Commentary by Charles Feldman | May 6, 2010The massive financial earthquake brought about by the subprime mortgage debacle is still producing large aftershocks around the globe and today was one of the biggest. For sure, at first glance, it would appear as if the trigger for today’s dramatic–though temporary–drop of the Dow for a brief period of 998.5 points (its biggest ever [...]
Read the full article → Economy by Joshua Dorkin | September 29, 2006Although the stock market’s Dow Industrials has flirted with an all-time-high for the past several days, and oil has maintained its decline, the housing market continues to look weak. Here are a few highlights from Today’s MarketWatch report: – “Banc of America Securities said Friday it expects pending home sales to decline between 3% and [...]
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Wall Street “Plunge” Latest AfterShock Of Great Recession Earthquake
by Charles Feldman | May 6, 2010The massive financial earthquake brought about by the subprime mortgage debacle is still producing large aftershocks around the globe and today was one of the biggest. For sure, at first glance, it would appear as if the trigger for today’s dramatic–though temporary–drop of the Dow for a brief period of 998.5 points (its biggest ever [...]