Daily Wisdom

April 15, 2005

Another Down Day on Wall Street

NEW YORK, NY -- According to analysts, Wall Street had its worst day in almost 2 years with the DJIA dropping by 191 points... the third straight day of triple-digit losses. Not a few traders were beginning to bite their nails, and some were beginning to line up for jump-off points from the nation's tallest buildings.

However, more than a few market watchers were suggesting to just relax and see what tomorrow holds. "Sure, oil and gas prices are high by recent standards", said one trader. "But, adjusted for inflation, energy prices are VERY realistic."

Another pundit who wished to remain anonymous suggested, "The U.S. economy is by far the most solid, resourceful, innovative, and productive business engine in the world. Don't worry about temporary fluctuations."

In other news, General Electric Co. said Friday that first-quarter profit rose 25 percent from a year ago. Low-cost carrier Southwest Airlines Inc. said first-quarter earnings nearly tripled. The New York Times Co.'s profits nearly doubled in the first three months of 2005.

Some accountants are fearful that tax write-offs for capital losses may be down this year.

27 Comments:

At 4/15/2005 8:26 PM , Anonymous Chicken Little said...

The sky is falling... the sky is falling!

 
At 4/15/2005 8:39 PM , Anonymous mr. big said...

Blah! Blah! Blah!

Show me the money.

 
At 4/15/2005 8:40 PM , Anonymous Al Gore said...

I invented triple-digit losses!

 
At 4/15/2005 8:43 PM , Anonymous Auditors 'R Us said...

Are you making fun of accountants?

 
At 4/15/2005 9:19 PM , Blogger camojack said...

My poor, poor 401K...

 
At 4/15/2005 9:24 PM , Anonymous 'da Bunny said...

See...I told you this sosh-kurity privatization scheme was "risky".

-algore

 
At 4/15/2005 9:37 PM , Anonymous mig said...

I Think it's George Soros messing with the money changers...

 
At 4/15/2005 9:39 PM , Anonymous Beerme said...

Just another opportunity to buy low.

 
At 4/15/2005 9:46 PM , Blogger Hawkeye® said...

mig,
George Soros.... Yuck! Don't even mention that slimy, slippery, sloppy, slithery, slinky, slopehead (good alliteration, eh?) in my presence.... but don't forget to come back, OK?

 
At 4/15/2005 9:50 PM , Blogger Hawkeye® said...

'da Bunny
sosh-kurity?.... I don't understand it, but I LIKE IT!!!

 
At 4/15/2005 9:53 PM , Blogger Hawkeye® said...

berme,
Just another opportunity to buy "ein Pils" oder "ein Weiss Bier" oder "ein doppelganger"...

Was ist los? Mein Herren und Damen, ich bin ein Berliner....

or some such.

 
At 4/15/2005 10:12 PM , Anonymous Beerme said...

I think in honor of the warm, beautiful spring day here in Michigan, that I would like a nice cold hefe-weizen! MMMMMMMGGLLLRGH! (My Homer impression)

 
At 4/15/2005 10:14 PM , Anonymous Beerme said...

OK, maybe a nice Optimator would be good, too. I just realized how cold it is now that the sun went down!

 
At 4/15/2005 10:45 PM , Blogger Marc with a "c" said...

Hhhmmm... I work for GE, and their profits are up. Any connection? BTW, glad I could help on the pic. If I'd known you were better lookin' than me, I would left you on your own. ;)

 
At 4/15/2005 10:46 PM , Blogger Hawkeye® said...

beerme,
I'm not particular... I'll have whatever you're drinking!

 
At 4/15/2005 10:48 PM , Blogger Hawkeye® said...

Marc with a "c",
That must be it! You work for GE and their profits up. The connection is crystal clear!

 
At 4/15/2005 10:55 PM , Blogger Beerme said...

Marc looks decidedly like Alex Karras's sidekick, Rodney Alan Rippey!

 
At 4/16/2005 12:36 AM , Blogger Kajun said...

Hawkeye®:
Vat you mein "sometimes humorous"?

I click on your picture for a "larger image", and it's exactly the same amount of pixels as the one I clicked on.
=========================
Beerme: I know what you mean about the market...I'm just waitin to pounce!

 
At 4/16/2005 12:37 AM , Blogger Pat'sRick© said...

Hi Hawkeye. Your site looks much better than mine. Then again, I only started mine so I could say hi to camojack. I will post some thoughts on a flat tax tomorrow, though. For now, goodnight.

 
At 4/16/2005 6:14 AM , Anonymous Anonymous said...

Hawkeye,

Are you sure you are not John Bolton?

 
At 4/16/2005 6:19 AM , Anonymous Anonymous said...

Hawkeye

Heellllp!.....I'm being held captive in this ANONMOUS mode.How do I escape?Please explain how to choose an identity.

Maggie

 
At 4/16/2005 9:15 AM , Anonymous Mr. Baldo. He's Bald. Very Bald. said...

Mr. Hawkeye, I just found out about your site. Congratulations! I was never that up on Wall St. I've been very busy lately and haven't had much time to post on ScrappleFace or anywhere else, but I have gotten a few posts in.
My wax is now better than ever! "If you're not Bald it makes you Bald.™"
Now with Phlogiston®‼
Baldo's Shiny Wax™ for Balds. Available at your friendly neighborhood drugstore.

 
At 4/16/2005 10:37 AM , Blogger Hankbloviator said...

When it gets to be double digit inflation, double digit mortgage rates, double digit borrowing interest rates, then I'll start worrying.

Why can't liberals accept not only diversity of investments but also diversity of bull/bear markets? In the long term the market will always go up...that is until the Lord returns.

 
At 4/16/2005 2:25 PM , Blogger RAM said...

This comment has been removed by a blog administrator.

 
At 4/16/2005 2:31 PM , Blogger RAM said...

I say put Martha Stewart back in the "clink"!

Things were MUCH better when she was locked up!

 
At 4/16/2005 4:28 PM , Blogger Hawkeye® said...

Maggie
Try logging in as "Other". When it asks you for your website, you don't have to put anything in... it's optional.

 
At 4/16/2005 4:50 PM , Anonymous Other said...

Hey this works!

 

Post a Comment

Subscribe to Post Comments [Atom]

<< Home