Tuesday, January 22, 2008

down she goes!!!



the market isn't open yet. however, the asian markets tanked for the second day in a row.

how badly will the market fare today? discuss.

6 comments:

emily1 said...

the fed cut the interest rate by 3/4 of a point this morning without even having a formal meeting. i think this means they're trying to stave off a panic.

emily1 said...

dow was down more than 400 points in the first few minutes of trading. neither the new york times or cnn has updated their tickers though.

emily2 said...

the emergency rate cut clearly failed to stave of a panic.

the baby boomers in my office are flipping out. something about 401ks going down the drain as they and their friends are reaching retirement age.

emily1 said...

now there's no ticker on the new york times front page at all. you have to go to the business section to see it. good god, this is fugly. fugly. fugly. fugly.

emily1 said...

i wonder who still thinks placing social security money in the hands of the financial geniuses at investment banks is a wonderful idea.

emily2 said...

goldman sachs was the only investment bank who had the foresight to manage their risk. this is scary. risk management is essential to buffer yourself against these types of massive losses. if you don't manage your risks, you're basically just gambling.

nice to know that our money is being managed by licensed gamblers.