dow30

Ooooops!!!!!!!!!! Dow took a little dip!

Manny Laureano

Ahh... that's okay. Our Dow 30 will always be a high end, blue chip stock!
Thanks for all the great links, jazz and classical, Kim.

Best we keep our heads while others lose theirs. Belts tighten and loosen... that's the money game.

ML

Solar Bell

You adopted me?????

-cw-

Vulgano Brother

As a wise man once said:

The Dow that can be told is not the eternal Dow; The name that can be named is not the eternal name.

Manny Laureano

Somewhere in China someone's groaning, Jerry. That was a really bad. But perhaps I'm Confusciused.

ML

Mikey

Perhaps adding some fiber to your diet will help.

Manny Laureano

So, by the final bell it was down 415 points. That's about 3%. Not a big deal compared to 1986. Also, the computer glitch that caused the selloff is being investigated... we've been through it before and we'll go through it again. But then I'm not telling you anything you don't know already.

Time to put down the Maalox and pour a glass of wine, waddya think, Kim?

ML

dow30

Yes Manny, wine is the cure for everything!!!

The problem is, I'm problably drinking too much wine and eating too much chocolate waiting for this steam to blow off here. This was absolutely coming. I wouldn't even mind a little more.

But, maybe a piece of duct tape on Greenie the Weenies mouth might be a bigger help! Although, I have never been a big fan of Mr "Irrational Exuberance " his mentioning the "R" word might not be so out of line. Yes, the media always paints a rosy picture but, if you watch the yield curve, when when we get that inverted yield curve it has been a pretty good leading indicator of forth coming recession. I'm curious to see how the Weenie called this one.

The idea is not to step in front of a steamroller when it's coming at you on a one way street. There are times when being on the sidelines is not a bad thing as long as you're not afraid to jump back in.

dow30

I dug up this old poem up that I wrote when one of my favorite National pass times was bit@hing about Alan Greenspan! I think it took 2 glasses of wine to write this one! I have one glass poems, 2 glass poems and 3 glass poems. Written to the tune of the Village Blacksmith. (I had to memorize it in grade school.) I don't know why I ever remembered this, today I can't memorize 4 measures.

Greenie The Weenie
By Kim Doran

Under the spreading Buttonwood Tree,
“Greenie the Weenie” stands.
A mighty man is he,
Though his arms are like rubber bands.

His hair is thin; his face is long, not tan.
His brow is wet from nervous sweat,
He earns what‘er he can.
He looks the whole world in the face,
For, he answers to, not any man.

Week in, week out, from morn night,
You can hear his bellows blow.
I have to keep raising interest rates,
“I must burst this market bubble, you know.”

With all the workers going home,
As jobs there are no more.
But, because of this wealth effect,
I’ll just keep hiking, more and more.

Inverted yield curves, slowing productivity,
And high unemployment rates,
But to start cutting, maybe he was just,
A little bit, too late.

If he just looked thru, those milk bottle bottom glasses, he wears,
To see what lies ahead,
Maybe he could have avoided this crisis,
Before, our economy was dead.

If anyone else screwed up to this degree,
It would have been a sin.
But now he’s done cutting rates,
To end a recession,
He says, we were never in!