Something is up in the Arctic, and the real impact may be the undesirable release of methane (L.A. Times -- free subscription) into the atmosphere. Much worse than carbon dioxide if this scenario actually plays out.
And more problems in the credit market. The European Central Bank is intervening with cash to relieve the credit crunch caused by the ongoing collapse of the subprime mortgage market. Globalization has its dark side and you are seeing a part of it now. The Dow reacts accordingly.
And of course the Chinese are now rattling the financial sword. Makes you wonder how joyfilled the holidays will be.
I am not panicking, but I am not happy about any of this.
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