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The Dow was worth 20 ounces of gold both in 1929 and 1980, but bottomed at near one ounce of gold in 1932 and 1980. The recent bear market began with the Dow priced near 43 ounces of gold, and is worth less than 12 ounces today, on its way to re-test the 1932 and 1980 lows.
Why are we asking this now? Because the art market is showing sure signs of faltering after six years of boom.
(AP:SUNNYVALE, Calif.) Palm Inc. said late Monday it expects revenue for its fiscal second quarter to come in below Wall Street expectations and plans to cut quarterly expenses by $20 million.
(RTTNews) - The Malaysian stock market has finished lower now in back-to-back sessions after alternating positive and negative closes over the last seven trading days.
NEW YORK (AP) _ The stock market suffered one of its worst days since the financial meltdown, slicing 680 points off the Dow Jones industrial average to close Monday at about 8,149 as Wall Street snapped out of its daydream of a rally and once again faced the harsh reality of a recession.
(AP:WASHINGTON) A gauge of U.S. manufacturing activity that fell to a 26-year low Monday followed similarly weak readings in Europe and China, fueling fears of a deepening global downturn.
Would the company be alongside other corporate giants in line for a government bailout?
Yang is heading out, the stock is crazy cheap and the company is profitable. What gives, Carl?
n Despite promises from Congress and Treasury, more bad economic news strips market optimism
WELLINGTON, Australia -- Asian shares are primed for heavy losses on Tuesday, following another deep sell-off on Wall Street, as economic worries continue to dog equity markets worldwide.
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