Wrong, Just Dead Wrong

So it figures that when I say that the market will have a fairly good day all hell breaks loose and the Dow heads into the toilet for 100 points. Well things started off ok until the market started to falter as the price of oil popped up a bit. Things really went bad when the Philadelphia Fed index was released. The report, which was released at noon, the read on regional manufacturing plunged into negative territory for the first time in three years. The market was only expecting a modest decline from the August number. So as expected, the insiders turned tail and went for the exits. Now guys like me see that our stocks are down. Concern hasn’t slipped in yet as we still have a nice profit on SCUR and CLRK is up a little as well.

I came across this wonderful link to the PBS show Frontline. This episode is entitled “The Wall Street Fix” and is a great program documenting the kind of playing field the little guy like me is up against. The frontline folks have broken this program into five chapters that are easy to load. Here’s the link:

http://www.pbs.org/wgbh/pages/frontline/shows/wallstreet/view/

Enjoy the show.