Both gold bugs and stock market bulls are counting on the Fed to come through with another economic stimulus. And it probably will. But the money won't benefit those who really need it.
The JPMorgan Chase $2 billion loss again shows why big banks pose a big risk – as seen in the admission of mismanagement by Jamie Dimon. The selfless purpose of a financial system in the economy must override the selfish risks of giantness in banks.
After gains early in the day, the session closed lower, with the Dow declining about 19 points
Interest rates were supposed to be kept low by the Federal Reserve's bond-buying program. Ben Bernanke will meet with the press on Wednesday, and investors will listen for clues about when the Fed might change its policy with interest rates.
Solar storms on their way. Natl Academy of Sciences: "Major solar storm could cause twenty times more economic damage than Hurricane Katrina..."
Despite a 3/4-point rate cut Tuesday, mortgages are costlier than a month ago.