
The stock market went down 800 points at one point, but ended Monday -370. Now Hollywood is asking: how low can media stocks go?
MONDAY, October 6, 2008
GE (NBC Universal) $21.38
Disney $28.26
News Corp (Fox) $10.80
Time Warner $11.23
Viacom $23.58
Sony Corp f$26.46
CBS $12.93
DreamWorks Animation $26.86
Marvel Entertainment $29.74


We had a rough day too, really. CAC 40 down of -9,04%, worst ever.
At least the Coneheads were fun. Now, if you ask me, I’ll answer I’m from Remulak.
yep, we’re fuckin FUCKED!!!!! oh wait.. we already are.
it’s not even like we can flee to Canada now.
For those of us too stupid to understand what this means, can SOMEONE please put this in practical applications for us? I mean, if we don’t have money in the stock market, and we’re writers so we already aren’t working and getting paid regularly – please explain. Will studios close their doors? Will all buyers disappear?
time to buy for 20 years down the road. Altria, GE, ATT all looking good and paying fat dividends.
Apparently an economy based on selling people shit they can’t afford isn’t sustainable.
It’s headed to 7,000. Trust me. These things are planned.
colinsmith: best line ever … well, today at least. So right.
Regarding today’s crash: What did anyone expect? The investors have no confidence in these corrupt politicians. This bailout is just one more example of the indivisible handjob stroking irresponsible CEOs and CFOs with billions so that they can run the American economy even further into the ground. So much for Keynesian economics. If the goal is to stimulate the economy, why not give the money directly to the American taxpayers? The government could do twice as much good for the economy by returning half as much money (as the bailout requires) directly to the hardworking American taxpayers. A bird in the hand is worth two in the bush administration.
It is time to strike now SAG, destroy whats left of the entertainment business.
WHAT ABOUT THE SHORT SELLERS? I recall everyone on this blog blamed the short sellers for the down market a few weeks back. Financial stocks are down significantly since the ban on shorting took place. It actually has worked against the market. I actually expect a bounce in the next 3-10 days. I run real money and am one of the bigger bears known on the street. For the guy who thinks buying stocks for the “long term” with “fat” dividends… think again. GE and T are nearly back to 1997 levels and they are having a hell of a time raising capital. GE a “AAA” company raised money at 10% and T is having a problem in the commercial paper market! Good luck everyone