- Tuesday, 17 November 2009
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The daisy's for simplicity and unaffected air - Robert Burns
Google stock nosedives
THE AMERICAN financial markets writhed in panic on Monday as Congress rejected the floundering bailout bill.
Google's stock plunged a shocking 11.6 percent to close at $381 - falling below $400 for the first time in two years. Intel, Sun Microsystems and Yahoo each declined more than 10 percent.
Even the Vole felt the effects of a severe economic downturn as its share fell 8.7 percent. Microsoft general counsel Brad Smith begged the House of Representatives to "reconsider and support legislation that will reinstill confidence and stability in the financial markets".
Other companies that fell victim to the House intransigence included Dell, whose shares declined 9.4 percent Monday, HP, 6.8 percent and Oracle, by 9 percent.
Trip Chowdhry of Global Equities Research told investors that a number of Silicon Valley companies will struggle in the face of a continuing economic downturn. Chowdhry also noted that high oil prices were dragging down the US economy and forcing consumers to reduce their budgets for tech purchases. µ
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Meat the rich!
"Brad Smith begged the House of Representatives to "reconsider and support legislation that will reinstill confidence and stability in the financial markets""

I'll bet he did. His MS stocks are worth a lot less losing him several $millions no doubt. 

While most of the rest of us can't share in this loss unless government $ are spent to bail out the poor little rich boys.

Most of us don't work for stock options or obscene salaries, we work for a wage and we don't own stocks. I'm really wanting to help these bastards who screwed themselves through their own greed and self-righteous sense of entitlement. If they want to come down to my place I'll lend them a dime, a boot upside the head and a few words to live by, "Get a Job"
could could easily tell where this sh** was head'in 5 years ago. I guess for all us poorpers it’s just too f***ing bad.

@alex

im with you alex, let the robbin barstewards burn, let the free market rule once again, its not just the high flyers to blaim, its every tom dick and harry that spent spent spent, even when they knew fine well that if it were up to themselves they wouldnt have given themselves any credit, its payback time folks, its as simple as that, stop whingeing and get real FFS !! :O)