Overheard:

“How do you change a pedophile?”

“What?”

“I have something that I need to make changes to. A pedophile.”

“Ahhh… I’m not sure what you mean?”

“You know, these pedophiles? Or what do you call them? PD files?”

“Oh. You mean Adobe Reader files? Like PDF?”

“Yes, yes. Pedophiles.”

Beware, the PD Bear.

This reminds me of a short story by Italo Calvino, in which an aged accountant awaits the utter collapse of the bank where he has worked his entire life, waiting the entire time for the error of pennies he had made as a young man to multiply and compound until its magnitude dwarfed the holdings of the bank.

I strongly suspect that the true state of the market is more like something out of a Borges short story.

Hard to put my pessimism into words without sounding ridiculously melodramatic.

(From “Dow Takes a Harrowing 1,010.14-Point Trip – WSJ.com“)