What’s the difference between “billions” and “millions”? About 650 points. Provided by Los Angeles Financial Planner, Rose Greene, CFP ® Did a mistake make a selloff more severe? The Dow Jones Industrial Average settled at 10,520.32 Thursday after a 347.80 loss, with fears over European sovereign debt affecting Wall Street. Yet the 347.80 decline was [...]
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Why the crisis has Wall Street stressed. Provided by Los Angeles Financial Planner, Rose Greene, CFP ® It would be wonderful if the U.S. financial markets could “decouple” themselves from what is going on in Greece, Portugal and Spain. Unfortunately, the debt situation in these countries is like a ripple in a pond. The question [...]
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Provided by Los Angeles Financial Planner, Rose Greene, CFP The stock market is amazingly resilient. You might be surprised at how fast the stock market can change … for the better. Let’s look at how the market has recovered remarkably – and quickly – from some notable downturns. 2008-2009: The collapse of the subprime mortgage [...]
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A look at stocks, commodities and memories (good and bad) Provided by Los Angeles Financial Planner, Rose Greene, CFP® A turbulent ten years. The 2000s gave us remarkable opportunity and remarkable volatility. They tested our patience, and many investment strategies. They taught us to hold on, hang in there and diversify. Stocks. Was it really [...]
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Weekly Economic Update for March 29, 2010
by Rose Greene, CFP on April 1, 2010
Quote of the week. “Nothing in life is to be feared. It is only to be understood.”– Marie Curie Reforms become law. President Obama signed his long-envisioned health care reforms into law on March 23, and he will sign the amendments to the bill into law on March 30. Most of the major changes will [...]
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