Friday, July 29, 2011

The Stock Market and the Battle of Jutland

"There's something wrong with our bloody ships today, Chatfield"

The words of Admiral David Beatty to his flag captain after HMS Queen Mary blew up.

16:00 hrs-16:05 hrs, Indefatigable explodes leaving two survivors.
16:25 hrs, Queen Mary vaporizes, nine survive.
2200 of his sailors disintegrate.

He was, of course, promoted, appointed First Sea Lord and granted an Earldom.

DJIA down 77, S&P down 5.
Not quite the tragedy it might appear.