The markets are eerily quiet today. Sto…

Posted on June 8, 2009 by Art Stone

The markets are eerily quiet today. Stock market is down about 1.5%, but interest rates, currency and commodities are almost as if the markets aren’t open.

About Art Stone

I'm the guy who used to run StreamingRadioGuide.com (and FindAnISP.com).
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4 Responses to The markets are eerily quiet today. Sto…

  1. robyn says:
    June 8, 2009 at 3:53 pm

    Dear Mr. Stone: So what do you think the quiet means? I’m going to watch the news at 4 p.m. (Eastern) re the Chrysler bankruptcy and the guy from Indiana who is challenging the lousy deal the bond holders got. I think this case could be HUGE, with mindboggling consequences (intended or not) for the whole economy.

    • Art Stone says:
      June 8, 2009 at 9:19 pm

      Well, we’ll find out tomorrow. The cynic in me suggests that someone will give Indiana’s pension plan $6 million to “just go away”. but the wild card in this has been showing up in the news the past few days – a Chrysler bankruptcy would void pending product liability lawsuits against the company. Trial lawyers have a stake in this too, and they have a lot of clout Ultimately, they may end up being the ones to squash this deal.

      Remember the movie Blazing Saddles? At one point, a character points a gun at his head and takes himself hostage, threatening to kill himself. That’s Chrsyer. They’re saying any delay will cost them $100 million a week in losses. If that’s true, why again is it we want to save them?

      Heh… I’m not the only one that has had that thought.

      http://www.youtube.com/watch?v=fFl3pWbfVX8

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