Handwriting on the Wall

There was so much handwriting on the wall that even the wall fell down.

Christopher Morley’s words in 1943 have relevance today for the “regulators” watching Bernie Madoff or Wall Street. So much for government watchdogs.

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Lucky Charm

My lucky charm, the resident black racer, showed up at exactly 2 p.m. yesterday. As you can see from these charts the market immediately started upward. Too bad he crawled away after a while, taking the market along. Yesterday’s dip wasn’t as bad as previous days, though. What will today bring? Where is my lucky charm?

 

Note: I had to remove the chart because I posted a live one, which is totally not relevant. Trust me, it went up at 2 p.m.

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Euphoric Blip?

All last week as the markets tanked I crowded onto the website of Wall Street Journal like a moth to flame. And today the Dow ends up over 900 points. Is this for real or a euphoric blip? Should I have been selling today when the market didn’t tank after 3 p.m.? Only time will tell.

 

To my credit, I didn’t bite on any of those commercials flashing just below the market report all last week. The Jack Daniels bottle all but danced out of there and poured me a drink. Now that I understood the targeted marketing concept, I watched for someone to sell spots on the ledge of the 14^th floor of an office building. A news story  running below was about San Francisco’s plans to install a chain net under its bridge, though its not there yet.  Wink Wink

 

For today, I will settle for pinning the tail back on the financial donkey. Besides I’m out of Jack Daniels.

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Don’t Panic!

As world markets tanked earlier this week a stock market representative from China explained it all. “There are no buyers,” he said, “only sellers.” Ummmm Think about that one.

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