The Dow closes the week at a 6 year low. During the day on Friday it hit an 11 year low, but made an afternoon rally to hit a 6 year low instead.
Even though stocks plummeted this week, gold did the opposite. Gold finished at over $1000 per ounce.
During the week Robert Allen Stanford was accused of running a fraud scheme that is estimated by the FBI to total $9.2 billion!
Starbucks announced earlier this week of the release of the $1 cup of coffee in efforts to help the recently failing company.
After Trump Entertainment (TRMP) stocks dropped over 35% Tuesday, Donald Trump resigned and the company filed for chapter 11 bankruptcy. Other casinos have seen to also be drowning in the deep end. These stocks could be very risky, but a couple have the potential to stick around.
First time home buyers got a break on Monday. If a first time home buyer purchases a house before next December they will receive a tax credit of $8000 or 10% of the home value, which ever is less.
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Hi Chris,
ReplyDeleteGreat start to your blog! Thanks for posting it on the networked blogs site. Keep it up!
I'd love to invite you to join my new social network site for GenY content creators....I think that it needs someone like you!
Go and have a look at iamgenerationy.ning.com and see what you think!
Hope to see you there,
Sarah