’s Bank of China also cut banks’ reserve requirement ratio by 0.5 percentage points. The Latin phrase Deus Ex Machina, literally “God from the Machine”, comes to…

My Little Trick for Coping with a Correction

It’s going to be bad this morning. China was down over 8% last night. Europe is down close to 5% this morning. As of this writing, the Dow Jones looks like it’s going to open down another 600 points, after losing 1000 points last week. It’s official, we’re experiencing the 28th 10% correction since WWII….

Five Hundo

You’ll read all the superlatives this weekend. Biggest one-day drop since _____. Ninth largest ____ ever. Greatest spike in the Vix since ____. 4 out of every 5 ____ have now fallen ____ percent. On and on. It’s a parlor game. Maybe this kind of thing is helpful for context. Maybe it’s just rubbernecking. Whatever….