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Last year, when finance professor Robert Schwartz decided to put together a conference on volatility in the markets, nobody knew just how timely it would be. In the past few weeks, triple-digit swings in the Dow Industrials have become a matter of course, as seasick investors watch stocks bound up and down, pounded by the day's news, and often, it seems, for no discernable reason at all. In the first few minutes of trading on Friday, stock indexes dropped 5% as the double whammy of deleveraging and a worldwide economic slowdown continued to buffet company shares...
...Dow fell 312 points on Friday, and every single component of the Dow Industrials lost money. But Friday was, on balance, a good day, given how far markets around the world had fallen while America slept. That's more than fortuitous. It's the global economy's gears at work...
...four years, and that demand is reflected in the market for playoff tickets. Last year, a ticket for a Boston Red Sox American League Championship Series game sold for an average of $448 on StubHub.com, the leading secondary-market ticket site. This year, that average price dipped like the Dow: it was $244, a decline of about 50%. In the Tampa area, World Series tickets are going for under $200, the lowest price StubHub has seen in the five years it has tracked the secondary market. Several teams have already taken measures to draw fans in a struggling economy...
Credit unions aren't shy about having money to lend. Speed's outfit, the 126,000-member Texas Dow Employees Credit Union (TDECU), has been running TV spots since August and is doubling its ad budget for the fourth quarter. (At times, TDECU has been accused of being too aggressive: community banks, which have also been faring relatively well, and the FDIC loudly objected when one ad painted the entire banking industry as "under a dark cloud.") To meet loan demand, TDECU is borrowing from corporate credit unions and the Federal Home Loan Bank of Dallas, but even then...
...Dow Swooned in October, some investors scored big on the jock market. OneSeason.com a website that lets users trade virtual shares of sports stars, made its debut on Oct. 1, and though the stock is fake--Kobe Bryant won't give you a dividend--the profits and losses are very real. TIME's Sean Gregory asked an active trader how to play the game...