09-08-2008, 04:11 PM
Andrew,
This was the first link which showed up when I back tracked to find a link. I also saw it earlier on BBC online, NYTimes online, LATimes online, and CBS Marketwatch. As you can see if you read the article, it wasn't individuals who dumped their stocks but "professional" money managers. However, they aren't playing with their own money, but with the money of individuals who have their savings invested in mutual funds and 401Ks so they have limited direct control over where the money is invested. The market is a weird beast, companies will announce better than expected earnings and then the stock will go down because the fund managers get in a snit because they didn't get a heads up. Go figure!
www.business.timesonline.co.uk/tol/business/industry_sectors/transport/article4710018.ece
Carol
This was the first link which showed up when I back tracked to find a link. I also saw it earlier on BBC online, NYTimes online, LATimes online, and CBS Marketwatch. As you can see if you read the article, it wasn't individuals who dumped their stocks but "professional" money managers. However, they aren't playing with their own money, but with the money of individuals who have their savings invested in mutual funds and 401Ks so they have limited direct control over where the money is invested. The market is a weird beast, companies will announce better than expected earnings and then the stock will go down because the fund managers get in a snit because they didn't get a heads up. Go figure!
www.business.timesonline.co.uk/tol/business/industry_sectors/transport/article4710018.ece
Carol
Carol
Every time you feel yourself getting pulled into other people's nonsense, repeat these words: Not my circus, not my monkeys.
Polish Proverb
Every time you feel yourself getting pulled into other people's nonsense, repeat these words: Not my circus, not my monkeys.
Polish Proverb