December 1, 2008 - publisher
Courtesy of OTCPicks.com
The stock market today suffered one of its worst days since the financial meltdown began, slicing 680 points off the Dow Jones industrial average as Wall Street snapped out of its daydream of a rally and once again...
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November 18, 2008 - publisher
On Tuesday, Treasury Secretary Henry Paulson and members of Congress clashed over the best use for the $700-billion financial bailout fund, with lawmakers demanding money to stem a national wave of mortgage foreclosures.
At a House of Representatives Financial Services Committee...
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November 13, 2008 - publisher
Provided Courtesy of OTCPicks.com
“Hold on, we’re in for a bumpy ride!” is the familiar saying that comes to mind right now in the markets. More bad news keeps coming despite all the government interventions and eye-popping money being thrown at...
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November 10, 2008 - publisher
Provided Courtesy of OTCPicks.com
ETF stands for exchange-traded funds. ETF’s are a lot like mutual funds but trade throughout the day very much like normal stocks. ETF’s are index-based, representing baskets of stocks, bonds or other assets and are often lower-cost...
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November 6, 2008 - publisher
Provided Courtesy of OTCPicks.com
After the euphoria and history of the election of Barack Obama, the United State’s first African American president, markets were quick to get back to the business at hand, ie. pricing in the negative effects of a...
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November 3, 2008 - publisher
Courtesy of OTCPicks.com
At the end of the day on Friday I walked outside as the closing bell rang and I swear I could hear the universe exhaling with a collective sigh of relief ending one of the most volitile months...
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October 29, 2008 - publisher
Feds Cut Interest Rate Half a Point
On Wednesday Oct 29, the Federal Reserve slashed a key interest rate by half a percentage point as it seeks to revive an economy rocked by the worst financial crisis in the better part...
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October 28, 2008 - publisher
Tuesday morning stocks roar higher out of the gate anticipating the Federal Reserve will cut interest rates at their two day meeting scheduled to begin today. Monday opened up with stock futures pointing downward but as the session moved on...
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October 22, 2008 - publisher
Written by OTCPicks.com
Wall Street had another rough day today with the Dow losing 514 points on worries that the global economy is rapidly weakening. The primary worries have shifted from the credit crunch to worries about corporate earnings as global...
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October 20, 2008 - publisher
Written by OTCPicks.com
Equity markets had a nice positive day on Monday as credit markets showed signs of thawing. A critical measure of lending between banks, the three-month Libor rate fell significantly providing signs that credit is again beginning to flow...
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