Showing posts with label Crash. Show all posts
Showing posts with label Crash. Show all posts

Friday, May 28, 2010

Credit crisis revisited

This video breaks the crisis down better than anything I've seen.

Friday, May 7, 2010

Where were you when the Machines Ruled Earth?

The Peanut Gallery over at jolly ol' iBankCoin.com is already nostalgic* about yesterday's freaking meltdown (Hot Molten Maaaag-mah).

So where were you when the shit hit the fan?

Before that moment, I was in a hotel room chilling out (air conditioning is a gift from God), falling asleep just as the market opened. It was about 3 or 4 a.m. Hawaii time. I noticed FAS petering out and FAZ starting to launch ...

I got up from around 8:30 a.m. Hawaii time. By then, my screens looked like Vegas one-armed bandits pumped with speed pills, cases of Jolt and crack. At some point, I gave up the idea of surrendering my long shares of AAPL. Holding IMAX wasn't hard; it didn't really dive-bomb like the rest. (Today's a different story, though.)

So there. I saw it, it freaked me out a bit, and it bounced back. All while I was far from home, sitting in my underwear with a DO NOT DISTURB tag on my doorknob, watching CNBC on a 1990s-era TV.

How about you?