Now Its Earnings

Posted on Mi 22 Oktober 2008 in misc • 1 min read

  • Economy tags:
  • Economy meta: _edit_last: '5' dsq_thread_id: '265245102' author:

    First it was the credit crisis, now its earnings.  When will it stop?

    Tokyo's Nikkei 225 tumbled 5.9% to 8,796.10 points in early afternoon trading, as investors nervously anticipated a season of modest to dismal earnings reports and outlooks. Earlier, the Dow Jones industrial average fell 231.77 points, or 2.5%, to 9,033.66, after blue-chip companies posted bleak earnings. [via Forbes]

    It'll stop when people throw in the towel.  I thought I saw that recently but people are still too optimistic.  Maybe I'm just a permabear.