Update @ 3:30AM: Oil has fallen significantly to below $70 USD, market improving.
Update: Market opens significantly lower on Philadelphia News
A quick post to let you know that you need to be watching the fundamental economic data being released in the US on Thursday. Releases on weekly jobless claims, consumer prices for September, industrial production for September [...]

The Dow Jones Industrial Average (DJI) ended 76.62 down last night, to close around 9,310.99 after a day heavy profit taking shook stocks and reduced the markets massive gains seen on Monday. The Dow surged almost 400 points in early trading but faded significantly in the afternoon session. It was bound to happen, since investors are trying [...]

Yes, the final post before I goto bed here in Melbourne, Australia @ 11:35PM GM+11 on October 10 (daylight saving) is that the US Market is going to be hammered much like the rest of the world. The worst thing ? Short selling is back in the USA after being blocked for a one month [...]

Marianne Moore, the famous American Poet, once famously wrote:
“War is pillage versus resistance and if illusions of magnitude could be transmuted into ideals of magnanimity, peace might be realized.”
This is exactly what happened on Wall St when the market opened this morning in New York, and what might happen if magnanimity was actually reached. As you would expect, [...]

Below is an embedded video of bushes Speech to the Nation. He explains the reasoning behind the financial crisis and why there is such a need for the financial bailout. The key statement is probably:
Easy credit — combined with the faulty assumption that home values would continue to rise — led to excesses and bad [...]