Our Awful Situation

Archive for the ‘Economy’ Category

The Market Now: A ‘Violent’ Quest For Bottom

Posted by Charlie Kilo on July 8th, 2008

Remember what we said earlier about the Dow hitting 10,556? Time to run for the hills:

Unpredictable days like Monday, when the indexes moved from positive to negative at will and with little notice, are likely to become the norm as Wall Street searches for a market bottom and a recovery that could be months down the road.

“We’re getting news every 5 or 10 minutes that seems to change the psychological positions of the traders. That’s what’s really making this market turn,” says Michael Kresh, president of M.D. Kresh Financial Advisors in Islandia, N.Y. “Frightened money is jumping all over the place, and as long as that happens we’re going to get these whipsaw days.”

Why the Dow at 10,566 is the magic number

Posted by Charlie Kilo on July 8th, 2008

‘The game is over. There won’t be a rebound’: An interview with Michael Hudson on the economy

Posted by Charlie Kilo on July 7th, 2008

Dow nears 11,000 mark

Posted by Charlie Kilo on July 7th, 2008

Federal Reserve to be investigated by IMF

Posted by patriot on July 1st, 2008

Cramer: Banking Doom Is Upon Us

Posted by Charlie Kilo on June 25th, 2008

Dow Chemical hiking prices 25%

Posted by Charlie Kilo on June 25th, 2008

Only 32% of Americans have confidence in our banks

Posted by patriot on June 23rd, 2008

Dow Hits 3-Month Low, Sheds 4% for Week

Posted by Charlie Kilo on June 21st, 2008

Iran urges OPEC to move off the dollar

Posted by patriot on June 17th, 2008

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