- The stock market again reverses late in the day. This time to the positive. Decliners leading advancers, though. Maybe shorts booking gains ahead of the weekend. It's been another bad week for the market.
- Bloomberg says U.S. stocks rose and the Standard & Poor’s 500 Index rebounded from an 11-year low as NBC News reported President-elect Barack Obama will nominate New York Federal Reserve Bank chief Timothy Geithner to head the Treasury.
- Timothy Geithner. The Federal Reserve Bank of New York president is widely praised for his management of the Wall Street meltdown. He also worked at Treasury for 13 years starting in 1988. Hmm. Management of the meltdown, huh. Hmm.
- The new iPhone operating system 2.2 is out! Some issues and bugs. What's new? Podcast downloads! Cool.
- Well, I did my tax loss selling for the year near the lows today, and reinvested in like-kind things. We'll see if I get to do that again in December...
- "We likely are in for a protracted period of poor economic performance," said Charles Evans, president of the Federal Reserve Bank of Chicago.
- Court says Shell can't drill near Alaska. Sure, oil prices are down now. Anyone think that'll last? Not me.
- China fears job riots. China's job outlook is "grim," and the global financial crisis could cause more layoffs and more labor unrest until the country's economic stimulus package kicks in next year, the nation's minister of human resources and social security said Thursday.
- TGIF!
