Consumerist
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online dating
Recession Boon Time For Online-Dating Sites
eHarmony says they've noticed their site traffic increases on days when the Dow drops by more than 100 points. I guess add them to auto parts stores as another counter-cyclical investment. [Economist] (Photo: andronicusmax) -
markets
Freak Out Continues: Markets Close At Lowest Level Since 1997
Bad day on Wall Street today, folks. The S&P 500 closed at the lowest level since April 1997. More » -
sp500
S&P 500 Enters Bear Market
Since the Dow made it look so fun, the S&P today dipped into its first official bear market since 2002. A bear market is usually defined as a 20% drop in securities prices from their high (Not a hard feat when the financials were hyped up on imaginary money from worthless mortgages). Is it time to sell, sell, sell? Not unless you're retiring tomorrow, tomorrow, tomorrow. Investopedia says the best thing to do when you see a bear in the market is the same as when you see one in the woods: "Tuck in your arms and play dead!" In other words, don't go crazy selling stocks at a loss. In both cases, fighting back can leave you bleeding, although toughing it out won't be a pleasant experience either. And if you have money leftover after filling up your car, it's actually a buying opportunity. Which I guess is like playing dead in front of the momma bear while your buddy gathers up all the cubs while mamma is occupied and then later you and your buddy train them to harvest honeycombs for you.
S.& P. 500 Enters Bear Market as Stocks Plunge [NYT]
(Photo: Christina T) -
history
20th Anniversary Of "Black Monday" Crash Of '87
Today marks the 20th anniversary of the "Black Monday" crash of '87, in which the stock market lost 22.6% in one day, the second largest one day percentage drop in history and one we're not likely to see again any time soon. More » -
carol remond
Overstock.com's CEO Patrick Byrne 'Perhaps' is an Ogre
We know Overstock.com sometimes has crappy customer service, as we amusingly revealed. More »
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