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The year 2008 will go down as the year of ups and downs in history. This was the year when economic turmoil and business news remained in the thick of things all year round. This was also the year when jargons like subprime, mortgage, bailout, equity and bankruptcy found a place in the layman’s dictionary. The subprime crisis in the US triggered a series of financial uncertainties across the world. Investment banker Lehman Brothers and banking biggie Washington Mutual collapsed, insurance giant AIG, investment banks Goldman Sach and Merril Lynch, mortgage giants Fannie and Freddie tottered, on...

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Daily Market Commentary for June 11, 2008 from Millennium-Traders.Com The markets faced a strong sell off that only increased in momentum, as the trading day moved forward. Losses as well as several triple digit losses was how the major indices stacked up at the closing bell today. (read more) http://www.millennium-traders.com/news/newscommentary.aspx At the closing bell on the Stock Exchange, here is how the major world indices and major U.S. indices ended the session on the U.S. Markets: DOW (Dow Jones Industrial Average) triple digit loss of 206.07 points on the day to end the se...

Daily Market Commentary for September 15, 2008 from Millennium-Traders.Com Investors and anyone participating in the financial markets witnessed a bloody massacre on Wall Street today as the fall from grace by Lehman Brothers initiated a massive selloff that got the markets off on the wrong foot, to begin a new week. (read more) http://www.millennium-traders.com/news/newscommentary.aspx At the NYSE closing bell on the New York Stock Exchange, here is how the major world indices and major U.S. stock indices ended the session on the world market as well as the emerging markets includi...

BY Burberry Prorsum Just when you think Christopher Bailey has done everything that can possibly be done with a beanie, a trench-coat and a loosely fitted dress, he makes you fall in love with them all over again. A couple of mitigating points. First, he tweaked his beloved style props slightly. The beanie is now a brimmed cloche, the shift dress is in gauzy, dip-dyed chiffon. Secondly, he does what he does very well. When a model mooches wistfully down that catwalk in a sweetly subdued grey, gently flared coat, her sandy coloured chiffon dress fluttering slightly, her chunky wooden jewelle...

Daily Market Commentary for January 21, 2009 from Millennium-Traders.Com Comment from Tim Geithner, current head of the Federal Reserve Bank of New York: "Senators, the ultimate costs of this crisis will be greater if we do not act with sufficient strength now," (read more) http://www.millennium-traders.com/news/newscommentary.aspx Economic data released today: n/a At the NYSE closing bell on the New York Stock Exchange, here is how the major world indices and major U.S. stock indices ended the trading session on the world markets as well as the emerging markets including the s...

Daily Market Commentary for July 10, 2008 from Millennium-Traders.Com A large deal on the street today was the news that Dow Chemical (NYSE: DOW) was buying Rohm and Haas (NYSE: ROH) at $78 a share or $18 billion. The deal was all cash and consisted of $3 billion in financing from Berkshire Hathaway plus, $1 billion from Kuwait Investment Authority. (read more) http://www.millennium-traders.com/news/newscommentary.aspx At the closing bell on the Stock Exchange, here is how the major world indices and major U.S. indices ended the session on the world market as well as the emerging mar...