Daily Market Reports

AIG may go the way of Fannie and Freddie. Fed leaves the cash rate unchanged. Strong results from remaining investment banks. Dow up 141.

The Dow fell 500 points to new lows as AIG nears bankruptcy. Oil fell over US$6 as commodities (but not gold) are again shattered.

The world is watching as the US financial system battles through more casualties. Lehman Bros will soon be no more and the same can be expected from Washington Mutual.

The Dow posted a 334 point turnaround from low to high last night as Lehman Bros directed market sentiment.

The Dow was up 38 points last night as the market had a bit of a rest.

While stocks around the globe jumped over 3% yesterday, the US broad market S&P 500 managed only 2% in a wild session. The bulls and bears are in a face-off.

Wall Street recovered from an opening loss on Friday following weak jobs data and the pre-emptive Thursday rout.

There was no waiting for tonight’s US employment data. The global economy levee broke last night and the world was down 3%.

Wall Street finished flat last night as commodities recovered somewhat from earlier falls and the Dow retraced from down 100.

The oil price fell a total of nearly US$6 over the US long weekend but the subsequent 250 point rally in the Dow turned into down 26 by day’s end.