“Historic” is not a word we use lightly, but it seems appropriate to describe what took place in the financial markets last week.
As you look at the box score below, it masks the volatility that took place in one of the wildest weeks in Wall Street history. When the dust settled, the broad S&P 500 [...]

[Read more →]

“Historic” is not a word we use lightly, but it seems appropriate to describe what took place in the financial markets last week.
As you look at the box score below, it masks the volatility that took place in one of the wildest weeks in Wall Street history. When the dust settled, the broad S&P 500 [...]

[Read more →]

Earlier this year, some investors thought the key to a rising stock market was to see a big drop in the price of oil. Well, we’ve now seen a 27% drop in the price of oil since its July 3 closing high, but, as of last Friday, stock prices were still languishing near their July [...]

[Read more →]

You read right. Fannie Mae and Freddie Mac were seized by the government today, the goal being to rectifying the disaster that’s taken place over the last year in the housing and mortgage debacle. Treasury Secretary Henry Paulson, and the Director of the Office of Federal Housing Enterprise, James Lockhart, laid out a plan that [...]

[Read more →]

As we wrapped up the traditional end of summer last week, buyers and sellers were scarce on Wall Street.
For the first three trading sessions last week, volume on the New York Stock Exchange was the lowest of the year, according to Briefing.com. Apparently, investors decided it was time to relax a bit. Unfortunately, for [...]

[Read more →]