Word: euros
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Earnings worries, euro worries, Greenspan worries - they've been dragging the Dow and NADSAQ down, session by session, doldrum by doldrum, for weeks. But throw in some Gulf War flashbacks, and you've got a real live selloff...
...report, but let's not split hairs.) With U.S. sailors dead in a likely terrorist attack on a Navy ship in the Persian Gulf and Israel bombing Palestinian headquarters in retaliation for a Palestinian lynching of Israeli soldiers (and with Iraq threatening to suspend crude production in some wacky euro-support blackmail scheme and Venezuela mired in oil-labor troubles) there was only one commodity scarcer than confidence Thursday, and that was black gold...
After a month of pre-announcements, preemptive strikes, and plenty of nail-biting over oil prices and the euro - a month that's hacked away nearly a fifth of the NASDAQ index's value - the third-quarter earnings season finally comes to Wall Street. After Monday's Yom Kippur/Columbus Day wasteland, in which a middling-to-down day showed signs of life in stocks like day-trader favorites Juniper and JDS Uniphase but a sort of languid absenteeism in almost everything else, investors will get a chance starting Tuesday to place their bets...
...reason I know all this, even though it's been years since I've been overseas, is that I've spent the past week tuning in to radio stations around the world on my home PC. I've tapped my toes to Celtic rhythms on LiveIreland.com caught the latest Euro-pop from Eldoradio in Luxembourg, and discovered my new favorite station: Radio Slovenia. I wasn't even sure where Slovenia is, but its Internet radio station plays some of loveliest classical recordings I've heard in a long time...
...DUISENBERG E.U. bank big sees his euro slide as Danes reject it. Hey, cheap Brie for the rest...