Well, it was bound to happen eventually. The market pulling back large as I type. SP500 now under 1000 again. The last hour may be interesting, but seems like the bulls have been rescued lately by last ditch efforts in the last hour. We shall see!- Working from home today. Work has been very busy and stressful of late. I think one sign of economic recovery is that while companies have cut back employees, the work is increasing and existing workers are having to pick up the slack. Companies won’t rush to hire back; they just let folks go! Companies will want to see more stable signs. And those signs usually show up in the rear-view mirror as they analyze company numbers. So it could be a bit. Which means we’ll all be worked harder!
- Consumer morale down. U.S. consumers' gloom deepened in early August as worry about scarce jobs and falling income… Yeah, people are worried. It’s difficult to see the stock market advance and the financial articles talking about a recovering economy when in the real world, your wages are cut and you’re seeing people lose their jobs. While there seems to be a disconnect, the stock market is looking towards the future, while the company is looking at and reacting to the numbers from last quarter.
- I created a new AudioBoo. No headset, so the audio is much better this time. Boo #2 is about Blockbuster and the DVD rental business. Blockbuster reported poor earnings yesterday in an environment where people are renting more movies. Yikes! Here’s the embed, but you can always listen via the widget in the sidebar or by visiting my AudioBoo page.
Technorati Tags: michelle wie,blockbuster,netflix,redbox