Archive for August, 2009
With stocks now sitting more than 50% above March lows and notorious rally-spoiler September in sight, the calls for a pullback have been getting louder.
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Use any metaphor you want: the ticking clock, sands running through the hourglass or pages falling away from the calendar. The fact is, time is running out to claim the $8,000 first-time homebuyers tax credit.
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Use any metaphor you want: the ticking clock, sands running through the hourglass or pages falling away from the calendar. The fact is, time is running out to claim the $8,000 first-time homebuyers tax credit.
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While Detroit has benefited from Cash for Clunkers, foreign automakers have gained even more.
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Maybe the bear market ended your early-retirement dreams. Or you found out that your parents' nest egg is nearly gone. Or you just didn't think you could lose that much, that quickly. You're angry. Especially if there was a "financial adviser" -- what everybody used to call a broker -- getting paid along the way.
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For an academic from Dillon, S.C., Ben Bernanke is an unlikely gunslinger.
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The market keeps chugging along. But with speculative stocks like AIG and Vonage leading the way, you have to wonder if the rally won't soon go off the rails like Ozzy Osbourne's Crazy Train. Ay-Ay-Ay!
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Regional banks in Maryland, Minnesota and California were closed by regulators Friday, bringing the total number of failed banks this year to 84, the Federal Deposit Insurance Corporation said.
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