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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There’s only one word to describe what took place in the financial markets last week - ugly.
You probably don’t need to glance at the box score below to know that stocks dropped significantly last week. Monday’s dizzying drop of 777 points in the Dow Jones Industrial Average, attributed to the House of Representative’s failure to [...]

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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 [...]

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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 [...]

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The tug of war in the stock market ended in just about a draw last week as the Standard & Poor’s 500 index rose a fraction.
Since the beginning of the year, the S&P 500 index has traded in a range roughly between 1,215 and 1,450, according to data from Yahoo! Finance. However, when you consider [...]

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It’s no secret subprime mortgage borrowers default. But now it’s getting worse. Borrowers of prime mortgages are starting to default, and that spells trouble for a housing market already grasping for air.
Prime mortgages, or mortgages made to borrowers with good credit, are normally seen as safer bets for lenders, at least until now, anyway. Last [...]

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Despite a 15.2% drop in the price of a barrel of oil last week, the stock market finished mixed as weak jobs and housing data took center stage, according to MSN Money.
The Labor Department helped sour the market last Thursday by reporting another rise in first-time claims for state unemployment benefits. That kept fears of [...]

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Knowing Your Credit Score Saves You Money
Knowing and understanding what your credit score means is key to opening up your financial options, a fact I thought was well known but apparently not so says a joint study by the Consumer Federation of America and Washington Mutual Bank (where I once worked).
Credit scores are one [...]

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Bernanke to the Rescue for Homebuyers of the Future?
Dubious lending practices and borrowers less-than-educated in the realities facing them under certain borrowing terms could be a thing of the past. At least if Ben Bernanke has his way. Next week the Fed will be issuing new rules that seek to protect homebuyers from the disastrous [...]

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Haven’t done this before, but figured I’d point out some news that made the headlines today–all finance related, obviously, although the temptation to provide some other noteworthy (read humorous) news did cross my mind.
House bid to extend jobless benefits fails
For this broker, foreclosures spell boom
Trade deficit grows on oil imports
Doing the student loan shuffle
Time [...]

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