My Blog, Your Money

So the market took a stunning turn today when the House of Representatives shocked Wall Street by not passing the $700 billion bailout.  The result?  A selloff the likes of which I’ve never seen.  The Dow plunged 777.68 points.  The S&P 500 responded with a decline of 107 points (~9%).  The Nasdaq followed by dropping […]

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It’s going to be an interesting day tomorrow: House to vote on $700 billion market bailout.
Even though, I am a free-market believer at heart, I think this bailout will definitely help the economy in the short term.  Is there a better alternative?  There pretty much always is, but in a situation such as this, we […]

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What a week!  Here’s a recap:
Monday
-         In the early hours of the morning, highly regarded investment bank Lehman Brothers announced it would file for Chapter 11 Bankruptcy, by far the largest in history.
-         Merrill Lynch is bought by Bank of America for $50 billion creating an industry titan rivaling Citigroup.
-         The Dow Jones Industrial Index […]

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Saw this over at My Money Blog: Museum Day 2008: Free Admission On Saturday 9/27.

Enjoy!

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Big news today: Feds take control of Fannie Mae, Freddie Mac.
On the heels of a tumultuous week on Wall Street (Dow Jones lost over 300 points, Nasdaq down 6.5%), this should restore some confidence in the financial markets.

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