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While mostly everyone who goes to work for Wall Street is looking to be a millionaire, it looks like that’s certainly not the case for all of them. The office of New York state comptroller, Thomas DiNapoli, has gone on the record saying that up to 10,000 jobs are likely to disappear on Wall Street [...]
I didn’t understand this concept of insider information as it applied to the stock market until Martha Stewart was indicted for it in 2003. It seemed like a ridiculous thing to indict her on for many reasons. One, the dollar amount was really small. Two, so someone gave her a bit of information ahead of [...]
In today’s complex global economy, everything is connected. The advance of technology and communication over the last few decades has served to create an ever-increasing connectedness across multiple asset classes. However, one of the clearest correlations that exists is the one between the price of oil and specific currency prices in the foreign exchange market. [...]
Ten days ago I said that investing one’s money takes confidence. It seems I was more accurate on that point than ever, as August 2010 turns out to be the worst August since 2001, and that was days before what happened to the World Trade Center. The Dow dropped 4.3% in August, including dipping under [...]
Last December I wrote on Intel being sued by the Federal Trade Commission based on the sweetheart deal Dell was getting for using their chips in Dell computers. The suit against Intel is about to commence, but it seems Dell did a proactive move and decided to settle with the Securities and Exchange Commission to [...]
We all knew it was coming, and today it finally came. The Dow Jones Industrials has been up and down, riding an interesting roller coaster over the past couple of weeks that saw it drop below 10,000 a couple of times, only to rally back above the mark by the close of the day. Last [...]
What a wild ride on Wall Street this past week. With worries about many countries in the European Union, the fall of the price of oil, and of course the massive oil spill that seems to be taking a life of its own, numbers were dropping for much of the week, even falling below that [...]