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.


Download podcast via iTunes