Efficient market hypothesis is dead – for now
I have to report the sad passing of the efficient market hypothesis. The theory was officially declared dead yesterday at the World Economic Forum in Davos. There were no mourners. The announcement was made at a brainstorming session that involved many of the world’s top economists, politicians and business leaders … together with a few … Read more
Top 10 Scared Stock Traders of the Week
New York Stock Exchange October 9 Dow Jones down 675 points on the day Frankfurt Stock Market October 7 DAX declines 1.1% adding to the previous day’s fall of 7.1% New York Stock Exchange October 9 The day was the 9th worst day in NYSE history Frankfurt Stock Market October 10 DAX down 401.92 points … Read more
Financial Crisis Buzzwords
Finance for dummies, as Time says… Definition: Troubled Asset Relief Program, the government’s term for the Wall Street bailout bill. The term was first coined by Treasury Secretary Henry Paulson. The $700 billion bill passed the Senate Oct. 1, the House Oct. 3, and was signed by President Bush that same day. Usage: ”The point is that TARP … Read more
