This Isn’t Just a Wall Street Bailout! - CNNMoney
The Economy’s Three Vicious Cycles - CNNMoney
The $55 Trillion Question - Fortune/CNNMoney
Dollar Surges Vs. Rivals on Rescue Plan Hopes - MarketWatch
Despite Bloodletting, Worst May be Ahead - MarketWatch
Oil Drops Most in 17 Years in Quarter - Bloomberg
Home Prices in 20 U.S. Cities Declined 16.3% in July - [...]
S&P and Gold Divergence
by Phil Streible
The stock market plunged, while gold rallied in a safe-haven bid after Congress rejected Treasury Secretary Paulson’s proposed $700 billion financial bailout package on Monday, September 29. While I think these trends will reverse in the short-term once some sort of relief package passes, in my opinion, the economy is [...]
The stock market is facing a meltdown after Congress failed to pass the proposed $700 billion financial industry bailout today. Here is a guide to price limits for stock indexes at CME Group.
Third-Quarter 2008
Market/Limit Overnight 5% (Up or Down) 10% (Down Only) 20% (Down Only)
S&P 500 and E-Mini S&P 500 [...]
House to Wall Street: Drop Dead - MarketWatch
Treasuries Extend Gains After House Rejects Rescue Plan - MarketWatch
Bank Bailouts Sweep Europe - CNNMoney
Wondering Which Bank is Next - CNNMoney
Stocks, Oil Plunge After Congress Rejects Bailout; Bonds Rise - Bloomberg
Fed Pumps Further $630 Billion into Financial System - Bloomberg
Copper Tumbles to Nine-Month Low on Speculation Demand to [...]
Effective with the start of trading on Sunday, September 28, 2008, ICE is revising Sunday evening electronic trading hours for:
Russell 1000® Index futures and options
Russell 2000® Index futures and options
All ICE FX futures and options including ICE [...]
Managing the Bailout - He’d do it for Nothing - NYTimes
Plan’s Mystery - What’s All This Stuff Worth? - NYTimes
Government Intervention Instills Chaos, Not Calm - SmartMoney
How Will the Bailout Work? No One Actually Knows - CNBC
Credit Markets are Still Frozen; ‘No One is Trading’ - CNBC
Home Sales, Durable Goods Orders Drop - Bloomberg
Bernanke Moves [...]
Given fears of a recession, market participants have upped up the odds the Federal Reserve will slash its key short-term interest rate (known as the Federal funds rate) at the October 29 Federal Open Market Committee Meeting. CBOT Fed funds futures are pricing in odds of 92 percent for a quarter-point cut, to 1.75 percent. [...]
Buffett Buys Goldman Stake in Economic ‘Pearl Harbor’ - Bloomberg
China Shuns Paulson’s Free Market Push as Meltdown Burns U.S. - Bloomberg
Barrick Sees Large-Scale Gold Buying on Bailout - Bloomberg
Loans Prices Tumble to Record Lows as Bailout Plan is Debated - Bloomberg
U.S. Existing Home Sales Down 2.2% in August - MarketWatch
Corn Rises on Cold Weather Forecast - [...]
Stock index futures are on the rise after two losing sessions after well-known investor Warren Buffet (a.k.a. “the Oracle of Omaha”) took a $5 billion stake in Goldman Sachs. He also gave his support for the $700 billion financial bailout plan now being presented before Congress by Treasury Secretary Henry Paulson and Federal Reserve Chairman [...]
Reaganomics $3.9 Trillon Debt Outrages Taxpayers - MarketWatch
Think Wall Street’s Going to Disappear? Don’t Bet on It - MarketWatch
Oil Closes With Nearly 3% Loss After Historic Leap - MarketWatch
Treasuries- Prices Edge Up as Bailout Doubts Raise Safety Bid - Reuters
Short Sellers Have Been the Villian for 400 Years - Reuters
Insight: Reserve Judgement on the Dollar [...]
