Some see the the glass half full, some see it shattered on the floor

Here's a dire report about the stock market, Winning Streak May Be Ending, from the Washington post. It reports, ominously, that, "Weak retail sales and weakening consumer confidence are finally ending the stock market's long summer winning streak." Now, there are some indications that all is not well, but this dude has completely lost perspective.

Have a gander at the NASDAQ over the last 6 months: a rise form 1250 to 1850. But, this guy sees that tiny decline at the end there, and sees a collapse. That's right, this decline, this "end of the summer winning streak", lasted, as you can see on this closeup of the last 5 days, 2 days and dragged the market all the way down from 1880 to 1820. Lest you worry the NASDAQ is out of step, here's the last six months of the Dow, climbing from 7500 to 9500, and here is the recent "collapse" seen over the last five days. You can see there the dizzying nosedive the Dow took this week from 9600 to 9450. You'll also notice that its already back to 9500. The S&P?? Same story. Here's the last 6 months of apparently meaningless rise from 850 to 1000, and the terrifying collapse we've experienced over the last five days, going from 1025 to 1010.

I mean, it must be all this guy can do to stop himself from drinking some cyanide kool-ade. And what about Mrs. Financial Reporter? You gotta pity her. The Post needs to get this guy somewhere his talents can be used. Somewhere like Iraq.
- posted by Tom Sawyer @ 3:28 PM