October 15, 2008 - publisher
Written by OTCPicks.com
Wall Street had yet another dismal day today as the Dow dropped 733 points as very weak and bleak economic data stoked fear and uncertainty in the markets. Investors are evidently worried that all the U.S. and global...
Read More
October 13, 2008 - publisher
Written by OTCPicks.com
Stocks around the world experience biggest one day rally in more than 75 years on Monday as the DOW jumps 936 points or 11.6 percent. Morgan Stanley also jumps 87% after nailing down an agreement from Japan’s Mitsubishi...
Read More
October 8, 2008 - publisher
Today, major central banks around the world joined together to slash interest rates to assist global credit markets and provide yet another support for the troubled financial and credit markets.
It took a while for the markets to digest this coordinated...
Read More
October 6, 2008 - publisher
Written by OTCPicks.com
Last Friday congress passed the $700B financial bailout bill and sent it to the President who summarily signed it. It seems that global markets did seem to think that the bailout would save us from a nasty global...
Read More
October 3, 2008 - publisher
Written by OTCPicks.com
With the economy on the brink and elections looming, Congress approved an unprecedented $700 billion government bailout of the battered financial industry on Friday and sent it to President Bush for his certain signature.
The final vote was 263-171...
Read More
October 1, 2008 - publisher
Written by OTCPicks.com
Investors have been watching and waiting for more than a week as Congress tried to hammer out a financial rescue plan for the U.S. banking system and the economy. On Monday the markets were shocked when the bailout...
Read More
September 24, 2008 - publisher
As things seem to grow more dire, and housing prices are dropping like a stone, credit is tightening up, job losses are mounting and everyone is bailing from the market, what is billionaire Warren Buffett doing?
Well, Mr. Buffett and his...
Read More
September 22, 2008 - publisher
Written by OTCPicks.com
Oil prices were up more than $25 a barrel today as investors became unsettled about the government’s $700B bailout plans. This was the biggest one day price surge ever for oil.
The Fed is going to have to auction...
Read More
September 21, 2008 - publisher
Written by OTCPicks.com
This past week has seen an unprecedented events happening on Wall Street and a major rollercoaster ride in the stock market. This past week shook the foundations of the world financial system.
Some of this week’s wild series of...
Read More
September 15, 2008 - publisher
Written by OTCPicks.com
Sunday, September 14th is already being called Black Sunday for Wall Street as troubled financial giants Lehman Brothers, Merrill Lynch and AIG were all desperately seeking lifelines for survival as frenzied behind-close-doors meetings happened around the clock. And...
Read More