Archive for the ‘s&p’ tag
Retailers Hurting Across the Globe
It’s been a rough day in the markets:
U.S. stocks slid, sending the market to its biggest two-day loss since 1987, after jobless claims jumped and the shrinking economy crushed earnings at companies from Blackstone Group Inc. to News Corp.
Why? A number of reports from a number of retailers about their same-day sales in October were [...]
Another Day, Another Fall
Ouch.
Here we are as of 2pm EST:
The fall is rather spectacular for it’s depth, even in the wake of a the massive bailout recently passed. It’s led some well-known investment experts to cry the sky is literally falling. According to Cramer:
“Whatever money you may need for the next five years, please take it out of [...]
A Decade Later, Back to Where We Were
Where We Are
It feels like we’ve been peering over this cliff for a while - I remember first hearing whispers of Countrywide Financial having problems last fall. That home prices might start to cave from their catastrophic heights. But after each mini-crisis, it seemed like we hit the bottom. Now it seems like we have [...]
Dow Jones Drops 780 Points
We seem to be making history on a daily basis. It’s just not the type of history we’d like to be making.
The New York Times has a synopsis of today’s events:
In a moment of historic import in the Capitol and on Wall Street, the House of Representatives voted on Monday to reject a $700 billion [...]
