Wall Street

Stocks Slide After Philly Fed Report

Stocks retreated Thursday after the Philadelphia Federal Reserve surprised Wall Street by announcing that its broadest measure of manufacturing activity fell to a negative reading for the first time since April 2003, renewing investor fears that the economy could be cooling too quickly.
Full article from Forbes

Wall Street lower as investors mull housing data

Wall Street opened lower on Tuesday as a report showing a sharp fall in new housing starts offset lower-than-expected inflation data.

By mid-morning, the S&P 500 (news) was down 0.1 per cent or 0.96 points at 1,320.22, while the Nasdaq Composite (NASDAQ: news) was flat, down 0.71 points at 2,235.04.

The Dow Jones Industrial Average dropped 0.2 per cent or 17.53 points to 11,537.47.
Source FT.com on Yahoo! Finance

Greed (Gordon Gekko)

The point is, ladies and gentleman, that greed -- for lack of a better word -- is good.
Greed is right.
Greed works.
Greed clarifies, cuts through, and captures the essence of the evolutionary spirit.
Greed, in all of its forms -- greed for life, for money, for love, knowledge -- has marked the upward surge of mankind.
And greed -- you mark my words -- will not only save Teldar Paper, but that other malfunctioning corporation called the USA.


Thank you very much