By Mike Luce
Week 11 of the college football season was bad for big business.
Through Thursday, the Dow was off 281.84 points, the S&P 500 was down 36.69, and the Nasdaq had dropped 86.55 points, or 2.9 percent – the largest percentage drop of the three. Despite falling unemployment claims and rising U.S. exports, investors worry that the impending “fiscal cliff” could severely hurt an economy that has shown signs (the Dow is up 593.76 on the year) of improvement.
What is the fiscal cliff, you ask? We have no idea. But as a rule of thumb, whenever you see a word like fiscal used alongside a geological (and/or geographical, for the picky) term meaning “a significant vertical, or near vertical, rock exposure,” we assume it’s not good, especially if there’s no mention of carabiners, harnesses, and the like. We feel the government would be wise to coin a new, less frightening, term, like the Wiley Coyote Predicament. Wiley Coyote couldn’t hurt anyone, right? He’s like the Stay Puft Marshmallow Man.
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Posted on November 9, 2012