Bellweather rail stock, CSX, up 8% today!

[elleng]

(Seen on Nightly Business Report, PBS.)

[Speck Tater]

1. At least the investor class is doing well. nt

[elleng]

2. My point is

that positive news and business for freight railroads means the economy is doing well, its a leading indicator of positive economic news.

[Fuddnik]

3. I glanced at Norfolk Southern earlier today, and they were down.

Yep, just checked. down 1.09%.

[elleng]

5. Interesting.

Those 2 fight tooth and nail, or did; they fought about splitting up CONRAIL routes, ended up sharing. Haven't followed as closely as I used to. (Worked at Interstate Commerce Commission, and regulated them guys.) What about UP and BNSF???

Nevermind BN; Buffet owns them. Wondering how their carloadings compare.

[Fuddnik]

6. I was an Engineer for 31 years.

[elleng]

8. For whom?

[Turbineguy]

4. There are lots of ordinary people

in your investor class.

[Speck Tater]

7. Those are the very ones being bilked by the 1% that owns 99% of the market. nt

[girl gone mad]

9. Not really.

The bottom 80% have less than 7% of the overall financial wealth. Only a fraction of that is held in equities, and that amount has been rapidly declining in the last few years (even accounting for the rally). The stock market really does not reflect the economic health of the 99%. Most people's financial wealth is still tied up in the still declining housing market.