November 07, 2008
Ling Carter on Wall Street:
The stock market is "behaving like a Federal worker."
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NEW YORK - In a disturbing trend, the stock market has begun to call in sick, take long lunches, and behave in a surly manner previously unseen on Wall Street. "This is really creepy," said Dan Stover, senior analyst at Miller Tabak & Co. "Take Monday: bell rings at 9:00 and the market doesn't show up until 9:14, muttering something about car trouble. No one believed it. Then it went out for lunch at noon and didn't come back until 2:20. You could smell the beer a mile away. God help you if you ask what's wrong. The market'll drag its feet and go on a slow down that kills any trading momentum."Experts speculate that large inflows of federal money into the private sector may have triggered the behaviour.
Hm. I fear that this is funny "because it's true."
Posted by: Attila Girl at
06:22 PM
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