- Jan
- 22
- 2008
- 5:41 AM
Today's market and the night sweats
- By: Ray Pellecchia
- File Under: Miscellaneous
After hearing all day yesterday about the selloff in markets around the world (repeated again earlier today), I was a little worried about returning to work today. Before bed last night I was scanning headlines on my Blackberry, and came across this neat bit of juxtaposition on the home page of WSJ.com.
At the top of the page, of course:
Asian Market Rout Continues
Relentless selling pressure persisted for the second straight session, with several Asian markets hitting multiyear lows. Hong Kong plunged 8.7% and Japan dropped 5.7%. European stocks also extended Monday's meltdown, with most indexes falling sharply in early trading. [These articles are updated from what I saw last night, of course.]
• Fears of a U.S. Recession Spread
• Deals Blog: M&A's Apocalypse Now?
And down low on the very same page:
How's that for a headline on the very same page that starts with talk of apocalypse? OK, the night-sweats article deals mostly with women suffering from menopause, not people stricken with market anxiety. But I just couldn't resist pointing out the timing.
Here's hoping today won't be quite as horrific as everyone expects. How's that for optimistic? I'm calling today, "May We Make It Through Monday."
A bit of trivia before you get down to it:
I suppose my colleagues and I are descendants of that "administrative staff." So happy 70th anniversary to us. Here's to that 1938 committee that put forward the word "salaried." My mortgage company thank you.Today in NYSE History
22 Jan 1938 -- A special committee recommended a reorganization of the NYSE top management structure: a Board of Governors and a salaried president supported by an administrative staff.
Comments
Excellent Ray!
Let's hope most people out there are not in the situation where they are kept up at night because of the market.
If they are, at least they can come here for a laugh!
-DT
by Dinosaur Trader on January 22, 2008 9:33 PM
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