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  • Stock Market Turmoil: Dow Jones Jumps and Dives in Day of Turbulence (-588.47)

    08/24/2015 1:10:39 PM PDT · by Red Badger · 37 replies
    NBC ^ | 08-24-2015 | by Erin McClam
    The stock market whipped between nauseating drops and roaring comebacks on Monday in a historic day of turbulence. Seized by fears that the Chinese economy is not as healthy as it appeared to be, investors sold with abandon at the opening bell and sent the Dow Jones industrial average down almost 1,100 points, the biggest decline on record in a trading day. Then the market staged a dramatic comeback and almost erased its losses, coming within about 115 points of break-even. By late afternoon, stocks were sinking again — and the Dow closed down nearly 600 points. "The movements we've...
  • Friday's other big number: Obama plays 248th round of golf as market tanks

    08/21/2015 7:55:06 PM PDT · by markomalley · 19 replies
    Washington Examiner ^ | 8/21/15 | Paul Bedard
    President Obama golf carted closer to his 250th round of golf as president Friday, a day when an even bigger number was making news, the 530-point stock drop. At the tail end of a 16-day vacation, Obama golf for the 248th time as president, more than most, but a long way from catching other presidents famous for hitting the links like Dwight Eisenhower. He played the Farm Neck Golf Club with former NBA great Alonzo Mourning, basketball free agent Ray Allen and Cyrus Walker, cousin to Obama senior advisor Valerie Jarrett. They played for four hours, 52 minutes, about average...
  • Dow, Nasdaq plunge 3% into correction

    08/21/2015 1:18:44 PM PDT · by SkyPilot · 64 replies
    CNBC ^ | 21 Aug 15 | Evelyn Cheng
    U.S. stocks closed deep in the red on Friday as global growth concerns accelerated selling pressure to push the Dow into correction territory. The Dow Jones industrial average closed at session lows, off 531 points and in correction territory for the first time since 2011 as all blue chips declined. The last time the index closed more than 500 points lower was on Aug. 10, 2011. In the last five years, the index has only had four instances with closing losses of more than 400 points. "For investors the momentum and the drive of the market is now lower (than)...
  • Day 2 Mega Crash: Dow Closes Down 530 Points

    08/21/2015 1:56:00 PM PDT · by amessenger4god · 39 replies
    That is a 3.12% loss in a single day. 5.18% today and yesterday. To put that in perspective between 750 billion and 1 trillion dollars in market value were just wiped out in two days in the U.S. alone. And it isn't even September yet. It is about to get really, really ugly. CNBC is reporting that China's market is now mirroring 1929, and we could see the Chinese market crash a further 9% over just the next 4-5 days. Again I'll ask you: is your treasure in Heaven or on earth? You can't eat your gold, your silver, or...
  • Dow now down 434...? Thanks Obama!

    10/15/2014 10:21:18 AM PDT · by AngelesCrestHighway · 82 replies
  • We’re in the third biggest stock bubble in U.S. history

    07/17/2014 8:19:18 PM PDT · by RC one · 21 replies
    Market Watch ^ | July 17, 2014, 7:27 a.m. | Brett Arends's ROI
    1853, 1906, 1929, 1969, 1999 Pass the question around your office. Call your money manager and ask him or her, too. Post it on your office notice board. Give up? Those were the peaks of the five massive, generational stock-market bubbles in U.S. history. Investors who bought into stocks around those peaks ended up earning terrible returns over the subsequent 30 years. Forget “stocks for the long run.” They ended up with “stocks for a long face.” The bigger the bubble, the worse returns. And, according to a new research report, we are back there again. U.S. stocks are now...
  • Billionaires Dumping Stocks, Economist Knows Why

    01/03/2014 9:18:37 AM PST · by gorush · 58 replies ^ | Thursday, 02 Jan 2014 | Newsmax Wires
    Despite the 6.5% stock market rally over the last three months, a handful of billionaires are quietly dumping their American stocks . . . and fast. Warren Buffett, who has been a cheerleader for U.S. stocks for quite some time, is dumping shares at an alarming rate. He recently complained of “disappointing performance” in dyed-in-the-wool American companies like Johnson & Johnson, Procter & Gamble, and Kraft Foods. In the latest filing for Buffett’s holding company Berkshire Hathaway, Buffett has been drastically reducing his exposure to stocks that depend on consumer purchasing habits. Berkshire sold roughly 19 million shares of Johnson...
  • Dow Hits 16,000 for First Time, S&P 500 Hits 1,800 (Both all time highs)

    11/18/2013 8:14:17 AM PST · by SeekAndFind · 46 replies
    ABC News ^ | 11/18/2013
    Stock market indexes are hitting new milestones on Wall Street. The Dow Jones industrial average crossed 16,000 points for the first time early Monday and the Standard & Poor's 500 index crossed 1,800 points. Stocks have been rising sharply this year as the U.S. economy improves, companies report bigger profits and the Federal Reserve keeps up its easy-money policies.
  • Stock market hits record high!

    07/12/2013 8:38:23 AM PDT · by SeekAndFind · 14 replies
    Decatur Daily ^ | 07/12/2013 | Steve Rothwell, Associated Press
    NEW YORK — Call it the Bernanke Boost. The stock market, which has been marching higher for a week, got extra fuelThursday after Federal Reserve Chairman Ben Bernanke said the central bank will keep supporting the economy. The Dow Jones industrial average and Standard & Poor’s 500 surged to all-time highs. And the yield on the 10-year Treasury note continued to decline as investors bought bonds. Stocks that benefit most from a continuation of low interest rates, such as homebuilders, notched some of the biggest gains. The chairman made the comments in a speech late Wednesday after U.S. markets had...
  • Wall Street is back

    05/13/2013 10:11:18 AM PDT · by 1rudeboy · 59 replies
    The Economist ^ | May 11, 2013
    American investment banks dominate global finance once more. That’s not necessarily good for America FOR a few tense weeks in 2008, as investment-bank executives huddled behind the imposing doors of the New York Federal Reserve, Wall Street seemed to be collapsing around them. Lehman Brothers filed for bankruptcy, Merrill Lynch collapsed into the arms of Bank of America. American International Group (AIG) and Citigroup had to be bailed out and the rot seemed to be spreading. Hank Paulson, the treasury secretary at the time, recalled in his memoir that: “Lose Morgan Stanley and Goldman Sachs would be next in line—if...
  • Stocks Slip on Muddy Outlook for U.S. Economy

    05/01/2013 9:30:54 AM PDT · by John W · 14 replies
    The Street ^ | May 1, 2013 | Andrea Tse
    NEW YORK (TheStreet) -- The S&P 500 fell after a spate of negative surprises in economic reports was balanced against expectations that the Federal Reserve will not be winding down its asset purchases in the near future. The latest employment numbers pointed to a slowdown in the economy with payroll processor ADP reporting that the private sector added 119,000 jobs in April vs. a downwardly-revised 131,000 in March. The number was below the consensus estimate of 150,000, according to Thomson Reuters. Similarly, the ISM Manufacturing Index dipped to 50.7 in April from 51.3 in March, falling further than the 50.9...
  • Jim Rogers: Major Crash Ahead For U.S. Investors

    03/11/2013 4:09:06 PM PDT · by Lorianne · 81 replies
    MoneyMorning ^ | 25 February 2013 | Terry Weiss
    Despite the current stock market rally, legendary investor Jim Rogers say the U.S economy is poised for a major crash and is warning investors to protect themselves immediately. In a riveting interview on Fox Business, Rogers warned Americans not to trust any of the positive economic news coming from world governments. "I don't trust the data from any government, including the U.S., Rogers said. "We know that governments lie to us. Everybody's printing money, but it cannot go on. This is all artificial." Rogers, who for years has been an outspoken critic of the Feds policies of "Quantitative Easing" says...
  • Dow Futures Down 226 After Obama Fiscal Cliff Speech

    12/28/2012 3:27:14 PM PST · by WashingtonSource · 40 replies
    Dow Futures Live ^ | December 28, 2012 6:15 p.m. | Dow Futures Live
    Dow Futures Live As on 28-Dec-2012 18:15:18 EDT 12,777 -226.00 -1.77%
  • Stock market tanks on Supreme Court Decision (going vertical)

    06/28/2012 7:42:52 AM PDT · by quesney · 50 replies
  • Stock Market rally was all about Walker Victory in Wisconsin.

    06/06/2012 6:44:46 PM PDT · by GlockThe Vote · 27 replies
    BI ^ | 6/6/2012 | Joe Wiesenthal
    Earlier we joked that some people thought today's rally was the result of the election outcome in Wisconsin last night. Well, serious people think so too. James Grant, of Grant's Interest Rate Observer, was just on CNBC, and this is what he told Maria Bartiromo: "...Today i think part of the source of the levitation was the Scott Walker triumph in Wisconsin." He explained: "People maybe are discounting the prospects of a return to something like freer if not free markets come the Fall if Romney or GOP decisively wins." Grant also said he expects a third round of quantitative...
  • Markets Hammered As Major Stocks Falter

    05/14/2012 7:28:05 AM PDT · by AmonAmarth · 27 replies
    24/7 Wall Street ^ | May 14, 2012 | Douglas A. McIntyre
    The DJIA is off over 100 points, 136 points, to 12,686. The NASDAQ and S&P 500 are off by similar percentages. The carnage is particularly severe in a few sectors. News that JP Morgan (NYSE: JPM) fired its chief investment officer reminded investors of how badly risk is managed at large banks. JPM has taken a $2 billion write-off its London traders took. JPM is down 2.81% to $35.90.Back of America (NYSE: BAC) is down 2% on similar sentiment about risk to $7.39, and Citigroup (NYSE: C) is down 2%. Morgan Stanley (NYSE: MS) is down 3.4%. Its debt will...
  • This May Be as Good as It Gets for Stocks in 2012

    04/25/2012 9:40:00 AM PDT · by NormsRevenge · 3 replies
    Yahoo ^ | 4/25/12 | Randall W. Forsyth |
    Unique may be the most over-used and misused word in the English language. Something that is unique is just that -- the only one. Unique cannot be used with a modifier. An object or person may be quite extraordinary or exquisitely rare. But to hear or read something or someone described as "very unique" sets my teeth on edge more than any fingernails on a blackboard. Apple (AAPL), however, does deserve to be described as unique. No other company could nearly double its earnings from a year ago and still be constrained by its capacity to satisfy demand for its...

    10/07/2011 2:21:40 PM PDT · by blam · 36 replies
    TBI ^ | 10-7-2011 | Sam Ro
    STOCKS TANK IN FINAL MINUTES OF THE DAY: Here's What You Need To Know Sam Ro Oct. 7, 2011, 4:00 PM More signs that the U.S. economy is not as bad as everyone thought. But, big downgrades in Europe bring us back to reality. First, the scoreboard: Dow: -18 S&P 500: -10 NASDAQ: -27 And now, the top stories: * The highly-anticipated September jobs data came out with a bang. U.S. companies added 103k non-farm payrolls. Economists expected just 60k. The July and August figures were both revised upwards. However, the unemployment rate was unchanged at 9.1%, which wasn't a...
  • Stocks End Sharply Higher, Dow Surges 400

    08/09/2011 1:23:01 PM PDT · by ilovesarah2012 · 44 replies ^ | August 9, 2011 | JeeYeon Park
    Stocks saw its biggest one-day gain since May 2010 Tuesday after a wild session as investors snapped up beaten-down stocks and following a Fed statement to keep interest rates near zero for at least two more years.
  • Dow Plummets 634 With Heavy Drop Following Obama Speech

    08/08/2011 5:55:05 PM PDT · by NoLibZone · 16 replies
    christian post ^ | August 8 2011 | By Jessica Fowler | Christian Post Contributor
    he Dow fell more than 600 points Monday, and had one of its largest plunges immediately following President Obama’s speech in the afternoon regarding the downgrade on U.S. debt. In his first public statement following the S&P downgrade, President Obama attempted to encourage Americans that markets still regard the U.S. government debt as being the highest possible grade. President Obama said, "Markets will rise and fall. But this is the United States of America. No matter what some agency may say, we've always been and always will be a triple-A country." Obama said he hoped the downgrade would give U.S....
  • Nervous investors unload stocks, drive Dow down over 600 points

    08/08/2011 4:34:00 PM PDT · by Jean S · 30 replies
    Milwaukee Journal-Sentinal ^ | 8/8/11 | Thomas Content
    Investors spooked by both the downgrade of the U.S. debt late Friday and the direction of the economy continued to sell stocks Monday, sending market indexes down 5% to 6%. The Dow Jones industrial average fell by more than 600 points, dropping below 11,000 for the first time since November. The Dow fell more than 633 points, to 10,810.83. The Standard & Poor's 500 index was off 6.66%, closing at 1,119.46, and the Nasdaq Composite index fell by 6.9%, closing down nearly 175 points at 2,357.69. Another down day on Wall Street followed declines in overseas markets earlier in the...
  • Here we go again...........DOW opens down sharply.....

    08/08/2011 6:56:33 AM PDT · by Red Badger · 226 replies
    MSN Money ^ | 08-08-2011 | Staff
  • Dow Falls thru the floor at opening bell..............

    08/04/2011 7:10:44 AM PDT · by Red Badger · 280 replies · 1+ views ^ | 08-04-2011 | Staff
  • Stocks Suddenly Stage Huge Turn Around, As The QE3 Talk Begins For Real

    08/03/2011 11:34:43 AM PDT · by SeekAndFind · 75 replies
    Business Insider ^ | 08/03/2011 | Joe Weisenthal
    People have been speculating about the prospects for QE3 since before QE2 even got off the ground. And with the recovery sputtering and stocks plummeting, the drumbeat has gotten even louder. It helps that Jackson Hole -- the conference where Bernanke announced his plans last year -- is right around the corner. And now the talk begins for real. WSJ's crack Fed Report Jon Hilsenrath interviews some former Fed officials (Donald Kohn, Vincent Reinhart and Brian Madigan) and finds growing support for QE3 IF inflation comes down. And inflation seems to be plummeting everywhere (oil is below $92, all the...
  • Stocks plunge, S&P goes negative for year

    08/02/2011 2:35:56 PM PDT · by John W · 94 replies ^ | August 2, 2011 | Ken Sweet
    NEW YORK (CNNMoney) -- U.S. stocks plunged on Tuesday as fears about a weak U.S. economy were enflamed after investors got another disappointing economic report - this time on consumer spending. The selloff was so broad and so deep it pushed the S&P 500 into negative territory for the year and bond yields to their lowest levels in nine months.
  • Dow Plunges 265 Points

    08/02/2011 2:40:36 PM PDT · by La Enchiladita · 72 replies
    Wall Street Journal ^ | Aug. 2, 2011 | Steven Russolillo
    Worries about the U.S. economy pushed stocks to the longest losing streak in nearly three years, sending the Standard & Poor's 500-stock index to a 2011 closing low. The Dow Jones Industrial Average tumbled 265.87 points, or 2.2%, to 11866.62, on Tuesday. The blue-chip index's eighth consecutive decline marks its longest losing streak since October 2008. It has lost 6.7% during the skid, dating back to July 22. This is only the sixth time the Dow has dropped eight straight days in more than 30 years.
  • Dow Logs 8-Day Loss, S&P Negative for Year [-265 Street says US has too much debt ]

    08/02/2011 1:29:57 PM PDT · by NoLibZone · 14 replies ^ | Aug 2 2011 | By: JeeYeon Park
    Stocks sold off sharply to end at session lows Tuesday with the Dow down for an eighth straight day amid worries over an economic growth slowdown even after President Obama signed a bill to avoid a debt default.
  • Dow ends below 10,000 on economic worries

    08/26/2010 1:46:40 PM PDT · by Kartographer · 70 replies
    The Dow closed below 10,000 on Thursday for the first time since early July a day ahead of an expected downward revision in U.S. second-quarter economic growth and a major speech by the Federal Reserve chairman. According to the latest available figures, the Dow Jones industrial average (DJI:^DJI - News) dropped 74.25 points, or 0.74 percent, to 9,985.81. The Standard & Poor's 500 Index (^SPX - News) lost 8.09 points, or 0.77 percent, to 1,047.24. The Nasdaq Composite Index (Nasdaq:^IXIC - News) fell 22.85 points, or 1.07 percent, to 2,118.69. The last time the Dow finished below 10,000 was July...
  • Dow 14,000 in 2011? Battered bulls feel vindicated (history show current pessimism is misplaced)

    08/02/2010 1:28:58 PM PDT · by SeekAndFind · 28 replies · 4+ views
    Marketwatch ^ | 08/02/2010 | Peter Brimelow
    A jagged July ends positive, and two battered bulls feel vindicated. First, a proprietary word: The Hulbert Stock Newsletter Sentiment Index (HSNSI) -- which the reflects the average equity exposure among a subset of the short-term market timing newsletters tracked by the Hulbert Financial Digest -- stood on Friday night at 35%, down from 47.5% on Thursday. Earlier this month, Mark Hulbert argued that the HSNSI's relative slow response to the market rebound off its July 2 low was bullish from a contrary point of view. Stocks are indeed slightly higher now, but so is the HSNSI. Mark Hulbert regards...
  • Stocks Post HUGE Surge: Here's What You Need To Know (DJIA +225)

    06/02/2010 1:15:08 PM PDT · by blam · 20 replies · 1,101+ views
    The Business Insider ^ | 6-2-201- | Joe Weisenthal
    Stocks Post HUGE Surge: Here's What You Need To Know Joe Weisenthal Jun. 2, 2010, 4:00 PM Finally, the bulls didn't blow it in the final moments of the day, as major markets ended near their highs. But first, the scoreboard: Dow: +225 (+2.25%) S&P 500: +27 (+2.6%) NASDAQ: +58 (+2.6%) And now, the day's key stories: * The stock market rally was in itself a big story. Yesterday's collapse was deeply unnerving to the market, and the resignation of the Japanese Prime Minister appeared set to further the global nervousness. That the bulls didn't blow it is huge. Big...
  • CNBC Pre-Market Data. Dow Futures below 10000

    06/01/2010 2:38:19 AM PDT · by ExxonPatrolUs · 22 replies · 1,779+ views
    CNBC ^ | 6/1/2010 | CNBC
    CNBC Pre-Market Data. Dow Futures below 9000
  • Dow ends worst May in 70 years

    05/28/2010 2:01:19 PM PDT · by Signalman · 2 replies · 344+ views
    NEW YORK ( -- Stocks cut losses but finished in the red Friday, ending a dismal month that saw the Dow Jones industrials suffer their worst May in 70 years, after a downgrade of Spain's debt reminded investors that Europe's economic woes continue. The Dow Jones industrial average (INDU) lost 122 points, or 1.2%, after having been down as much as 186 points earlier in the session. The S&P 500 index (SPX) fell 14 points, or 1.2%, and the Nasdaq composite (COMP) dropped 21 points, or 0.9%.
  • Dow Closes Below 10,000

    05/26/2010 1:45:55 PM PDT · by markomalley · 14 replies · 1,035+ views
    The Street ^ | 5/26/2010 | Melinda Peer
    NEW YORK (TheStreet) -- U.S. stocks took a sharp downward turn late Wednesday and finished solidly in the red, while the Dow closed below 10,000 for the first time since early February, despite some improving economic signals offered in the morning and following several sessions that found European sovereign debt concerns prompting a global selloff earlier this week. The Dow Jones Industrial Average shed 69 points, or 0.7%, to finish at 9,974. The move lower came after as much as a 90-point gain earlier in the day, emblematic of the mercurial swings that have dominated recent sessions just before the...
  • The Second Obama Stock Market Crash? How Will MSNBC Report This Story Tonight?

    05/06/2010 11:57:44 AM PDT · by JohnThune2012 · 57 replies · 1,934+ views
    The Greek Way Of Spending Tax Payers Money Is A Mirror Image Of What Our Democratic Leaders Have Been Doing For 15 Months Now!! How Will Pelosi, Reid, Obama And MSNBC Explain Their Way Out Of This Debacle? {Being they are using the same economic policies of Greece}
  • Dow Drops Nearly 300 as Jobless Claims Jump

    05/20/2010 7:45:07 AM PDT · by OldDeckHand · 137 replies · 5,057+ views ^ | 05/20/10 | Staff
    Stocks fell sharply Thursday after an unexpected spike in jobless claims and as global jitters pushed the dollar higher. -snip- The Dow Jones Industrial Average was down nearly 300 points, or almost 3 percent, and the CBOE volatility index, widely considered the best gauge of fear in the market, spiked more than 20 percent to above 43, its highest level in over a year.
  • Did God talk through the stock market - 6666 bottom NYSE composite

    05/07/2010 5:01:28 AM PDT · by RummyChick · 37 replies · 947+ views
    Yesterday's Range on the NYSE Composite 6666.96 - 7259.19 If God can talk through a burning bush he can do it through the Illinois lottery numbers 666 after Obama was elected and through the Stock market numbers. Just one more thing to add for those looking for the warning signs...and another for those that say it is all merely coincidence.
  • Here's A List Of The Stocks In Which NASDAQ Is Cancelling Trades

    05/06/2010 7:31:55 PM PDT · by blam · 28 replies · 1,942+ views
    The Business Insider ^ | 5-6-2010 | Henry Blodget
    Here's A List Of The Stocks In Which NASDAQ Is Cancelling Trades Henry Blodget May. 6, 2010, 9:30 PM NASDAQ is cancelling all trades made between 2:40 and 3:00 EDT in stocks that traded at more or less than 60% of the last price prior to 2:40. Here's a list of the stocks (and prices) the NASDAQ says are affected:[snip](Click to the site for the list)
  • Stock Market Panic Dow Crash 1000 Points Before Fed Steps in to Buy

    05/06/2010 4:23:24 PM PDT · by blam · 77 replies · 2,128+ views
    The Market Oracle ^ | 5-6-2010 | Nadeem Walayat
    Stock Market Panic Dow Crash 1000 Points Before Fed Steps in to Buy Stock-Markets / Financial Crash May 06, 2010 - 02:56 PM By: Nadeem Walayat The sovereign debt crisis shock waves emanating out of Greece triggered a stock market Free fall crash today as the Dow sliced through support after support to all the way below Dow 10k, hitting a low of 9,872 before the Fed as part of the Plunge Protection Team (PPT) stepped in to halt the panic selling and triggering an equally phenomenal a 700 point reversal less than half an hour from today's close. The...
  • Gold on Fire (up $33 as of now)

    05/06/2010 12:35:51 PM PDT · by milwguy · 21 replies · 864+ views
    kitco ^ | 5/6/10 | k
    gold up big, the contagion has lit the spark. Precious metals only safe port in the storm.
  • Stock Market tanking........

    05/06/2010 11:28:38 AM PDT · by AngelesCrestHighway · 102 replies · 4,170+ views
    Fasten your 401k's folks.......
  • Greece Fuels Fears of Contagion in U.S.

    05/06/2010 12:29:54 PM PDT · by marshmallow · 27 replies · 716+ views
    The Wall Street Journal ^ | 5/5/10 | Bob Davis and Mark Gongloff
    Crisis Would Likely Spread in Europe Before Crossing Atlantic, Economists Say; Wary Investors Monitor Credit MarketsInvestors and policymakers are starting to worry that the economic crisis in Greece could cross the Atlantic and undermine the U.S. economic recovery, in the same way that U.S. housing woes in 2008 battered Europe. "What we have seen is that contagion"—economist-speak for a spreading crisis—"has gone global," says Harvard University economist Jeffrey Frankel. Early credit-market indicators of contagion to the U.S. aren't yet flashing red, but investors are keeping a wary eye on them. "This is like we've agitated a colony of prairie dogs,...
  • US Stock Selloff Continues - Dow Down 988 points (-9%)

    05/06/2010 11:47:30 AM PDT · by AngieGal · 167 replies · 7,235+ views
    MarketWatch ^ | 5/6/10 | MarketWatch
    See Chart
  • Dow Now Down Over 220 As Europe Explodes (now down over 500)

    05/06/2010 11:22:26 AM PDT · by blam · 306 replies · 14,020+ views
    The Business Insider ^ | 5-6-2010 | Gregory White
    Dow Now Down Over 220 As Europe Explodes Gregory White May. 6, 2010, 2:09 PM The Dow is down 2.0% on worries over the European sovereign debt crises as investors move into less risky assets. Gold is up to nearly 1200. Volatility on the S&P 500 is up as well, over 13.09%: The center of all this, the euro, down against the dollar over 1.1%:[snip]
  • Dow ends above 11,000 for first time in 18 months

    04/12/2010 2:02:15 PM PDT · by NormsRevenge · 45 replies · 1,842+ views
    AP on Yahoo ^ | 4/12/10 | Stephen Bernard and Tim Paradis - AP
    NEW YORK – The Dow Jones industrial average has closed above 11,000 for the first time in a year and a half on investors' rising hopes about the economy. The Dow edged up about 9 points Monday to almost 11,006. The Standard & Poor's 500 index came within a point of hitting its own milestone of 1,200 during trading but closed just short of that mark. A loan agreement for Greece allowed U.S. investors to focus on domestic economic and corporate news, including announcements of two big deals. European leaders agreed over the weekend to make loans available to Greece...
  • Dow Hits 11,000, But Still in Recession?

    04/12/2010 11:02:14 AM PDT · by Kartographer · 30 replies · 997+ views
    TheAtlantic ^ | 4/12/10 | Daniel Indiviglio
    The Dow Jones Industrial Average has surpassed 11,000 today for the first time since September 2008. Yet, the U.S. could still be in recession, according to a statement released today by the National Bureau of Economic Research's Business Cycle Dating Committee. The group of academic economists declined to declare the recession over. According to the stock market, however, Wall Street would beg to differ. Who's right? Possibly neither.
  • Dow Stock Market Trend In 2010 Equals Dow Bear Market Of 1929

    02/10/2010 11:02:35 AM PST · by blam · 38 replies · 1,892+ views
    The Market Oracle ^ | 2-10-2010 | INO
    Dow Stock Market Trend In 2010 Equals Dow Bear Market Of 1929 Stock-Markets / Stocks Bear Market Feb 10, 2010 - 04:28 AM By: INO Is It Déjà Vu All Over Again for the Dow? In today's short video we examine the crash of 1929 and the similarities to today's Dow. This video is not meant to scare anyone, but to educate investors and traders of the possibilities that may exist in today's market. We could be, repeat, could be very close to a tipping point similar to that of 1930 when the Dow had ended a 50% correction to...
  • Stocks tumble after Bernanke details Fed plan (Stimulus failed now it's time to pay the piper)

    02/10/2010 7:38:22 AM PST · by tobyhill · 44 replies · 1,769+ views
    MSNBC ^ | 2/10/2010 | AP
    The stock market is falling as Federal Reserve Chairman Ben Bernanke details plans for dismantling the central bank's economic support measures. Bernanke says in prepared remarks to a House committee Wednesday that the Fed likely will begin tightening credit by raising the interest rate it pays to banks on the money they have deposited at the Fed. That would lead to an increase in borrowing rates for consumers and businesses. The Fed chief cautioned that the central bank is months away before it's ready to boost interest rates.
  • Rumors Of Greek Bailout Produce Monster Victory For The Bulls

    02/09/2010 2:28:31 PM PST · by blam · 12 replies · 488+ views
    The Business Insider ^ | 2-9-2010 | Vince Veneziani
    Rumors Of Greek Bailout Produce Monster Victory For The Bulls Vince Veneziani Feb. 9, 2010, 4:03 PM All it took was a rumor about Greece to bail this market out. The Dow closed up 136 points to end at 10,045. The NASDAQ closed at 2147, up 22 points, and the S&P 500 gained 12 points to close at 1068. Energy led the rally today, followed closely by the insurance and consumer goods industry. Oil rallied $2 to close at $73.87 a barrel. Gold rose to $1077.70, up $11.50 an ounce. Silver gained $0.38 to finish at $15.46.
  • 2010: Now Worse Than 2009?

    02/08/2010 2:43:06 PM PST · by blam · 1 replies · 351+ views
    Seeking Alpha ^ | 2-8-2010 | Bespoke Investment Group
    2010: Now Worse Than 2009? by: Bespoke Investment Group February 08, 2010 |Looking back on 2009, most investors will agree that the start of the year was a nightmare if you were on the long side. With that in mind, it's hard to believe that we're now down more in 2010 than we were at this point in 2009. Back in 2009, the S&P 500 was down 4.0% 25 trading days into the year. Barring a late afternoon rally today, the S&P 500 will finish its 25th day of 2010 with a 4.5% YTD decline. After starting the year off...
  • Dow closes below 10,000 for first time in 3 months

    02/08/2010 1:37:47 PM PST · by Kartographer · 62 replies · 3,023+ views
    AP/YahooNews ^ | 2/8/10 | TIM PARADIS
    The Dow Jones industrial average closed below 10,000 for the first time in three months Monday on nagging concerns about debt loads in Europe. Shares of big banks pulled the market lower, extending a slump that has led to four straight weekly losses. Rising deficits in weaker European economies including Greece, Portugal and Spain have raised questions about the health of the global financial system.