Posts tagged as:

market meltdown

Inside the House of Cards – Autopsy of the Crisis

March 1, 2009 · 2 comments

in US economy, market crash, video

If you didn’t catch this CNBC special, take a look.  Don’t worry, it’s not more doom and gloom – it’s more like an anatomy of what went wrong.  Yeah, yeah, you say, you already know by now what went wrong… but this version is more… “entertaining”?  If you think you’re against the idea of “regulation” [...]

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Portfolio Update – DOW Crash Causes Firesale on Canadian Bank Stocks

February 21, 2009 · 1 comment

in DJIA, portfolio, purchases, stock picks

Well, in case you don’t know yet, late yesterday and then all day today the stock market crash fell quite a bit MORE below its November lows (we’re definitely in new territory now) to close at 7365.67.  We’re now back at 1997 levels.  I’m not sure that that means that 25 years or so of [...]

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Back to the Bottom: Markets Retest November Lows

February 11, 2009 · 1 comment

in DJIA, market bottom, news and updates

This is what was feared would happen.  If the DOW managed to stay above 8000, we might be in for a recovery.  If it drops below 8000 again, all bets are off. Today, following Geithner’s speech, which provided little new information on the stimulus implementation, markets started dropping like it was another Lehman Brothers bankruptcy.
Overall, [...]

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Bailout of America Started Years Ago, But it Could Fall Bankrupt By Its Own Rules

November 28, 2008 · 2 comments

in US economy, international economy

Unlike some Bloomberg commentators have implied when they said that “we’re all in this mess together,” (ie., if the US goes bankrupt, it’s not just the US’s problem) the rest of the world should not be held accountable for what were originally US administration accounting problems and US I-banking greed which caused the original off-balance-sheet [...]

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Secret Fed and Treasury Knowledge of Market Meltdown

November 25, 2008 · 1 comment

in banks, capitalism, international economy, news and updates, spending

What if “They” (the Fed, central banks, hedge fund managers, I-bankers, etc.) knew all along how bad it was going to be and the last 6-8 months have been a careful, steady public letdown, slowly leaking the info out to the market so as to hopefully attenuate the crash rather than to let it all [...]

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