“Hope springs eternal,” wrote Alexander Pope back in the 1700s and, after a rocky start, we ended last week on a hopeful note.
If you look at the numbers in the chart below, it was another disappointing week in the stock market. Last Wednesday and Thursday didn’t help matters as the Dow Jones Industrial Average posted [...]

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On second thought, maybe that wasn’t such a good idea.
Treasury Secretary Hank Paulson did an about face last week as he told Congress that the administration was backing away from the original plan of using the $700 billion bailout fund to purchase toxic mortgages. Instead, he said they would like to “consider using (the) remaining [...]

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Last week’s business news underscored the severity of the current economic slowdown.
We all know October was a bad month in the financial markets. What we didn’t know until last week was how bad the economy was faring during the market meltdown. Well, on Friday, the Labor Department delivered the dreaded news that our economy shed [...]

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Thank goodness, October is over.
Market historians were busy last month rewriting the record books on what seemed like a daily basis. Unfortunately, many of the new records were the type that we’d prefer to have remained unbroken. Here are a few of the new entries:
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