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Green Landslide

Wow. What a day. A few more like this one and we will be back in high cotton. :-) Anyone who says they understand what makes a market go up or down - like this - is lying. 

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This entry was posted on Monday, October 13th, 2008 at 4:45 pm and is filed under The Economy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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4 Responses to “Green Landslide”

  1. Michael E says:
    October 13, 2008 at 5:19 pm

    w00t $$$$$. Watch it tank 2000 points tomorrow :x.

  2. Sasky says:
    October 14, 2008 at 6:43 am

    I hope so too! The Australian dollar is slowly slowly clawing it’s way back.

  3. John Verba says:
    October 14, 2008 at 11:04 am

    I saw a commentator suggest yesterday that the market will be in flux like this for a while. I guess the thing to do would be to go back to when the bubble burst and see if there was the same pattern of spikes and falls. I remember during the first long web-based growth period, posting to the Netpreneur list-serve that it didn’t make sense that all these new companies could hire direct marketing experts away from print-based marketers at several times their former salaries…because it was just a new medium…the overall value of goods sold hadn’t expanded…and something would have to give. Then I think a Wharton MBA wrote me to explain that it was, in so many words, a speculative economy. It was about perception, not reality. So I think the spikes come from people assuming they’re picking up a bargain, though history would suggest they should wait, let the top-heavy firms contract and the value of the circulating currency get a lot closer to the real value of goods and service, and then start to refuel the cycle when we’re more clearly down to glowing coals.

  4. John Verba says:
    October 14, 2008 at 11:13 am

    Also, I’ve been meaning to share the following with you for around a decade. I seem to recall noticing some Caps ads in the period when, I think, Trahan was doing your work, and I could see the humor they were going for, and felt like giving it a try myself.

    It was a fun exercise. I definitely think there are avid hockey fans out there who don’t yet realize they are. ; )

    http://www.ntgr8.net/?page_id=26

    Scroll down to the series second from the bottom. They should be good for a smile.

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