Tag Archives: stock market

THE BEST OF DAYS by Peter Nolan Smith

Once a month Oilcan flew out of Logan to JFK for a weekly meeting at his investment firm’s main office. Traffic from the airport on the Grand Central was lighter than the previous month, which he considered another sign of the faltering economy. No wait at the Midtown Tunnel’s tollbooths was yet another signal of […]

TOMORROW’S TOMORROW by Peter Nolan Smith

Every Tuesday morning Oil Can flew from Boston for meetings at his investment firm’s New York office. Traffic on the highway from the airport was lighter than the previous month, which was a telling indicator of the failing economy. No wait at the Midtown Tunnel’s tollbooths was another as well as the drive to 57th […]

I was wrong. 9500 Is Not The Low.

On Sept. 26, 2008 I predicted the Dow Jones would freefall to 9500. The market resisted the inescapable tug of gravity for two weeks, then opened this Monday with the grim desperation of a 1929 banker standing on the window sill. “Sell, sell, sell.” The Dow Jones dropped over 700 points today to sink below […]