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« He's not taking off those glasses | Main | Backside of a Kmart »

Jan 18, 2008

Comments

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Fec

I don't love me some opacity.

Bubba

I guess I shouldn't expect anything better from folks who think the economic/market turmoil is from scared shareholders trying to avoid the coming George Bush/Herbert Hoover recession.

No, there's no outside influences from shorts at work undermining credit ratings, confidence levels, and share prices, is there, Ed?

David Boyd

Bubba, please go make some money. I cannot bear for you to waste your market insights at this blog any longer. If you have enough and are in no need of money yourself, please consider making some to share with the haters on this board. That will likely shut them up forever.

Bubba

Oh my! Some sarcasm from Boyd?

meblogin

...sounds like more down activity in our markets.

meblogin

Anyone following the foreign markets?

Ed Cone

Let's hope our markets don't follow them...

meblogin

...sigh...

S&P 500 futures are currently off about 4 to 5% since Friday's close. (down 65 points)

My guess is the bond rating you pointed to and the tax rebate are the primary reasons. I will leave the if we are in a recession question to others. Certainly the bond news does not appear to have been priced into our markets.

This came in email from the NYT earlier---

Stock Markets in Europe Plunge 7 Percent

Stocks fell steeply in Europe on Monday after sharp overnight declines in Asia, reacting to fears that an American recession was unavoidable and would crimp global growth. The DAX index in Germany closed off 7.16 percent and the CAC 40 in France lost 6.83 percent. British stocks fared slightly less badly; the FTSE 100 lost 5.48 percent. United States financial markets are closed today; Canadian and Mexican stocks were off sharply at midday.

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