Wednesday, January 09, 2008

Worst Stock Market Start Ever

Howard's son is a stock market analyst. He sent me the following email today:
You all know I don't usually comment on the stock market like this, but here's an interesting stat for you all: The market has NEVER, in the time that people have recorded its day-to-day actions (ie through the Dow Jones Industrial Average and the S&P500), ever started a year this badly.

You wouldn't guess it though by watching the news (hooray for primaries!)

There, now you can go and impress your friends with your newfound wisdom. What's scary though is that things are likely to get a lot worse in the next couple months before they get better.
Thanks, son. I'm sure my friends will be very impressed... before they make a panicked call to their stockbroker.

Update: Here's a follow-up email from my son at work:
You should hear the retarded banter going on here, such as '"wow, Obama wins a primary and the markets tank, and then Hillary wins a primary and the markets rally. That must mean that Obama will be bad for our economy." UGH!
Indeed. The next president is being handed a huge stinkbomb, that's for sure.


Blogger SiouxGeonz said...

Is the stinkbomb goin' off yet?

3:04 PM, January 14, 2008  

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