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I knew today was going to be a fantastic day for equities given what we saw in Asia overnight and in Europe. But, 936 points up for the Dow is pretty spectacular. As bad as this past Thursday was for the market in general and financial…

Marshall Auerback here: I am somewhat simplistic about this, but if the issue is one of a drive for dollar liquidity, the Fed should be able to address that problem. Before the week ending September 17th, the Fed was not, in fact,…

Ben Bernanke and Alan Greenspan have been the worst monetary stewards in U.S. Federal Reserve history. A former Fed Chairman William McChesney Martin Jr. once said it was the Fed's job "to take away the punch bowl just as the party gets…

SourceDow Jones Chart - Yahoo! Finance

Honestly, I expected today to be up. In fact, it was a good day for much of the day. Overnight, the Hang Seng and the Straits Times were up over 3% in Asia. The European markets lost only a few percent. None of this prepared us for the…

The yield on U.S. Treasury securities shot violently upward for the third day as the U.S. Government prepares to raise hundreds of billions of dollars in defense of its banking system. Up until a few days ago, treasury yields sank as…

After rising from the mid 300s in May and June to almost 500,000 the past few weeks, we have finally seen a break in the claims for unemployment in the United States. This past week, 378,000 people filed initial unemployment claim, down…

Every U.S. Presidential election has a defining moment in the Presidential debates. I think we saw this election's moment last night. Throughout last night's debate, it was obvious that John McCain had a sense of disdain for Obama he…

Last night Barack Obama and John McCain had at it in their second Presidential debate in the U.S. John McCain has been slipping in the polls and needed a game-changer to break Obama's momentum. He didn't get it. Pundits and polls agree…

In July, I made my ten predictions for the markets and global economy for the rest of the year. Some of my predictions were pretty pedestrians, and some were fairly bold. Let's take a look and see how I'm doing.Here's what I originally…