Today the Dow Jones was closed for President’s Day, but tomorrow it will open with a flourish, and the questions are which direction will it head after losing ground on Friday, although rallying back above 10,000 before the end of the day. I don’t do this often, and I hesitate [...]
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, [...]
The final financial post of 2009 for Top Finance Blog, and I thought it would be interesting to see what the best and the worst financial news of the year was. There was way more bad news than good news, and to answer the question of which one we want [...]
There was an interesting article on CNN Money today. It was titled Is the market rally a hoax?.
The basic question the article addressed was why did the stock market go back up? It looked at real estate, the banking sector, utilities, unemployment and large organizations and says that [...]
Goodness, where do I start?
Let’s start with the Dow, which dropped 203 points on the first day of October after a lot of new jobless claims and a weak manufacturing news report. It ended the day at 9509.28. That was a 2.09% decrease on the day. The S&P [...]
The date was 9/11/01; the time was 8:46AM. The stock market was supposed to open that day; it didn’t. Other than holidays or weekends, the stock market had never been closed for any other reason. This was the day it all changed.
The stock market stayed closed for days. [...]