Dow down 512.76, 9th biggest point drop ever
Today August 4, 2011 the Dow was down 512.76, the 4th biggest drop point wise in history. We are now down 4.58% for the year.
Largest daily point losses
Rank
The President will be asking Congress to raise the debt ceiling again.
Normally, the strongest time of year for the market is the 4th quarter. It may be different this year. Note this email response from the senior Senator from Utah. "Thank you for contacting me to…
U.S. Stocks Rise on Bets of More Stimulus; Treasuries Pare Gains
Speculation that the Fed will embark on a third round of asset purchases to stem off a recession grew after the Wall Street Journal reported that three former policy makers support the approach. More…
Finacial Reform in Greece
Speaking before Parliament’s plenary session, Finance Minister Evangelos Venizelos referred to the finance ministry’s draft bill stressing that “the scenery should change” and underlined that “this…
El-Erian Says S&P Will Downgrade U.S. If It Holds to Outlook
Aug. 3 (Bloomberg) -- Standard & Poor’s will downgrade the U.S. after it enacted a law to reduce federal debt by $2.4 trillion over a decade if the credit-rating company sticks to what it…
Deutsche Börse-NYSE Deal Moves Ahead
BY ULRIKE DAUER FRANKFURT—German exchange operator Deutsche Börse AG Wednesday said more than 95% of shares had been tendered in favor of its planned tie-up with NYSE Euronext, removing a major…
ReInventing the American Dream, Abroad!
The late George Carlin, the outspoken and controversial comedian and modern day philosopher, said it best: "The reason they call it the American Dream is because you have to be asleep to believe it."…
It is a warning flag if the market is not responding to data correctly.
Prices move before fundamentals. It is a warning flag if the market is not responding to data correctly. This is one of the cardinal rules I write about in the Investment Survival Guide. I don't…
(Reuters) - Fitch…