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stocks down

May 6th, 2010 at 08:43 pm

Thursday
Saving log - $0
Spending log - $1.75 coffee + $11 groceries
Found money - $0.05 (work carpet, sidewalk, Safeway floor)

Wednesday
Saving log - $2 tip box
Spending log - $1.75 coffee
Found money - $0.11 (grate in sidewalk, road)

Well, it looks like the flying fat finger of fate hit the stock market today. I've been looking forward for it to go down a bit - I'd like to buy some more stock but I feel like the price is too high...and most pay a dividend next month. Reinvesting them cheap means I get a bit more for my money.

It was weird though how it plunged 900 points and shot back up 600, all in the space of 30 minutes or so. People realizing the fat finger of fate, or an actual case of the rumored plunge protection team?

I had a spare moment and looked at a couple of financial sites that won a Webby this year. So far my fave is stockmapper, which produces a heat map of the stock market. Very red today!

The last little bit of news - I bonds have dropped in interest rate, but are still holding at about 1.5%. I have to download a new version of their Savings Bond Wizard program so I can still price my inventory.

1 Responses to “stocks down”

  1. Broken Arrow Says:

    Even now, I think there is some confusion regarding what exactly had happened. However, the fear in the market (over European debt and more) is said to be real, and so was the selling. Supposedly, this fear and selling was also amplified by high frequency trading and computerized triggered sells.

    Or as you say, the fat finger of fate. Big Grin

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