April 15, 2005

it’s economics, baby.

i’ve been keeping track of stocks and the market at large for the last several months, but the last three weeks real seriously. the market was way down today. it’s been slowly going down. until today when the dow lost 191 points. the s&p 500 lost 19.43. it’s interesting the companies that where up (of the ones i track): streettracks gold [GLD], johnson & johnson [JNJ], micromuse inc [MUSE] and starbucks [SBUX]. i’m pretty diverse in my tracking; energy companies, tech, banks, food, car manufactures, etc. and those were the only ones that were up.

today, being tax day, probably meant that people were cashing out like crazy to pay their taxes. but why did those select companies see positive numbers? i know, from a buddhist standpoint (and maybe the only one that makes any sense), the explanation is karma. but on a conventional level, why these guys? where’s krugman

when you need him?

posted @ 10:11 PM

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