The Dow continued its path of least resistance early on today but managed to recover most of the day's 340-point loss in the final hour of trading and closed at 12,845.78 down only 15.69.
Look like the worst has yet to come.
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New York City is falling apart .... Buildings are collapsing , the financial market is in a tailspin and the dollar is not the dollar it us...
Yes, you are right, I lost a Rolex, a round trip ticket to Europe and a Nikon D40
ReplyDeletewp2007
Because I don't own any stock, I am generally very happy when the mkt is down. Today, I am quite happy. It is a memorable day.
ReplyDeletevlfriday
So you are a professional gambler using other people's money only.
ReplyDeleteGood for you.
Last night I saw the CBS news about the late rally in the U.S. markets as well, but today all the media here are still harping on about how a US slow down is imminent and how we should brace ourselves over here for a potential global recession... Hmm I'm just so glad I haven't fired my boss yet, esp. with my new mortgage and everything!
ReplyDeleteMartha:
ReplyDeleteThat's a very nice house you have in Dublin.
I think Asia and Europe are now less dependent on the US economy. So fear not.
Don't fire your boss until you find a better one. Are you one of those subprime mortgage borrowers who drags down the entire equity market?
These days the hedgies are all what the mahjong players call 'wearing the same trousers'. If they want to get in, everyone wants to get in. If they want to get out, every Tom, Dick and Harry is trying to get to the door at the same time. Besides, they are into 'algo' trading, would like to be 'a third of volume'. If Kevin, Chloe and Mohammad would like to do the same, I don't know how many one-thirds the mkt can bear. Anyway, after work, I went for a run. It felt good!
ReplyDeletevl2007
come and join me, wl2007, I am now happy in Taipei, certainly you will enjoy
ReplyDeletewp2007
I did a double-take when I saw you referring to me (?) as Martha (until I saw your other comment on my warmwollenmittens blog, thank you for being first commenter over there, and sorry I can't believe I missed it the first time round). Anyways, thanks for your kind compliments on my flat. But no, I don't think (at least I hope not!) I'm classified as a sub-prime borrower, for the simple fact (if nothing else...) that my mortgage lender is not a sub-prime one (though I have to say if I were to only start sorting out my mortgage now I probably wouldn't be able to get the kind of deal I did when I started late last year).
ReplyDeleteYeah, I know I shouldn't fire my boss until I get a better one, especially in the current environment (the so-called "Celtic Tiger" economy happened in large part because Ireland has been courting U.S. multinationals), but her bitchy behaviours of late have made that rather difficult. (Okay, slow my breathing and count to ten...)