It was not smooth sailing, but investors managed to get a decent foothold on Tuesday as the Dow Jones Industrial Average rebounded over 200 points in the wake of the Steelers' hard fought victory on Monday night.
Investor confidence was at high tide heading into late trading on Monday with the Steelers set to face the winless Dolphins in Pittsburgh. However, a series of unfortunate events, highlighted by weather more suited to actual Dolphins than football players, left the outcome, let alone the commencement, of the contest in doubt.
"These types of systemic shocks can often cause short term havoc on the markets." Said Franklin Dudemeister, an analyst for Mellon Financial. "Much like a power failure over the entire eastern half of the US or military conflict in the Middle East, field conditions that [virtually] even the playing field between a superior team [Steelers] and an inferior one [Dolphins] are apt to induce investors to spew doubt all over the place. It's almost enough to make you sick with anxiety."
Jim Cramer, of "Mad Money," provided the following assessment. "Like a solid Blue Chip [stock], the Steelers proved that they can weather the perfect storm, so to speak and pulled through in the clutch." He added, "A 3-0 win isn't ever smokin' hot like your first prom date, but it get's the job done like your first wife... and isn't that really all we can ask out of life sometimes? Really? I predict big gains in the market on Tuesday."
In related financial news, the price of peat on the commodities market took a sharp turn down yesterday under heavy trading as news of the supply out of Pittsburgh spiked to it's highest point in history. Apparently, farmers discovered a rich peat bog approximately 600 square yards in size located just west of downtown Pittsburgh.
Investor confidence was at high tide heading into late trading on Monday with the Steelers set to face the winless Dolphins in Pittsburgh. However, a series of unfortunate events, highlighted by weather more suited to actual Dolphins than football players, left the outcome, let alone the commencement, of the contest in doubt.
"These types of systemic shocks can often cause short term havoc on the markets." Said Franklin Dudemeister, an analyst for Mellon Financial. "Much like a power failure over the entire eastern half of the US or military conflict in the Middle East, field conditions that [virtually] even the playing field between a superior team [Steelers] and an inferior one [Dolphins] are apt to induce investors to spew doubt all over the place. It's almost enough to make you sick with anxiety."
Jim Cramer, of "Mad Money," provided the following assessment. "Like a solid Blue Chip [stock], the Steelers proved that they can weather the perfect storm, so to speak and pulled through in the clutch." He added, "A 3-0 win isn't ever smokin' hot like your first prom date, but it get's the job done like your first wife... and isn't that really all we can ask out of life sometimes? Really? I predict big gains in the market on Tuesday."
In related financial news, the price of peat on the commodities market took a sharp turn down yesterday under heavy trading as news of the supply out of Pittsburgh spiked to it's highest point in history. Apparently, farmers discovered a rich peat bog approximately 600 square yards in size located just west of downtown Pittsburgh.
4 comments:
This is what happens when your field turf is composed primarily of ketchup.
The highlight of the game was watching Ricky Williams return...and leave 20 minutes later. On IR and getting paid big cash for 6 carries. Nice.
Also, it was of Roethlisberger to give Porter a gift INT in the first series. Christmas comes early sometimes...and sometimes my name is Christmas, but that's another story for another time.
Love in Christ.
Happy Chaunnukkkaaah (sp?) to you.
It appears as though the markets are continuing to exhibit relief with the win. Market timing trades should be placed the day after Steeler games...sell when they win, but buy when they lose.
newth3
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