Monday, May 16, 2011

Stocks Crater

Stock marketThe Nasdaq led to the downside today as stocks plummeted because (Pick no more than 2):

1. European debt. There goes Greece, again. Oh, and Portugal, too.

2. The arrest of the head of the IMF, Dominique Strauss-Kahn. Seems like he is alleged to have chased an employee down the hall, and sexually assaulting her.

3. RIM recalling 1000 playbooks. Seems like there is a problem with the operating system that prevents users from setting up the device.

4. Oil falls below $98 a barrel, as all this nonsense about a "summer driving season" is a bunch of, uh, nonsense. Gasoline fell 3-cents a gallon. If you fill up with 15-gallons, that's $.45. Now take that to Nordstrom's and spend, spend, spend!

5. US debt ceiling reached, again.

6. $50 LED 100 watt lightbulbs. Hey, nobody said environmentally friendly = cheap.

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