Skip Navigation
Megan McArdle

Megan McArdle - Megan McArdle is a senior editor for The Atlantic who writes about business and economics. She has worked at three start-ups, a consulting firm, an investment bank, a disaster recovery firm at Ground Zero, and The Economist. She is currently on leave.
More

Megan was born and raised on the Upper West Side of Manhattan, and yes, she does enjoy her lattes, as well as the occasional extra-dry skim-milk cappuccino. Her checkered work history includes three start-ups, four years as a technology project manager for a boutique consulting firm, a summer as an associate at an investment bank, and a year spent as sort of an executive copy girl for one of the disaster-recovery firms at Ground Zero � all before the age of 30.

While working at Ground Zero, Megan started Live From the WTC, a blog focused on economics, business, and cooking. She may or may not have been the first major economics blogger, depending on whether we are allowed to throw outlying variables such as Brad Delong out of the set. From there it was but a few steps down the slippery slope to freelance journalism. She has worked in various capacities for The Economist, where she wrote about economics and oversaw the founding of Free Exchange, the magazine's economics blog. She has also maintained her own blog, Asymmetrical Information, which moved to The Atlantic, along with its owner, in August 2007.

Megan holds a bachelor's degree in English literature from the University of Pennsylvania and an M.B.A. from the University of Chicago. After a lifetime as a New Yorker, she now resides in northwest Washington, D.C., where she is still trying to figure out what one does with an apartment larger than 400 square feet.
« Previous McArdle | Next McArdle » Email Email Print Print

Has the market bottomed?

By Megan McArdle

Mar 10 2009, 12:45 PM ET Comment

It has to sometime--why not yesterday?

The chatter on Bloomberg is the most optimistic I've heard in a long while. And Vikram Pandit sounds positively giddy with the news that Citigroup was profitable in January and February; his stock is up more than 40% on the news, which would be more impressive if that didn't represent a gain of less than 50 cents per share.

But as traders say, even a dead cat will bounce if you drop it from high enough.  I'd put my money on short covering before I'd bet on a bottom.


Presented by

More at The Atlantic

SNL's Mick Jagger Episode: 5 Best Scenes SNL's Mick Jagger Episode: 5 Best Scenes
June 1book140 Shortlist: Whodunits June 1book140 Shortlist: Whodunits
Mitt Romney, One Night Stands, and the Economics of Relationships The Economics of Relationships
Baseball's Wacky First Two Months Baseball's Wacky First Two Months
The Next Asia Is Africa: Inside the Continent's Rapid Economic Growth Africa Is the New Asia

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register.
blog comments powered by Disqus

Correspondents

View All Correspondents

The Biggest Story in Photos

A Ring of Fire: The 2012 Annular Eclipse

May 21, 2012

Subscribe Now

SAVE 59%! 10 issues JUST $2.45 PER COPY

Facebook

Newsletters

Sign up to receive our free newsletters

(sample)

(sample)

(sample)

(sample)

(sample)

(sample)

Megan McArdle
from the Magazine

Why You Can’t Get a Taxi

And how an upstart company may change that

Europe’s Real Crisis

The Continent’s problems are as much demographic as financial. They won’t go away soon.

Why Companies Fail

GM’s stock price has sunk by a third since its IPO. Why is corporate turnaround so difficult…