Watch it happening right in front of your eyes.

The top two point gains in all history have taken place within the last 30 days. As have the two top point losses.

This is insanity folks.

• If it was a patient, I’d diagnose uncontrollable psychosis.
• If it was a car, I’d say a piston rod was broken.
• If it was a computer, I’d guess that about a dozen viruses were in control.

The chart below shows the Dow along with trading volume during the day for the last five days. Note that a week ago, the price was just about where it ended up today. So, after wild, whiplashed, frenetic trading … nothing really changed.

The end of market trading is the most significant for me. It simply shows that there is absolutely no understanding left. The traders who are throwing money into the market in the last hour (or frantically taking it out) are basically saying, “I have no idea where the market is going, but something might happen in the eighteen hours that the market is closed, so I’m just going to push my chips onto the table and hope for the best.”

The people doing this are those financial professionals that we pay (minimum) several hundred thousand to several million dollar salaries to. You know, the same ones responsible for the financial meltdown.

(Do the words, “waste of oxygen” start to have real meaning for you here?)

This is the market that Bush and McCain want to invest your Social Security fund into.