{"id":27938,"date":"2018-02-06T23:16:55","date_gmt":"2018-02-06T23:16:55","guid":{"rendered":"https:\/\/highplainsblogger.com\/?p=27938"},"modified":"2018-02-06T23:16:55","modified_gmt":"2018-02-06T23:16:55","slug":"dow-plunges-still-clap","status":"publish","type":"post","link":"https:\/\/highplainsblogger.com\/?p=27938","title":{"rendered":"Dow plunges &#8230; and they still clap?"},"content":{"rendered":"\n<div class=\"twitter-share\"><a href=\"https:\/\/twitter.com\/intent\/tweet?via=jkanelis\" class=\"twitter-share-button\">Tweet<\/a><\/div>\n<p><a href=\"https:\/\/highplainsblogger.com\/wp-content\/uploads\/2018\/02\/ap16118503713457.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-27846\" src=\"https:\/\/highplainsblogger.com\/wp-content\/uploads\/2018\/02\/ap16118503713457-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/highplainsblogger.com\/wp-content\/uploads\/2018\/02\/ap16118503713457-300x200.jpg 300w, https:\/\/highplainsblogger.com\/wp-content\/uploads\/2018\/02\/ap16118503713457-768x512.jpg 768w, https:\/\/highplainsblogger.com\/wp-content\/uploads\/2018\/02\/ap16118503713457-1024x683.jpg 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>It happened this week yet again.<\/p>\n<p>The Dow Jones Industrial Average collapsed more than 1,100 points Monday, the largest single-day point drop in the history of Wall Street.<\/p>\n<p>I commented on this strange reaction back in 2009. Here&#8217;s what I wrote then:<\/p>\n<p>https:\/\/highplainsblogger.com\/2009\/02\/clapping-for-what\/<\/p>\n<p>The earlier blog post questioned why those financial gurus standing in the balcony overlooking the trading floor were clapping after a measly 250-point drop in the Dow average.<\/p>\n<p>Another set of financial types and perhaps a celeb were standing on that balcony clapping and grinning as if the Dow had <em>gained<\/em> 1,100-plus points rather than lost it.<\/p>\n<p>I must conclude that they might know something about this latest financial collapse that the rest of us laypeople don&#8217;t understand.<\/p>\n<p>Perhaps they foresaw what would happen today, that the Dow would gain back about half of what it lost Monday. The DJIA finished up a little more than 560 points today.<\/p>\n<p>I&#8217;ll take it, folks. I also will accept that the podium cheering section had good reason to clap and grin today.<\/p>\n\n<div class=\"twitter-share\"><a href=\"https:\/\/twitter.com\/intent\/tweet?via=jkanelis\" class=\"twitter-share-button\">Tweet<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>It happened this week yet again. The Dow Jones Industrial Average collapsed more than 1,100 points Monday, the largest single-day point drop in the history of Wall Street. I commented on this strange reaction back in 2009. Here&#8217;s what I wrote then: https:\/\/highplainsblogger.com\/2009\/02\/clapping-for-what\/ The earlier blog post questioned why those financial gurus standing in the &hellip; <a href=\"https:\/\/highplainsblogger.com\/?p=27938\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Dow plunges &#8230; and they still clap?<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[7567,7566,7281,7559,5153],"class_list":["post-27938","post","type-post","status-publish","format-standard","hentry","category-business-news","tag-bear-market","tag-bull-market","tag-djia","tag-stock-market","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts\/27938","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27938"}],"version-history":[{"count":1,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts\/27938\/revisions"}],"predecessor-version":[{"id":27940,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts\/27938\/revisions\/27940"}],"wp:attachment":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}