krugman.blogs.nytimes.com - 10/9/2008
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Tough to write a column - I mean, nothing much going on in the financial world …
Seriously, I'm sure we'll be hearing all kinds of explanations of today's drop - it's Paulson saying that he'll inject equity, or Obama's rise in the polls (yes, seriously, that's the right-wing line), or some ...
blogs.barrons.com - 10/8/2008
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blogs.barrons.com —
OK, now what’s wrong? Just yesterday, the ever-volatile
solar stocks staged a nice rally , as investors...
celebrated as the Senate tacked an 8-year extension of the solar investment tax credit onto the incredibly bloated financial bailout bill, ...
(more)
So What Happened To Solar Stocks This Time?
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Human lemmings
Bubble Meter —
Paul Krugman on a possible reason for the stock market sell-off: I’m sure we’ll be hearing all kinds of explanations of today’s drop... But you want to remember Robert Shiller’s classic real-time study of the 1987 crash. Basically, the crash had nothing to do with any news item. Investors sold because — drum roll! — prices were falling.The price-to-earnings ratio for the S&P 500 is now 11.6, compared to an historical average of about 14. In the dozen years I've been investing, there's never been an S&P 500 P/E ratio that low. As ...
Why?
GalaTime —
October 2007: People were buying Indian equities because prices were going up.
October 2008: People are selling Indian equities because prices are going down.
Sometimes, it really is just that. ...
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"What happened to global warming?"
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Schwarzenegger Backs Off Aid Request —
WSJ.com: What's News US 10/9/2008
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