01.22.2008 9:25 am
It’s a red-number day
St. Louis Post-Dispatch
When I turned on our Bloomberg this morning and looked at the monitor we have set up for local stocks, I saw something I’d never witnessed before: The sea of red numbers, meaning falling stock prices, was interrupted by only a handful of yellows (unchanged). The screen, with probably 60 or 70 prices, didn’t contain a single green number. Within a few minutes, a couple of unlikely candidates — Furniture Brands and CPI Corp. – had turned up, but the effect was stunning while it lasted.
Speaking of stunning numbers, look at a chart for Rehabcare today. It shows that the shares briefly traded for 1 cent, down from $25.12 yesterday. It’s obviously a mistake, but a scary one for anyone who owns the stock.
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David Nicklaus has covered St. Louis business for more than 25 years. His column appears three days a week on the Post-Dispatch business page. 
Lots of exciting and nailbiting news yesterday in the financial markets - looks like Wachovia had chosen a good news day to start the bloodbath fire-frenzy in their IT department.