What this market needs more than anything else is its own theme song, something that accurately reflects the current mood of investors. Here are a couple of ideas: "Upside Down" by Diana Ross, "Love Rollercoaster" by the Ohio Players, "Enter Sandman" by Metalica or "Sugar We're Going Down" by Fall Out Boy. None of them seem quite right though. If anyone has any suggestions, let me know.
Getting back to the market, stocks are headed down again. ADP Employer Services releases its report at 8:15 a.m. Eastern time, that may show that companies in the U.S. added 100,000 jobs in February, the slowest pace of increase since September, according to Bloomberg News. The Federal Reserve releases its beige book at 2 p.m. today. Meanwhile, stock futures are trading down.
How about "Signs" by the Five Man Electrical Band for the market's theme song?
In other news, Nikko Cordial Group's largest shareholder rejected Citigroup Inc. (NYSE:C) $10.8 billion buyout bid as too low. Several other big shareholders including Chicago-based Harris Associates made the same complaint, according to Bloomberg.
Dell Inc. (NYSE:DELL) in considering offering the free Linux operating system as an alternative to Microsoft Corp.'s (NASDAQ:MSFT) Windows. Consumers angry at Dell's poor quality machines now have an alternative to Microsoft's mediocre software.
FCC Chairman Kevin Martin has privately questioned recent testimony about Sirius Satellite Radio Inc.'s (NASDAQ:SIRI) acquisition -- not a merger -- of XM Satellite Radio Inc. (NASDAQ:XMSR), according to the New York Times. Martin questioned Sirius CEO's Mel Karmazin's claim that subscribers would get more programming for the same monthly rate.











Reader Comments (Page 1 of 1)
3-07-2007 @ 9:41AM
JimHim said...
How about an oldie? "..like a Rubber Ball, I come bouncin' back to you!"
3-07-2007 @ 12:41PM
Depity Dawg said...
Possibly "Revolution" by the Beatles, with the optimum phrase being:
"Don't you know it's going to be alright".
3-07-2007 @ 4:35PM
86theEar said...
The true theme should be: "Take the Money and Run" Steve Miller