If you have some extra cash right now, there’s a big sale going on right now you should know about. It’s called the stock market.
stocks
Goldman Furious Over Our Posting Insider's Confession About Ripping Off Non-Profits
By 11.12.08
Goldman-Sachs read my post, “Goldman Rips Off Non-Profits, Endowments, Foundations, And Charities” about a conversation I had with a Goldman-Sachs trader where he boasted about ripping off charitable organizations with excessive fees, and they’re hopping mad. Here is the lovenote sent by Melissa Daly, VP of Corporate Communications:
Video: What Are Margin Calls?
By 11.10.08
What are margin calls? The term has been bandied about lately as being one of the reasons for the steep declines in the market. Basically, it’s when depositor’s margin account at a brokerage falls below minimum levels and the brokerage tells the depositor to either deposit more money or they have to sell off some of their holdings. And a spate of selling drives down stock prices because as supply increases, prices drop. But why are there margin accounts and why are brokerages making margin calls in the first place? Marketplace’s ever-salubrious Paddy Hirsch explains with girl scouts, girl scout cookies, a whiteboard, dry-erase markers, and stick figures, in the video inside…
Circuit City's Stock Is Too Low For The NYSE
By 11.1.08
More bad news for Circuit City. Its stock is trading so low that it is in danger of being delisted from the New York Stock Exchange.
The Great Depression Diaries, Part 2
By 10.29.08
Aug. 5, 1931. I went to the fruit market house this evening. It was almost deserted. The farmers cannot sell their produce because men are not working and it has become fashionable for each family to have its own vegetable garden.
Beware The Equity Index Annuity
By 10.28.08
With the stock market so scary right now, investors are looking for a sure thing, especially those approaching or in retirement. Enter the equity index annuity, which promises you’ll never lose money but if the index it’s tracked to, like the S&P 500, gains, you’ll get some of that. Though your maximum upside is capped and you have to agree to keep your money in there for a fixed term or suffer stiff early-withdrawal penalties. Annuities are infamous for being extremely complicated and festooned with bizarre fees, but, that aside, NYT Your Money reporter Ron Lieber analyzed a typical equity index annuity and found it was a bad bet. Here’s how the numbers played out…
Stocks Are Still Sad
By 10.24.08
Monday’s brief hope of a better week for stocks was exactly that as the market continued its downward spiral through Friday and international indexes suffered body blows. [WSJ]
The Great Depression Diaries
By 10.23.08
July 30, 1931. Magazines and newspapers are full of articles telling people to buy stocks, real estate etc. at present bargain prices. They say that times are sure to get better and that many big fortunes have been built this way. The trouble is that nobody has any money.
How Short Selling Works
By 10.23.08
A lot of people and pundits have been blaming short-selling for the recent stock market plummets, and even the SEC temporary banned it at one point recently. But what is short selling? Marketplace’s Patty Hirsch is back with another video and his whiteboard to give you the low-down.
By 10.14.08
../../../..//2008/10/14/dow-ended-the-day-by/
Dow ended the day by shooting up 936.42 points, 11%, ending at 9387.61, it’s largest one-day point gain in history. [Newsday]
Getting Married, What Do I Do With My Money For Now?
By 10.13.08
WooHoo! I got a job! Right out of college and everything. With an awesome sign-on bonus! Now what am I supposed to do with all this money? I know I have options. Stock Market (HA!), bank, and under my pillow. I would put it in the bank but I have a wedding coming up in less then a year to pay for and I want to know my options for making good quick investments. Please help!
By 10.13.08
../../../..//2008/10/13/stock-markets-finally-rose-with/
Stock markets finally rose with investors heartened by coordinated global intervention into the financial crisis and amid signs that the credit freeze was beginning to thaw a bit. [WSJ]
PHOTO: Wall Street Bull Had Blue Balls Today
By 10.9.08
The balls of the famous Wall Street bull got painted blue today. Before they were cleaned, a Gothamist reader snapped this pic. In terms of the creative comic output it’s sparked, this may be the funniest economic meltdown ever. [More]
3 Ways 2008 Isn't 1929
By 10.9.08
With the Dow currently below 8600, stocks are continuing their downward spiral this week, the but the WSJ tells us 3 ways why it’s totally different from 1929:
Financial Crisis Grips Earth
By 10.7.08
Just when you thought you were beginning to barely understand the financial cancer destroying America, it metastasized. Now it’s global.
The Economist Sums Up Financial Crisis: "Oh Fuck!"
By 10.6.08
If you feel at a loss for words to describe the now global financial cover, this spoof cover floating around the internet for September’s Economist says it all: “Oh fuck!” Download the large version, suitable for framing or desktop wallpaper, inside…
By 10.6.08
../../../..//2008/10/06/after-falling-800-points-in/
After falling 800 points in a single trading session, the Dow pulled back to finish down just 369.88. [NYT]
