Wells Fargo stock market analyst Al Goldman, who’s followed stocks for 50 years, once said, “Two emotions rule the stock market. One is greed and one is fear.” Make no mistake, greed is still alive and well on Wall Street. But …
Wall Street
Where Are Wall Street’s Value Investors?
Updated: 3:40 p.m.
Notwithstanding the modest bounce-back on Tuesday morning, Monday’s precipitous stock market decline probably won’t be the last of the ongoing meltdown, Wall Street seems to be saying.
One big reason for …
Downgrade Fever: How Wall Street Is Reacting, and Why
Average investors probably don’t like to hear it, but when it comes to reacting to major economic news like Standard & Poor’s U.S. debt downgrade on Aug. 5 — or even its downgrade of Fannie Mae and Freddie Mac on Monday — …
5 Takeaways From Thursday’s Market Plunge
As Mike Tyson once put it: “Everyone has a plan until they’re hit in the face.”
Well, investors certainly took one on the chin Thursday, with the stock market falling 513 points – off 4.31%, as measured by the Dow Jones …
Don’t Panic! For Most of Us, This Market Sell-off Is a Buying Opportunity
The dramatic stock market sell-off of the past two weeks, capped Thursday by a 512-point, 4.3% drop in the Dow, puts us in mind of a scene in Braveheart, when William Wallace (played by Mel Gibson) exhorts his troops to stay …
Stock Market Plunge: Why Wall Street Hates the Debt Deal
Leading up to the debt ceiling deadline, everyone was talking about how the stock market would crater if Washington couldn’t reach a deal. In fact, just the opposite has happened. When it became clear last week that Washington …
Is Main Street Abandoning Wall Street?
Call it the “fool me twice” market.
Skittish 401(k) investors aren’t sure about much regarding the stock market, but they do know this: Unlike 2008, when they were caught with their portfolio pants down, that’s not going …
The Faulty Logic Behind the Market Sell-off
With the debt deal concluded, you might have expected global markets to have rallied. Instead, the Dow Jones industrial average closed down 266 points yesterday, or 2.2 percent.
The reason? There is a growing consensus among the …
Deal or No, the U.S. May Be Downgraded: Why Investors Can’t Rest Easy in the Short Term
At a reception this past weekend for former Secretary of State Henry Kissinger, who is promoting his new book, On China, the onetime statesman said he had never seen Democrats and Republicans so at odds. It wasn’t hyperbole. He …
Debt Deal Winners and Losers on Wall Street
In a stagnant economy, there are no winners on Wall Street – only survivors. That goes double for Wall Street’s winners (and losers) coming out of the 11th-hour debt deal between Republicans and Democrats in Washington. While …
Did President Obama’s Remarks Move the Markets?
The financial markets paid little attention to remarks by President Obama on the debt ceiling debate this morning. Stocks and bonds basically treaded water even after a bombshell report from the U.S. Commerce Department that …
Middle Class Sees Biggest Employment Drop in Recession
Early on in the financial crisis there was talk of this finally being the Wall Street recession. Investment bankers, CEOs and other high-paid types would be thrown out of their jobs or see their paychecks cut. Manufacturing and …