For now, it seems that the freefall that was known as Citigroup has slowed down and actually stabilized for awhile. The company whose stock price used to be around $55 a share back in 2006 is now hovering around $3.50 a share, but it’s been hovering around there for a [...]
At the beginning of the week, I proclaimed that the stock market, most specifically the Dow Jones, was going to go down based on how things had closed on the previous Friday. Therefore, imagine my surprise when the Dow ended the week up close to 400 points.
It’s a funny game, [...]
On Friday, the stock market took another big nose dive for the third day in a row. The Dow Jones dropped 217 points after President Obama’s speech, where he said that he wanted to have tougher regulations on banks that come up with tricks to help make their profits rise, [...]
If you’re older than 21, you probably remember Super Bowl XXXIV in 2000, when no less than 14 internet companies had commercials during the game. Some people thought that was the peak of the Dot Com Era; instead, it was actually the end, or drastic demise, of the dot com [...]
I thought I’d written on this one before, but I don’t see it so I’ll write about it now. I’ve heard people ask this question over and over; where did all the money go that was lost in the stock market and in real estate?
The answer is nowhere. The [...]
By now, everyone has heard of Bernard Madoff’s Ponzi scheme, but few people really understand just what it was he did.
To begin with, few people know just what a Ponzi scheme is. I found a great article on a news site, but I knew it would be gone pretty quickly. [...]