The Great Wall Street Crash of 1929 vs. Wall Street crisis of 2008
What’s wall street?
Wall Street is the historical center of the Financial District. Wall Street was the first permanent home of the New York Stock Exchange; over time Wall Street became the name of the surrounding geographic neighborhood. Wall Street is also shorthand for [...]
What’s wall street?
Wall Street is the historical center of the Financial District. Wall Street was the first permanent home of the New York Stock Exchange; over time Wall Street became the name of the surrounding geographic neighborhood. Wall Street is also shorthand for the “influential financial interests” of the American financial industry, which is centered [...]
http://www.pbs.org/wgbh/amex/crash/program/index.html
Now, instead of blaming Hoover and FDR for the depression, they should have been blaming debt at all levels of the nation. When you fuel growth more with debt than with productivity that creates wealth first that you then spend, you get an economy that can only grow if more debt is created.
At some point, [...]
Securities Regulators and State Attorney Generals came down hard on the practice of naked and/or manipulative short selling.
There was emphasis made on legal and illegal shorts that have had a habit of speaking poorly about situations they are short to others.
London followed suit to a reasonable but hopeful degree.
The Toronto Senior Exchange [...]
NEW YORK (MarketWatch) — Lehman Brothers led financial sector stocks lower
Tuesday at the open, as reports intensified that the New York investment bank is
busy hawking its asset management unit Neuberger Berman. Lehman shares dropped
6.3%, followed by insurer American International Group whose shares fell 4.6%.
After plummeting the previous day, Fannie Mae and Freddie Mac clawed back [...]
NEW YORK (MarketWatch) — Shares of Ambac surged 20% at the open Friday, while
rival MBIA Inc. rose 9.5% as Standard & Poor’s affirmed its AA ratings on both
bond insurers. Lehman Brothers shares also gained 5.8% in early action after a
regulatory disclosure Thursday showed billionaire George Soro’s hedge fund had
significantly raised its stake in the firm. [...]
NEW YORK (MarketWatch) — U.S. financial stocks fell early Tuesday, as the
Financial Select Sector SPDR , an ETF that tracks the financial stocks in the S&P500, lost 1.2%, while the Amex Securities Broker/Dealer Index slipped 0.3%.
Investors are closely eyeing financial firms as the third quarter begins, and are
maintaining negative outlook as the credit crisis continues [...]
Airline shares descend as oil prices rebound
By Christopher Hinton, MarketWatch
Last Update: 6/20/2008 3:13:00 PM
NEW YORK (MarketWatch) — Airline stocks were declining Friday on rebounding oil
prices.
The Amex Airline Index (XAL) slipped 7.5% to 17.99 points with all of its 14
components in the red. The index climbed more than 10% in prior-day trading after
China said it would [...]
Next up for airlines: credit downgrades
Sector benchmark plumbs new depths; crude firms above $130 a barrel
By Christopher Hinton, MarketWatch
Last Update: 1:17 PM ET May 23, 2008
NEW YORK (MarketWatch) — Airlines reversed direction Friday and headed south,
losing altitude on higher benchmark oil prices and analyst downgrades.
The Amex Airline Index (XAL) fell nearly 3.6% at last check [...]
NEW YORK (MarketWatch) — A stronger dollar was putting pressure on oil prices
Thursday, and that was translated into solid gains for airline stocks. The Amex
Airline Index rose 1.2% to 23.73 points with nine of its 14 components trading
higher. Crude for June delivery dropped 41 cents to $113.05 a barrel in
electronic trading, thanks to a strengthening [...]
Airlines rally as stronger dollar pressures oil
By Christopher Hinton, MarketWatch
Last Update: 10:09 AM ET Apr 29, 2008
NEW YORK (MarketWatch) — Airline stocks got a much-needed boost on Tuesday as a
stronger dollar was putting pressure on oil prices.
The Amex Airline Index (XX:$XAL) rose 1.8% to 22.18 points. All but one of its 14
components traded to the [...]
NEW YORK (MarketWatch) — A pullback in oil prices rallied airline shares on
Thursday. The Amex Airline Index jumped almost 2% to 20.38 points with all but
one of its 14 components trading up. Crude spot prices were at $116.15 a barrel
on the New York Mercantile Exchange, down $2.15. Carriers have been getting
slammed this earnings season by [...]
NEW YORK (MarketWatch) — Energy stocks tracked higher along with crude prices on
Monday. The Amex Oil Index rose 1% to 1,398. The Amex Natural Gas Index rose 0.8%
to 640. Crude prices rose 42 cents to $110.56 in morning action on the New York
Mercantile Exchange.
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