New home sales, factory orders fall as bailout talks stall - September 26, 2008 10:30

A combination of three negative news events helped intensify the focus on the floor of Congress to reach agreement on the $700 credit bailout plan. Stocks rose sharply during Thursday (September 25) as investors are banking on a bailout plan being finalized sooner rather than later. Partisan conflict over the final features of a plan […]

Feeling the heat of bailout turmoil - September 24, 2008 11:53

It would be hard to argue that Americans have never seen a more tumultuous investment and economic timeframe than what has been witnessed in the last week and a half. Many financial and investment markets have set new records for movement and volatility and fear and anxiety over the state of the economy and credit […]

The credit and finance roller coaster continues - September 19, 2008 13:20

Thursday (September 18) contributed to one of the most incredible, dramatic weeks of equities’ investment that Wall Street has ever seen. Thursday was the third day in the trading week that saw a 400+ point move in the Dow. The good news for investors was that the 410 point gain helped erase a sizable portion […]

Drama on Wall Street - September 17, 2008 10:13

The start of the economic week brought drama to the credit and finance markets. News circulated Sunday that large creditor Lehman was on the verge of bankruptcy. Other disconcerting news in the troubled credit sector sent Wall Street investors into a panic. After spending much of the day in a deep hole, the Dow plunged […]

Gold Rises as Stock Markets Tumble - September 16, 2008 13:09

SPOT GOLD PRICES recovered an early 2.1% tumble on Tuesday, rising above $780 an ounce as Japan’s Nikkei stock index closed almost 5% lower after Tokyo traders got back to work following a public holiday on Monday.

Gold Spikes as Wall Street’s “Fire Break” Fails to Hold - September 15, 2008 14:07

SPOT GOLD PRICES jumped 2.6% at the Asian opening on Monday but drifted back to $770 an ounce as world stock markets sank and money fled into government bonds following the overnight demise of two Wall Street giants.

Dollar remains strong - September 12, 2008 10:34

The dollar continues to post impressive gains against its European counterparts, most notably the 15-nation Euro, and the British Pound. One Euro is currently (September 11) worth $1.3994, after dipping below $1.40 for the first time in several months Wednesday. The Pound has actually recovered a bit in 24 hours against the greenback, but is […]

Trying to Pump Up What’s Busted - September 10, 2008 19:09

EVIL DAYS indeed. Scared and scarred by losses in all other assets, the world’s wealth suddenly wants to sit in the safety of US Dollars and US Treasury bonds.

US Government bails out Fannie and Freddie - September 10, 2008 8:30

Huge news in the credit markets came this past weekend, as the US government took over failing mortgage finance companies, Fannie Mae and Freddie Mac. The government takeover ended months of speculation amid concerns that failure of the two mortgage giants could have a catastrophic impact on already struggling credit and housing markets.