The Animated Apocalypse: The "Day Of Rapture" For Dummies
It appears that according to some, the world will end in 48 hours or something, on May 21, in what Christian radio broadcaster Harold Camping has called the Day of the Rapture. Judging by the inverse selling in the stock market today (if not by those allocated underwriter shares in LNKD: those guys are long gone), mutual funders and other idiot money aren't buying it. Neither is the Treasury which just released its latest 2, 5 and 7 year refunding statement in hopes someone aside from Brian Sack will be left alive to bid up the $110 billion in new US paper. So in order to help readers decide if it is time to start reciting that "The End Is Nigh" here is NMA with their as usual absolutely spot on, and typically humorous, assessment of this most recent brick in the wall of apocalyptic worry, which at best will merely add to the already near record NYSE margin debt.
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