So today I am depressed by the general state of affairs in the US stock market. It just wasn’t a happy day, with all the slightly less than shining Q2 reports coming out, and investors dumping stock and tanking the market. I think the following chart, from my Facebook Stock Quotes application, says it all:

There’s only 1 stock that actually went up today in my list of 12, and it’s Phantom! Phantom is the game console company which doesn’t have a product and is described by Wikipedia as:

On February 21, 2006, it was revealed that the Phantom gaming console was put on hold indefinitely. It was also revealed in an SEC filing that Infinium had lost over $62.7 million in 3 years, over half of which was spent on marketing the company and its products which have not yet made it to market. Over $24 million was spent on salaries and consultants with only $2.5 million going towards development. Infinium claimed that they still intended to release their “Lapboard” if their financial situation improved.[13] The “Lapboard” repeatedly missed release dates of the second quarter of 2006, October 2006 and November 2006.

What a world we live in! Maybe next week will be more “green” for America.

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