Boring market and Idle mind

Yesterday night was a boring night for me. It was really boring.

The Reason:

The U.S. stock market had a tough and choppy start because investors were worried about the situation of the New Century Financial Corporation (NEW.N), the largest independent U.S. subprime mortgage lender. It said that its lenders had cut-off financing or indicated to stop financing the company thereby pushing it in the likelihood of filing bankruptcy or asset liquidation.

The New Century Financial Corporation‘s share was hammered from USD 30.00 a month ago to USD 6.00 plus a week ago and USD 3.21 on Friday’s close then plunged to USD1.65 before it was suspended Monday.

I have no idea as to what will be the extent of its effect on Tuesday’s trading and how, if there will be any effect at all, will other global markets react today. I just hope that this will not lead to something that will trigger a repeat of what happened weeks ago. (When the giant sneezes, the dwarf gets the colds.)

For the time being, let us leave this matter to them- the people concerned and let me continue with what I am supposed to do: Blog.

The Problem:

As I have said, it was a boring day. There was No Action. Our customers, I supposed, were out somewhere doing something else.

It was natural therefore that I had nothing to do as well except to read and read whatever items my eyes could see from Reuters for hours. It was tiring and I could feel that my back was looking(?) for a bed.

The Solution:

So, in order not to invite sleep during working hours (evening here in this part of the world), I decided to do an exercise inside the trading area. I walked and walked and walked with nothing in my head (figuratively or possibly, literally(???)).

The Result:

I already had twenty rounds when suddenly the air (so there was something inside) that was circulating inside my brain was pushed out by crazy thoughts.

I stopped walking because these crazy thoughts kept on coming and going, coming and going, coming and going. Then finally, U.S. stock market closed (11:30 p.m. here). It was time to go home.

Moral of the story:

The boring market creates an idle mind. And true enough, the idle mind is the workshop of the he he.


Stay away from boring market. Keep on blogging and visit your favorite blogs. Just make sure your Boss won’t see what you are doing.

NOW you know what is boring market and idle mind. ha ha ha.

Note: The Stocks strike back but then, most of our customers stayed away.

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8 Responses to “Boring market and Idle mind”

  1. 1 verns March 13, 2007 at 4:44 am

    sheesh..dont know anything about the stock market…:) but anyway hopefully things are perky and alive again 🙂

  2. 2 Nostalgia Manila March 13, 2007 at 4:59 am

    Congratulations for being nominated in the 2007 Philippine Blog Awards.

  3. 3 rhodora March 13, 2007 at 9:11 am

    You should have sat there and analyzed the stock trends instead – or make believe you had huge stocks, and calculate in your mind how much they could be worth when trending zooms, etc. Ay, ewan, I don’t know much about the stock market.. hehehe.

  4. 4 Sidney March 13, 2007 at 12:55 pm

    “from USD 30.00 a month ago to USD 6.00 plus a week ago and USD 3.21 on Friday’s close then plunged to USD1.65 before it was suspended Monday.”

    Doesn’t sound boring to me…

    I thought you would be happy to have a quiet day. It seems your job is quite stressful.

    Congrats for your nomination! Hope you win !

  5. 5 manilenya March 13, 2007 at 4:57 pm

    oo nga congrats inggit ako lol!!

  6. 6 bw March 13, 2007 at 8:53 pm

    Bro, don’t you have TV inside the trading floor ? There’s a few TV’s permanently glued to CNN to keep track of world events that may affect the financial markets 🙂 In absence of clients calling, you could sit around and watch boring news 🙂

  7. 7 myepinoy March 13, 2007 at 10:07 pm

    Verns: Check out the PSE. They have some info about stock trading. They also have Stock Trading Game (paper trading) to practice. Or you may try ameritrade.

    Nostalgia Manila: Thank you and Congratulations too.

    Rhodora: Ha ha ha. They call that as paper trading.

    Sidney: Thank you. If you are doing nothing for the rest of the night but you can not just go home and sleep, that is stressfull too. On heavy night, it is also very stress becuase of the noise. Dapat yata magpahinga na ako. LOL…

    Manilenya: Salamat. Next time baka ikaw naman ang kasama.

    BW: We have, huge TV inside and we also have TV’s on our monitors – CNN, BBC, Bloomberg and CNBC but the rest are Arabic channels. (kakasawa na. ha ha ha). We use reuters for all the market news, info, prices, (pati fashion shows, ha ha..) and etc.. The problem is that I need to stay till the closing of the US market at 1130pm, so, ito ang challenging part kasi tahimik kaya sa malamang aantukin ka.

  1. 1 About stock market and bread « myepinOy’s bLOG Trackback on March 6, 2008 at 12:48 am

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