Posts Tagged ‘rescue’

The Holiday Rally turns into a Post-Holiday Hangover

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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Fed Cuts Rates .5% to 1%, Oil Goes Up, Dollar Goes Down

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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World Markets Catch U.S. Financial Flu in a Steep Global Market Selloff

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...

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