Justin Wolfers, Ford School professor and economist said the stock market sell-off was and "immense over-reaction." Importanly he noted that how bad it was depended on who you were, if you are "a flashy suit whose annual bonus depends on the ups and downs of the market, yeah. Today was pretty rough" he said, but for everyone else pretty much he said it won't affect much. "Folks on Wall Street wanted their interest rate cuts. They didn't get them," is how he summarized the stockmarket reaction.
