Markets

So it does seem like we are experiencing a crash. While today's loss was less than the Dow's 777 point debacle 8 days ago, the breadth of decline was stunning. Every component of the Dow was down on the day. In the S&P500, only 18 of…

Here are five books you will NOT find me touting at the Credit Writedowns Amazon Store.Dow, 30,000 by 2008: Why It's Different This Time - Robert ZuccaroDow 36,000: The New Strategy for Profiting From the Coming Rise in the Stock Market -…

The markets are having a very bad day today. After we saw the Europeans were also vulnerable to this credit crisis, stock markets worldwide sold off, with many European markets seeing their largest drops since 1987. For Europe, today is…

The Dow Jones Industrial Average has just fallen below 10,000 for the first time since 2004. Breaking through the 10,000 barrier was a huge deal on CNBC when we were partying like it was 1999, nine years ago. Essentially, we are back to…

On the heels of weekend trouble at European banks, markets in Asia and Europe are selling off this morning. At the weekend, we learned that Hypo Real Estate, a finance behemoth in Germany with $700 billion in assets was feared to collapse.…

If you want a good laugh, take a look at what Graham Norwood reports in today's Guardian. House prices in Britain are going to rise -- a lot! Apparently, he forgot that house prices are falling at double digit rates and we are in the…

Nationwide released its monthly survey of U.K. house prices and the results are not promising. In September 2008, the month-to-month of 1.7% matched last month's decline, but the annual change in Nationwide's index fell 12.4%, the largest…

It's not 777 points, but 485 points up will have to do for anyone who is not excited about a market crash. Financials were way up today despite the fact that Paulson's Economic Patriot Act was torpedoed by Congress. Let's savour the…

The headlines about home prices are pretty dire, showing a record plunge in home prices of 16.3% over last year. In reality, it's not all doom and gloom. So, let's dig behind the headlines about the S&P/Case-Shiller Index released…

UPDATE 6:15 PM ET: The Dow ended down 777 points for it's largest one day loss ever. The S&P and Nasdaq were both off 9%. The futures market show even greater losses are expected tomorrow.A brutal day in the markets was made that much…