Aromatic therapy for stressed traders.

Wall Street is reeling from losses, and bankers are fearful of losing bonuses at best and jobs at worst. But while New York braces for the economic fallout, one group is benefiting -- psychotherapists.
Bankers suffering from anxiety or depression and looking for pills or deep therapy are making beelines for the couch. And for some it has gotten so bad they want to quit the money game forever.
"Traders are more stressed, more uncomfortable, more fearful about how the year's going to turn out, and less confident than they have been in years," said Ari Kiev, psychiatrist and founder of the Social Psychiatry Research Institute.
The year-long credit crisis has been traumatic for some bankers who have had their bank accounts, their career prospects and their self-esteem damaged.
Declining home prices in some parts of the New York metropolitan area and sliding stock prices, particularly in the banks themselves, have hurt bankers' wealth.
There was even a report they are unwelcome to apply to buy or rent apartments in some New York City buildings because of fears they will be bad credit risks.
And the therapists said many bankers and hedge fund managers that have lost substantial personal wealth are coming to them because they are also now facing divorce.
What depresses more than loss of money is loss of prestige, loss of self-esteem, embarrassment and comparative failing in contrast with their peers.
Tracking the Dow on Friday,1/08/08.

9:30am--GAP UP 50 points.
General Motors (GM) reported a hefty adjusted loss of $11.21 per share after revenues slipped nearly 18% from the prior year to $38.16 billion.

But a smaller-than-expected decline in July nonfarm payrolls reversed the pessimistic tone.
10:30am--Bullish Harami.
The opening bell gap up has been filled completely and extended to find an early low.The setting for the day's range has been made so took a buy position here .
11:30am--Hammer at MAV.
Close out position-sell.Oil prices are now up almost 1.4% to $125.80 per barrel.
12:30pm--Graveyard dojis.
In other economic news, the ISM Manufacturing Index came in at 50.0 for July. Economists expected a reading of 49.0. The reading is a reasonably good sign that manufacturing conditions have improved since the first quarter.
1:30pm--Bullish engulfing.
The indicies at hoovering at the MAV.The overall candlestick is a small bearish body spinning doji with a slightly longer lower shadow.
2:30pm--The bears refuse to budge.
Every component of the Dow Jones Utility Average is now in the red. Weakness in materials is focused around Monsanto (MON 115.39, -3.72) and Freeport-McMoRan (FCX 92.25, -4.50).
3:30pm--The MAV breakout.
The stock market is attempting to recover going into the final half hour of trade, led by buying interest in financials (+0.9%).
4:00pm--Pullback bears command.
A lower start for ist day of August.A rebound in the making.

Friday's candlestick has fall short of penetrating the July 29 half body of the bull.
August MAV 11,346.39 is way above July's MAV so the bulls are still in control.