Here's an unlikely ray of optimism from Felix Salmon. The Dow has fallen 3.4 percent to a 12-year low. And there are no screaming headlines. No apocalyptic prophecies. We're numbed. "This is good news," he says. "It means that stock-market volatility is no longer considered particularly newsworthy in and of itself. What happens on any given day in the stock market is not actually very important, and I'm rather heartened by the fact that this news has failed to make the front page of, say, nytimes.com. Well done, MSM, for finally getting some perspective."
