Wednesday, October 1, 2008

Bloomberg

I don't know why I didn't go earlier to check out the Bloomberg Terminal at Park Library in Carroll. This thing was sweet. I don't see it being of huge use to a pennystocker, like myself, but seeing the big firms that had huge holdings on the stocks i've traded was just the beginning of what this machine has to offer. I was getting a news feed just like ticks on a stockprice on the news page. Tons of gossip, spam, and perhaps a bit of honest truth just flying across the pages while also getting the MOST real-time stock prices I can get at the moment. TOS doesn't have shit on Bloomberg.

Of course, I have no idea how to use the damn thing when I get there. Sitting in front of it and marveling at the fact that I get to use two screens for trading is enough for me. The student librarians didn't even know what it was. So... I got to talking to the 60 year old librarian who knew more than what it was called. I think the lady thought it was funny when I asked her if anyone even used it. According to her, "we have a full class on business journalism." Fantastic! They pay 2k a month so all the kids can gather around 1 terminal and see news scroll across the screen faster than methed up bunnies multiply. In any case, I'm not complaining. I think i've found my on campus trading hub. There are computers, the library is very nicely lit, computers, journalism majors, and a fucking Bloomberg machine. The only thing missing is a live CNBC stream.

If the senate knows whats good for them, and they should after monday, the bailout should be passed on this evening for a $DJI rebound on the 'morry.