Tech Buzz Denton's Perfect Storm Of Gloom (TM) continues heading towards land, but it looks like Valleywag has already been hit. For a man of infamous balls, Denton is impressively pessimistic about the future of publishing. Valleywag is rumored to be closing, Consumerist may be up for sale.
Business Buzz Sure, the Dow and the S&P 500 are down, but one index is at an all-time high: the VIX, which measures investor fear. As a volatility index, the VIX tries to measure the market’s expectation of change in the S&P 500 over the next month. With the market in weird, wild territory, the VIX has been going through the roof.
What some stocks that were worth $1,000 a year ago would be worth now, plus what you could have done with that money had you spent it on beer instead. The thing about beer can cars is that they don’t handle all that well.
http://sadguysontradingfloors.tumblr.com/
A photoblog devoted to the unhappy faces of the global economic crisis. See also: sad finance faces.
Business Buzz Where to watch the meltdown of Wall Street. I’m not usually one to obsessively check the Dow, but today has been a wild show. Dow, S&P 500, Nasdaq — take your pick, they’re all looking pretty grim.
Politics Buzz He may be holding the economic fate of the world in his hands — his manly, sexy hands. The internet is calling him a hottie. Insert “he can bail me out anytime” joke here.