Black Thursday

Rosenberg Research's David Rosenberg provides our intro today: "The fact that Treasuries, munis, and gold are getting hit tells me that everything is for sale right now. One giant margin call where even the safe-havens aren't safe anymore. Except for cash." The  Fed unveiled an unprecedented liquidity facility to rescue…

Brief History of that other economic designed crash of 1929 BBC documentary On October 29, 1929, Black Tuesday hit Wall Street as investors traded some 16 million shares on the New York Stock Exchange in a single day. Billions of dollars were lost, wiping out thousands of investors. In the…

This article is about the stock exchange. For its parent company, see Intercontinental Exchange. The New York Stock Exchange (abbreviated as NYSE and nicknamed "The Big Board"), is an American stock exchange located at 11 Wall Street, Lower Manhattan, New York City, New York. It is by far the world's…

Sorry, folks, but I’m afraid it’s here: the recession. We’ve had a good run, some 128 months of economic expansion — more than a decade, the longest expansion on record. But all good things must come to an end. Dating economic cycles is by its nature retrospective, so we won’t…

Quote of the Week: “”Laws are made for men of ordinary understanding and should, therefore, be construed by the ordinary rules of common sense. Their meaning is not to be sought for in metaphysical subtleties which may make anything mean everything or nothing at pleasure.” —Thomas Jefferson (1823) Number of…

In 1997, a burgeoning computer company, Gateway, was going public. At the time, the New York Stock Exchange attracted showy launches of new offerings, and because Gateways mascot was a cow, it made sense to parade a 1,400-pound bovine through the trading floo…