On Monday afternoon, the NASDAQ fell below 2000 for the first time in 27 months. Shares of Cisco Systems and Ericcson plummeted as some analysts slashed profit projections. Last week, Yahoo stock stopped trading in the middle of the afternoon because Tom Koogle, the firm?s CEO, announced that he was stepping down.
My question is this: How is the sell-off on Wall Street affecting your work? According to CNNFn.com, Al Goldman, a chief market strategist, claims that “We are in a state of semi-panic in the markets, a lot of irrational depression and a lot of irrational selling is going on.”
As an IT professional, how does this “irrationality” affect your workplace? Do constant warnings and speculations from analysts damage morale andsend people scrambling to access their portfolios during the day? Are people fine-tuning their resumes with the latest shift in the stock market?
Has the market reached the bottom yet?
