Friday, October 24, 2008
Live Blogging The Live Blog
Okay, so Floyd Norris at the New York Times is firing away on all cylinders live blogging the market. The wisdom of the day is that today is the big one, the real deal. Or maybe that's just the wisdom of the morning. Why today? How is this day different from any other day? No one knows. A few days ago the conventional wisdom was, "Buffett's buying, maybe we're close to the bottom," and if you haven't sold yet, don't try to time the market. New day, new conventional wisdom. And let's all live blog the bouncing ball. A risky enterprise: right now the headlines talk about a rout, while the stock charts beneath them show the market climbing up out of the opening faint. Still, Nouriel Roubini's call of 7,000 for the Dow is looking pretty good.
By
Mark Gimein
Tags:
djia,
nouriel roubini,
ny times,
recession