As I watch these huge triple digit swings in the markets, I can’t get the images of “Galloping Gertie”, aka the Tacoma narrows bridge that swang wildly from side to side before crashing.
All the buzz this morning is about France.
The Cac-40 is tanking, Soc-Gen is off over 10%, and the raters, like Moody's are out re-affirming its AAA.
Watch the amazing “Gallopin’ Gertie” November 7, 1940 film clip.
1940 Tacoma Narrows Bridge
Slender, elegant and graceful, the Tacoma Narrows Bridge stretched like a steel ribbon across Puget Sound in 1940. The third longest suspension span in the world opened on July 1st. Only four months later, the great span’s short life ended in disaster. “Galloping Gertie,” collapsed in a windstorm on November 7,1940.
The bridge became famous as “the most dramatic failure in bridge engineering history.” Now, it’s also “one of the world’s largest man-made reefs.” The sunken remains of Galloping Gertie were placed on the National Register of Historic Places in 1992 to protect her from salvagers.
http://www.youtube.com/watch?v=j-zczJXSxnw
Good imagery: