A coordinated interest rate cut by the Federal Reserve and a coterie of central banks around the world failed to prevent the three major US stock indexes, which staged several rallies throughout the day, from sinking into the red by the closing bell. Read More

The three major US stock indexes continued their freefall, as news that the Federal Reserve will purchase commercial paper failed to buoy investor sentiment and arrest the plunge. Read More

It doesn’t matter what happened on Capitol Hill this week. What does matter is having a plan to get for getting past not just the next several days of ups and downs in the market but the coming year as well. Read More

US stocks endured a dramatic selloff today, plumbing historic lows in intraday trading before recovering somewhat. Extreme pessimism ruled the day, reflecting elevated concern about the severity and duration of the global credit crunch and attendant economic slowdown. Additional commentary on the day’s events follows the Market Update text. Read More

Despite an early rally and the approval of a bailout bill, US stocks once again finished the day in the red. Read More

US stocks further retreated into the red, as rising unemployment numbers and a worsening economy undercut the prospects that the House of Representatives might approve a bailout bill. Read More

Income Portfolio holding Flaherty & Crumrine Preferred Income Fund (NYSE: PFD, CUSIP: 338480205) announced that management is delaying the payment of its September dividend. Read More

The three major US stock indexes finished the day in the red, as numbers indicated that manufacturers cut back production at a faster pace than many economists had expected. Read More

Speculation that the House of Representatives will reconsider and ultimately approve a bipartisan bank-rescue plan spurred US stocks to an impressive rebound. Read More

I thought we won the Cold War. The Berlin Wall fell, pushed over by Ronald Reagan and his crusade for individual rights and free markets--free from as much government as he could dismantle during his political life. Read More