Facebook Stock Down More Than 50%, Schadenfreude Still Rising

Facebook Stock Down More Than 50%, Schadenfreude Still Rising

Facebook stock has reached a new low following news that analysts at Bank of America/Merrill Lynch and Bank of Montreal have lowered their price target for the stock. [More]

Stocks Tumble On Renewed Fears Of Greek Default

Stocks Tumble On Renewed Fears Of Greek Default

US markets fell 200 points on news that Greece could be on the precipice of defaulting on its debt. Wait, haven’t they been talking about that all summer? Yes, but this comes after the Germans, key players in resolving the crisis, are now publicly saying that Greece may default in a messy way. [More]

Bank Of America CEO's Pep-Talk Email To Workers

Bank Of America CEO's Pep-Talk Email To Workers

Bank of America’s CEO Brian Moynihan posted an email to the company’s intranet telling the rank and file to keep their chins up amidst their sinking stock price and news that they would be sued by AIG for selling crap mortgages. [More]

Stocks Up After Days Of Bleeding

Stocks Up After Days Of Bleeding

After swooning on Monday following S&P’s downgrade of US bonds, stocks posted gains on Tuesday as investors saw the over-reaction as a buying opportunity. Now investors look to see what the Federal Reserve policy board might say after their meeting later today. [More]

If You Want To Lose Money, Sell Your Stocks Now

If You Want To Lose Money, Sell Your Stocks Now

The plunges in the past week in the stock market are gut-wrenching but those who panic and sell off right now are going to be kicking themselves later, says legendary economist and former director of The Vanguard Group Burton Malkiel. The most you should do is rebalance your portfolio. [More]

Stocks Rally On Positive Jobs Report, Then Fizzle

Stocks Rally On Positive Jobs Report, Then Fizzle

Markets opened on an upswing Friday as the labor report came in at 117,000 jobs added for July, higher than the predicted 85,000. The unemployment rate even ticked downwards to 9.1% from 9.2% in June. But the rally quickly evaporated as concerns about the growing European debt crisis and how government spending cuts might stymie economic growth took precedence. [More]

Stocks Fall On Global Economy Fears

Stocks Fall On Global Economy Fears

Global stocks fell broadly Thursday afternoon amid worsening concerns about a global economic cooling and a European debt crisis. Each of the three major US indexes were down, deleting all the gains they had made so far this year. [More]

Strong Jobs Data Lifts Markets

Strong Jobs Data Lifts Markets

Markets rose as a day before the Labor Department releases its official monthly jobs report, two other reports came out that strongly suggesting it will be a pretty good one. [More]

Your Age -10 = % Of Your Portfolio That Should Be In Bonds

Just subtract 10 from your age and that’s how much percentage of your portfolio should be in bonds, commenter sevatt points out. [More]

Subtract Your Age From 110 To Figure Out How Much Of Your Portfolio Should Be In Stocks Vs Bonds

Subtract Your Age From 110 To Figure Out How Much Of Your Portfolio Should Be In Stocks Vs Bonds

With the Feds buying up more Treasuries, bonds are looking attractive. But how much of my portfolio should I have invested in bonds? What’s the proper asset allocation between stocks and bonds? Well, an old-school rule of thumb is that you subtract your age from 110. [More]

Fed Votes To Buy Up Treasuries, Keep Mortgage Rates Low

Fed Votes To Buy Up Treasuries, Keep Mortgage Rates Low

The Fed voted Tuesday to reinvest expiring mortgage-backed securities by putting the money into longer-term Treasuries. That, and the decision to keep rates at 0 to 1/4 percent, should keep mortgage rates low. Here’s the full statement following their coffee klatsch: [More]

Stocks Rise, Betting Feds Will Vote To Buy More Mortgages And Treasuries

Stocks Rise, Betting Feds Will Vote To Buy More Mortgages And Treasuries

Markets edged upwards Monday, betting that the Federal Reserve will vote tomorrow to inject more money into the system by buying up more mortgage-backed securities and Treasuries. [More]

Either Have The Temerity To Hold Stocks Or Get Out Of The Market

Either Have The Temerity To Hold Stocks Or Get Out Of The Market

One of the first studies of the recent market splat found that the investors most likely to be crushed thought they were investing for the long haul, only to be forced into cashing out at the worst possible time. According to the study, cleverly titled “When Everyone Runs for the Exit,” there are only two good ways to react to a liquidity crisis: hold onto your portfolio and trust that it will recover, or fold immediately to limit your losses.

Hey, America: You Lost $1.3 Trillion!

Hey, America: You Lost $1.3 Trillion!

Feeling poorer lately? You are! A new government report says that $1.3 trillion dollars of American wealth was vaporized in the first quarter of 2009.

Should A First Officer Make More Than $23,900 A Year?

Should A First Officer Make More Than $23,900 A Year?

BusinessWeek has an interesting article about the economics of regional airlines — the smaller companies that are subcontracted to operate the less profitable routes for major airlines. Some were stunned to find out that first officer on the flight that crashed in Buffalo, NY only made $23,900 a year. Is this too little?

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.

Housing Statistics Are Being Buoyed By So-Called "Vultures"

Housing Statistics Are Being Buoyed By So-Called "Vultures"

Sales of existing homes are up, which sounds like good news — except that if you really look at what is going on — it’s really sort of bleak. About half of all home sales in December were foreclosures, says Marketplace, where the house is sold for less than what is owed on the mortgage.

So, Why Is The Price Of Gas Rising Now?

So, Why Is The Price Of Gas Rising Now?

I just don’t get it. Does Consumerist know of a good media source that has a *current* (i.e., in the last week or two) breakdown of why the heck gasoline prices are rising 10 cents a week and more in the last month?