The world's stock markets have taken to making sharp downward lurches recently, worrying even those investors who made good profits from the record market upswings. At some point, these lurches could turn into a genuine bear market, a reality that raises that age-old investor question: Is there anywhere to hide?
Category
U.S. Economy
Fed Says U.S. Economy Now Growing, Inflation Still a Concern
The U.S. economy has climbed out of an early year rut, and is now growing
Apple, Countrywide, and DuPont Among Leaders in Stock Drop-Off
Stocks slid Tuesday amid a bevy of disappointing earnings reports and ongoing fear stemming from the housing slump. Some of the companies taking the brunt of the force included Apple Inc. (NYSE: AAPL), chemical giant DuPont Co. (NYSE: DPT) and Countrywide Financial Corp. (NYSE: CFC), the largest mortgage lender in the country. Homebuilders in the S&P 500 also hit a predictable skid retreating to lows that haven't been seen since October 2003.
How Low Can the Dollar Go?
At midday Monday in New York, the euro stood at a record $1.3844 against the dollar, while the pound had risen to $2.0625, a level not seen since 1980. And it was only briefly seen at that.
Tourism to U.S. Climbs as Canadian Dollar Hits 30-year High
Last week, the Canadian dollar hit a 30-year high, trading for 96 cents on the U.S. dollar. And some are going as far to predict the loonie will eclipse the greenback by the end of the year.
Stocks End Their Record Run
After five straight gains, and four consecutive days of record closing highs, stocks took a beating and fell yesterday because of housing worries and fears the subprime crisis could spread.
Fed Chief Calls For Modest Growth, Slowing Inflation;No Rate Hikes, For Now
"The U.S. economy appears likely to expand at a moderate pace over the second half of 2007, with growth then strengthening a bit in 2008 to a rate close to the economy's underlying trend," Bernanke said
Never Trust an Investor With a Microscope
Anytime stocks are on a record run, and you sense that investors are searching a little too hard for the good news needed to keep the advance alive, it's probably a good time to start being a little cautious.
Ackerman Hedge Fund Puts Bulls eye on Target
Pershing Square Capital Management LP, the hedge fund run by activist investor William Ackerman, has taken a 9.6% stake in upscale discounter Target Corp., the New York-based investment fund disclosed in a Securities and Exchange Commission filing yesterday.
Are the U.S. and China Headed for an All-Out Trade War?
Could a ruinous trade war between the United States and China be coming? It sure looks that way.