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When Will the Pain Stop. . .

Thanks a lot Europe. Dow nosedives 550 points, S&P down almost 5 percent.

Procter & Gamble went from a modest 3 percent decline to a 25 percent drop in a matter of seconds. Most likely a trading glitch, but still someone probably made some serious dough. Goldman dropped about 5 percent before regaining some ground.

Update: CNBC Reports a Citigroup trader was responsible for a mistaken "fat finger" trade that caused "million" to turn into "billion." Citi told CNBC it has no evidence of such a trade.

Financial stocks and tech getting killed. Where will it end? Predict the close. Ready go.


Small Hedge Funds Pained By New Regulations

Hedge funds have bounced back in a big way from the financial calamity of 2008, but that hasn’t stopped regulators, especially in Europe, from pushing through a bevy of new rules.

Crisis Commission Tells Goldman Sachs to Stop Delaying

The Financial Crisis Inquiry Commission slapped Goldman Sachs with a subpoena for documents and emails the bank has failed to turn over "in a timely manner," according to a press release from the Commission.

Will the Swiss Stabilize the Euro?

The euro keeps diving to new lows and currency traders are hoping someone, (perhaps the Swiss) will step in to stop the bleeding

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Nelson Peltz Rejects Any Outcome That Doesn’t Have Nelson Peltz Sitting On P&G Board

The Trian chief has some alternative facts to counter Procter’s preliminary results fake news.