Markets Hit 2011 With A Jump

Markets Hit 2011 With A Jump

Markets held onto a rally Monday, spurred by news of continuing manufacturing sector growth. The Dow gained .98% in mid-morning trading, the S&P 1.24% and the Nasdaq 1.7%. But don’t start firing up your Scottrades and Etrades just yet unless you’ve got a fifth of Pepto in your desk drawer. 2011 is looking to be just as rocky as ever. [More]

Dow Jumps 400 On Euro Stimulus Loan News

Dow Jumps 400 On Euro Stimulus Loan News

Got whiplash? US and global indexes jumped on Monday, responding to news of a $1trillion European loan package to staunch their debt crisis. The rally reinstated the gains erased by a panicked sell-off driven by concerns that Greece’s debt crisis would infect other markets. [More]

Recession Boon Time For Online-Dating Sites

Recession Boon Time For Online-Dating Sites

eHarmony says they’ve noticed their site traffic increases on days when the Dow drops by more than 100 points. I guess add them to auto parts stores as another counter-cyclical investment. [Economist] (Photo: andronicusmax)

Freak Out Continues: Markets Close At Lowest Level Since 1997

Freak Out Continues: Markets Close At Lowest Level Since 1997

Bad day on Wall Street today, folks. The S&P 500 closed at the lowest level since April 1997.

S&P 500 Enters Bear Market

S&P 500 Enters Bear Market

Since the Dow made it look so fun, the S&P today dipped into its first official bear market since 2002. A bear market is usually defined as a 20% drop in securities prices from their high (Not a hard feat when the financials were hyped up on imaginary money from worthless mortgages). Is it time to sell, sell, sell? Not unless you’re retiring tomorrow, tomorrow, tomorrow. Investopedia says the best thing to do when you see a bear in the market is the same as when you see one in the woods: “Tuck in your arms and play dead!” In other words, don’t go crazy selling stocks at a loss. In both cases, fighting back can leave you bleeding, although toughing it out won’t be a pleasant experience either. And if you have money leftover after filling up your car, it’s actually a buying opportunity. Which I guess is like playing dead in front of the momma bear while your buddy gathers up all the cubs while mamma is occupied and then later you and your buddy train them to harvest honeycombs for you.

20th Anniversary Of "Black Monday" Crash Of '87

20th Anniversary Of "Black Monday" Crash Of '87

Today marks the 20th anniversary of the “Black Monday” crash of ’87, in which the stock market lost 22.6% in one day, the second largest one day percentage drop in history and one we’re not likely to see again any time soon.

Overstock.com’s CEO Patrick Byrne ‘Perhaps’ is an Ogre

Overstock.com’s CEO Patrick Byrne ‘Perhaps’ is an Ogre

We know Overstock.com sometimes has crappy customer service, as we amusingly revealed.