The Dow is down 200 points today, and close to 500 points for the week. The latest round of weakness has been driven by the following:
1) Major Write-offs from Banks this week
2) HSBC Holdings PLC Downgraded to Neutral from Buy by UBS
3) Wachovia Profits Drop 10 Percent
4) Oil Prices Hit $90 a Barrel for the [...]

Posted in 1987 Stock Market Crash, Black Monday, Dow, Forex News, G7 meeting, Layoffs, Oil, Stock Market No Comments »

Here is the “In the Financial Papers Radio Broadcast” (Length: 11:09 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
In the Financial Papers:

 
**I will be on vacation next week so the next In the Financial Papers will be published on October 28, 2007
Podcast Covers:
- Oil prices: Will [...]

Posted in 1987 Stock Market Crash, Australian Dollar, Black Monday, Canadian Dollar, Crude Oil Prices, Dow, FX Radio, Fed Rate Cut, Federal Reserve, Forex News, Forex Podcast, Housing Market, Interest rates, Japanese Yen, New Zealand dollar, Oil, Stock Market, US Dollar, US Economy, USD/CAD, Wall Street Journal, euro No Comments »

Today is the two decade anniversary of the 1987 Black Monday Stock market crash. The Wall Street Journal compares the move in 1987 with the current market conditions. Here is a great chart, as well as links to today’s 1987 Crash Coverage (thanks to Barry Ritholtz):

What Did it Do to Currencies?
During the month [...]

Posted in 1987 Stock Market Crash, Australian Dollar, Black Monday, Dow No Comments »