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.

[browneyedgirl65.livejournal.com]

Yeah, watching the stuff go on now, like the fight over Wachovia? Is that really as sickly a company as they say given this? I know there's a lot more behind the scenes, meh.

The 10K is an amusing one to me, though. I was roundly laughed out of my economics class in high school for saying it would break 6K sometime...

[sethg]

Fun timely fact: Kevin Hassett, the author of Dow 36000: The New Strategy for Profiting From the Coming Rise In the Stock Market, is a McCain adviser.

[stef-tm.livejournal.com]

I was going to short AAPL last week. Dang.

I did use this opportunity to buy a little more a railroad stock I like. Trying to be contrarian to match my *lovely* personality.

Everyone at work is freaking out. I tell them - we know so little about the financial markets. As someone who's worked in tech for 14 years I know *not* to invest in tech. Most of it is vaporware - regardless if it's s/w or h/w.

[6-bleen-7.livejournal.com]

Hooray for dollar-cost averaging! I figure that in a couple of months I'll be buying entire companies with my 403(b) contributions.

[brewsternorth.livejournal.com]

Intriguing to compare the Dow's progress (regress?) with that of some of its opposite numbers elsewhere. In sheer points terms it's dropped more than the FTSE 100, and yet percentage-wise the London exchange is in the worse shape right now.

The Paris Cac 40 is apparently down nearly 10%.

[placate-me.livejournal.com]

Economy=terrible. Are you noticing it trickle down to Film/TV? My booking just changed to a half day for a daytime show that I work semi-regularly.

Ugh.

And the upcoming election is giving me heart palpitations.

[tdanaher.livejournal.com]

The price of oil is down to 88.49, niiiiice. I'm also seeing my favorite car rental places drop their prices accordingly, a day rate of $112 is now around $87.