Brother, Can You Spare 400 Billion?
Click the below link for musings about Citigroup's $400 billion garage sale. ... [Full Story]
Rating: 3.8/5 (8 votes cast)
Stock Market Archives
Stock Market Archives. 1 Page.
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May 9, 2008
May 8, 2008
Business News & Review
Click the below link for synopses of the year's most noteworthy business stories to date: GDP growth, immigration reform and border control, the job markets, income growth and inflation, the stock and bond markets, Visa's IPO, the Federal Reserve and the Treasury Department, Bear Stearns, the oil and gold markets,... [Full Story]
Rating: 4.6/5 (9 votes cast)
May 7, 2008
The Stock Markets' Obama Factor
In January and February the stock markets were dropping faster than Ted Kennedy dropping off a bridge. As everyone certainly remembers, that was a time during which Obama was scoring caucus and primary victories more often than Eliot Spizer once scored with call girls. Then Clinton won big-time in Ohio... [Full Story]
Rating: 4.3/5 (14 votes cast)
March 22, 2008
Dollars and Senseless
Click the below link for musings about the stock and bond markets. ... [Full Story]
Rating: 3.8/5 (4 votes cast)
January 11, 2008
This Week's Business News
Value Investing Bank of America will purchase Countrywide Financial. Countrywide is the nation's largest pure-play mortgage lender. This is a no-brainer for B of A. Countrywide had become so absurdly cheap it simply had to be purchased. Along similar lines JP Morgan Chase and Washington Mutual have held preliminary merger... [Full Story]
Rating: 4.5/5 (17 votes cast)
October 17, 2007
Troubled Times: Morgan-Stanley dumps NYT stock
In a clear vote of "no confidence" in management, investment bankers Morgan Stanley sold their entire 10 million share stake in The New York Times, Leon Lazaroff and Jeff Kearns report for Bloomberg: Morgan Stanley, the second-biggest shareholder in New York Times Co., sold its entire 7.3 percent stake today,... [Full Story]
Rating: 3.7/5 (36 votes cast)
October 2, 2007
Dow hits new high
Sure there is a war going on, with a heavy cost in blood and treasure, the dollar fell to all-time lows, energy prices are extremely high worldwide, and the subprime mortgage market shows critical signs as housing markets droop. The Dow Jones Industrial Average, anticipating a cut in interest rates,... [Full Story]
Rating: 2.3/5 (68 votes cast)
August 16, 2007
Bernanke Agonistes
Every Chairman of the Federal Reserve Board of Governors in the "modern" era (beginning with the forced appointment of Paul Volcker by Jimmy Carter in 1979, since which time the Chairman has exerted his independent authority) has faced a crisis. Volcker's was simply beating back the squawking politicians as he... [Full Story]
Rating: 4.6/5 (14 votes cast)
August 11, 2007
Is the Housing "Bust" real?
We're hearing a good bit of noise surrounding the end of the super-boom in housing and the high default rates in the "subprime" mortgage sector, but what does it all mean? Over at Tech Central Station, Desmond Lachman thinks it is a big deal: In maintaining their rosy economic outlook,... [Full Story]
Rating: 4.2/5 (19 votes cast)
August 10, 2007
Fed pumps another $38 bil to avert credit crunch
The markets' free fall may have ended this afternoon as the Federal Reserve Board pumped another $38 billion into the banking system to avoid the feared liquidity crisis, matching the amount they made available yesterday. The Dow is now down about 80 points on the day, after being down over... [Full Story]
Rating: 3.3/5 (15 votes cast)
July 26, 2007
Dow Falls 400+ Points
It looks like there will be some great deals out there for bargain hunters. Update: Traders are taking advantage of good deals allowing the Dow to recover to -285 with seven minutes to go before the closing bell. ... [Full Story]
Rating: 4.3/5 (7 votes cast)
April 18, 2007
Dow sets new closing record at 12,803.8
The Dow Jones Industrial Average rallied to set an all-time record closing price of 12,803.8 today. From BBC News: America's leading share index, it finished Wednesday up 31 points to 12,803.8, beating the previous record close of 12,786.6 set on 20 February. JP Morgan Chase was one of the biggest... [Full Story]
Rating: 4.8/5 (11 votes cast)
March 8, 2007
Net Worth of US Households skyrockets
And it's due much to the gains made in the stock market: The net worth of U.S. households climbed to a record high in the final quarter of last year, boosted mostly by gains on stocks, the Federal Reserve reported Thursday. Net worth -- the difference between households' total assets,... [Full Story]
Rating: 4.2/5 (11 votes cast)
February 27, 2007
Dow is undergoing a minor correction
Update: My original title said major correction, but it really isn't. Four hundred sixteen points is not much of a correction for a market that's above 12,000 points. It's now down more than 500 points: NEW YORK (AP) -- The Dow Jones industrial average is down more than 500 points... [Full Story]
Rating: 4.6/5 (9 votes cast)
November 8, 2006
Just an Observation
Right now, the Dow is down by about 29 points, one day after the Democrats win back the House and probably the Senate. Update: Rush just made a great point that I wanted to share. Even though the unemployment rate is a mere 4.4% and the stock market is at... [Full Story]
Rating: 0/5 (0 votes cast)
October 18, 2006
Dow: 12,000 !!
Wow. I blame Bush. Update (Kim): Woo Hoo! And in just 15 minutes after the opening bell to boot! Update II (Kim again): From the WSJ (unfortunately, paid registration required): Early Wednesday, the Labor Department said the consumer price index decreased 0.5% in September, the biggest drop since November 2005.... [Full Story]
Rating: 0/5 (0 votes cast)
October 13, 2006
Another All Time High
The Dow hit another all time high when it closed today at 11,960.51. Update: National Review offers its view on the US economy.... [Full Story]
Rating: 0/5 (0 votes cast)
October 12, 2006
Up, Up, and Away
Today the Dow passed 11,900 for the first time ever. Update: The Dow closed at 11,947.70. ... [Full Story]
Rating: 0/5 (0 votes cast)
October 7, 2006
Not Bad. Not Bad at All
Great economic news. The unemployment rate dropped to 4.6 percent last month while wages increased by 4 percent. The nation's unemployment rate fell to 4.6 percent last month, down from 4.7 in August, and average wages rose by 4 percent over the previous year -- the best performance for both... [Full Story]
Rating: 0/5 (0 votes cast)
October 4, 2006
Dow Closes At Record High For Second Day
Today's close: 11,850.61... [Full Story]
Rating: 0/5 (0 votes cast)
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