since we're all big into Wall Street, it may interest you to know...

I've read that part of the reason is that the US economy is moving into a flat or slow growth period. Greenspan yesterday suggested a recession was coming toward the latter part of the year.

 

The yield curve is now inverted. That traditionally indicates an economic downturn -- not necessarily a recession -- is around the bend.

 

Wow, this "Chernobyl-like meltdown" has the Dow at levels not seen since . . . December 5, 2006.

 

When do the Chinese/Asian markets open Wednesday, in relation to Eastern time?

 

Anyone think the market will rebound to another new record high in less than two weeks?

 

Probably, and it will powered on new earnings estimates for oil companies now that gas prices have gone up 30 cents in less than a week.

 

Gas is up only 3 cents here.

I better switch my stocks from McD to Chevron.

 

You're on. If I win you have to be the family au pair for a month.

 

Fine. Send the kids out here and I'll raise them up the right way. And not that I was making a bet, but if there is a new record high before March 13, I get ownership of your profile signature for a month.

Love this little 'update' from the NYSE folks:

Riiiiiggghht. A computer glitch.

 

Deal, and the kids are giving up cigarettes and pot for lent so that should help.

 

We don't worry about lent in our house. We're giving up all fun stuff all the time anyway.

 

Looking at your bottom line every day will drive you nuts. Don't worry about what the market did today unless you're ready to cash out for your retirement within the next 30 days. It'll be fine.