Sure, the stock market tanked. But the big shocker is Toni Braxton being booted off Dancing with the Stars. Huh?
Would you like your Market Toasted?
- Deep recession fears get the blame for today's big sell-off. Stocks tumbled to 5 year lows on Wednesday as investors grappled with an increasingly dire outlook for the global economy following a raft of disappointing profits and outlooks from major U.S. companies. It is the "outlooks" going forward that Wall Street is worried about. But at least we'll all have iPhones, as AAPL bucks the trend and closed higher.
- IBD out with an article praising Amazon's Kindle book reader. $359, folks. Sure, it looks nice. But $359. C'mon. There is a free ebook reader for the iPhone called Stanza. So you know, cookie. And that's what I'm going to get when I buy my iPhone in a few weeks!
- Uh oh, speaking of AMZN... Afterhours, AMZN reported 48% bump in revenues but revised their outlook downward. Try lowering the price of the Kindle, fellas. $359?
- Wal-Mart to toughen standards. Huh? WMT plans to announce Wednesday in Beijing that it will require manufacturers supplying goods for its stores to adhere to stricter ethical and environmental standards.
The Political Football
- From Nobel prize winner Paul Krugman, is the economic collapse a conspiracy? I think it's a fair shot from PK. The extremes on both sides are a little wrapped up in conspiracy theories. You know what? I say Paul Krugman should go on Dancing with the Stars and try to win the dance globe prize next.
- From a 9% Obama lead in Fox's poll today to a statistical dead heat in the AP poll. And you thought the stock market was volatile!
- The "World" picks Obama 4-1. I think ACORN already registered the World with a home address in a shack in Ohio.
- What's up with the polls? From Cristy Li. (I liked the cartoon!)