wall street

[rm]

Dow down 500. We're below the 10K mark, which is one of those psychological barriers that will fuck sentiment up for the rest of the week.

Comments

[phaenix-ash.livejournal.com]

i've been working internally with some of the movers on these things and...it's ugly out there but not in the way the average person thinks. i have all kinds of non-disclosures on me though, so that's all i'll say.

[rm.livejournal.com]

*nod* I only see what's in the papers, but I see so much of it, that I feel like I have half a sense of what's actually going on. I do feel like the the full scope of this is going to take years to show itself.

[phaenix-ash.livejournal.com]

yeah, getting to be the proverbial fly on the wall of some of these boardroom meetings is an education i don't know if i really want to be experiencing or not. i'd just remind that what's in the media is meant to bring out a certain response (i.e. panic!) that isn't entirely justified. statistically, things aren't even remotely as bad as they were in the mid,late 80s. but that being said, these are strange days and likely will be for...oh, "years" isn't a bad way of putting it. but not many.