Speaking of market tops....
We pick up our newspaper from a deli in our neighborhood, a tiny, one room place where they sell papers and sandwiches to locals and workers. They've always had a TV on, and in the past it was always on espn, continuous sports coverage. The guys would sit around on boxes or on the deep window ledge drinking soda and watching sports. But recently, the TV has been tuned to cnbc all day, and the guys (they work for the highway department, the utility company, the local quarry) collect at lunchtime, or drop in from time to time throughout the day, and they watch the stock market coverage, cheering either for their own stocks or for stocks owned by family members.
And the man who owns the shop and makes the Italian specialties for the shop, soup, pasta, meatballs, has a son who, until a couple of years ago, worked behind the counter, but after a course in computer programming, left the shop to earn 75k a year as a computer trouble-shooter. My husband went in to pick up the NYT, and there was a cheering section there for Chrysler, which had had a spike that day, and the shop owner told my husband, "My son made 80 thousand dollars on Chrysler today." |
