Daylight Savings Time Is The New Arabs

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We're not exactly fans of the government meddling with our time--daylight savings time is like the metric system or Presidents Day--but we had to crack a smile when we heard this morning that traders are blaming America's "go it alone" switch to early daylight savings time on this week's market volatility. For all we know there might be something to it. Maybe the European markets being open an hour longer into the American markets really is causing the sell-off. But, really, that's not the point.
The point, as we said this morning, is to spin a plausible yarn, a logical lie. It's irrefutable. And no one really knows what's moving the market so this story is as good as any other.

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