One of the worst weeks in stock market history ended with one of the wildest sessions in history. After trading as low as 7882.51 and as high as 8,897.62, the Dow closed down about 128 points to 8451.The Dow tumbled early in response to
If 1987 was like being in a bad accident, this market is like running into a bully who beats you up and takes your lunch every day, day after day. In that regard, the current market upheaval is “more insidious” than the 1987 crash
While most everyone else on Wall Street is searching for a bottom or declaring the late dip has to be bought, John Roque, technical analyst at Natixis Bleichroeder, has other ideas.”The S&P could retest its 2002 lows” arou
Uncertain times continue on Wall Street — and financial centers around the globe.Following declines of 7% to 9.8% in major global proxies, the Dow careened lower Friday morning by nearly 700 points, before mounting a remarkable comeback to nearly break e
From ClusterStock.com, Oct. 10, 2008: The NIKKEI closed down 10%, and the FTSE is down 8%. The US and UK governments are working on a massive new bailout plan that might include:Temporary guarantee of all bank deposits Guarantee of all interbank lending
From Clusterstock, Oct. 9, 2008 Dow down 679. Which is a lot bigger percentage move than it would have been two weeks ago (7%). And what’s with these end-of-day market crashes, anyway?Barry Ritholtz thinks there’s some sort of technical floor at 8750