What’s the fire sale?

    About Me

    • E-mail: paul@paulryburn.com
    • My Facebook page
    • Twitter: Follow me at @paulryburn (personal account) and @firesale (daily updates on the Fire Sale at the Downtown Flying Saucer)
    • My LinkedIn profile
    • My resume
    • Member, Ques Brothers Memphis in May BBQ Fest team, 2007-10; Third Place, Shoulder category, 2008
    • Founding member, Rapscallions trivia team

    Awards

    • First Place, Best Blog category, Memphis Flyer 2007, 2008, 2009 "Best Of" reader poll
    • Reader's Choice, Best Blog category, Memphis Flyer 2006 "Best Of" reader poll

    Photo Albums

    Wild ride on the stock market today

    Keep your eye on the stock market today… in case you missed this morning’s news, the Fed cut its prime rate 3/4 of a point in fear of a recession.  That’s a HUGE move – normally they move it up or down 1/4 of a point at a time.  Stock markets around the world went down the crapper overnight.  The U.S. markets have only been open a few minutes as I type this, and already the Nasdaq has lost 117 points, or 5% of its value.  (Edit a few minutes later:  It’s rebounded to only -2% now, so maybe there was an overreaction at the start of trading.)  You can track the market averages on The Motley Fool’s homepage.

    Comments are closed.