Ilyce Glink Show – Stock Market Madness – August 14, 2011

Stock Market Madness on the Ilyce Glink Show August 14, 2011:

Wall Street has been somewhat unpredictable for the last few years, but this week we experienced nothing short of stock market madness. In the end, we lost a manageable 175 points in total, but that conclusion was punctuated by huge runs and big losses in between.

There are a number of reasons for the market volatility. Some of it can be attributed to the downgrade of the U.S. credit rating by Standard & Poors. The constant flurry of rough employment news, depressing housing numbers and fears of a double dip recession are certainly no help.

Other financial news that guests and callers discuss with me this week:

  1. Gold prices broke records, ending at $17.81 an ounce.
  2. American Airlines announced it would be spinning off regional carrier American Eagle.
  3. We talk about the “back to school” sales that weren’t.
  4. And unemployment numbers are down – slightly.

Get more information and links on Ilyce’s blog.

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

Download podcast via iTunes

Rate This Article
1 Star2 Stars3 Stars4 Stars5 Stars (1 votes, average: 3.00 out of 5)
Related Topics
View our other articles that are related to this post.

© Ilyce R. Glink. All rights reserved. This content may not be used, distributed, syndicated, compiled or excerpted in any medium or form without written authorization from Think Glink, Inc. For information on syndicating please contact us.

Leave a Reply

Your email address will not be published. Required fields are marked *