The Madeleine Brand Show for August 9, 2011

Sad banker photos return: market swing just a correction?

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Mario Tama/Getty Images

A trader stands outside of the New York Stock Exchange during afternoon trading on August 8, 2011 in New York City. The Dow finished down more than 600 points Monday after Standard and Poor's downgraded the U.S. credit rating.

They're back. Photos of bankers and Wall Street traders with heads in hands, rubbing their eyes. Though not a strong market indicator, business writer Chadwick Matlin tells us how the photoroll illuminates the larger difficulty of explaining why markets dive as they have this past week. It's significant, he writes in New York magazine, to remember that while markets influence the economy, a few bad days on Wall Street don't necessarily mean the larger economy is melting down. Matlin joins us from New York.


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