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When the markets are so bad, if in doubt, pray

31 October 2008 1 comment

Steve Ellis

Founder

Finextra Research

US political blog Wonkette covers the curious incident of prayers being offered to the Wall Street Bull to fix capitalism.

It's all well beyond my ability to explain - but didn't the market blip up a bit later in the week? Who's to mock?

btw - Wonkette fires its blog posts from the hip, without fear or favour for who they offend. So, if you are of a gentle, easily offended disposition, don't click here or here.

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Paul Penrose Head of Research at Finextra

03 November 2008

The Church of England issued a press release in early October saying it had received more than 8000 hits on a prayer asking God for help with the current financial crisis, pushing up traffic on the site by more than a third since September. This was a week or so after the Archbishop of Canterbury did a Jesus in the temple and railed against short sellers and other financial market spivs for dragging down the economy. Shame about the use of Church investment vehicles in similar stock market raids.

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