Word: jonesism
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That's just smart storytelling, courtesy of screenwriter Stanley Weiser, who worked with Stone on Wall Street, the 1987 "Greed is good" film that speaks more eloquently to our current morass than W. does. The larger tale the movie tells is of a slow-witted alcoholic, the wastrel son of...
It's time for investors to celebrate, right? On Monday the Dow Jones industrial average ended up a stunning 936 points, the biggest one-day point gain in history - all the more remarkable considering the index of blue-chip stocks had just come off its worst weekly loss on record...
In theory, the bank has gone to court because Mr. Jones did not fulfill his requirements on his mortgage, and he's in default so they go ahead with foreclosure proceedings. Then we go out and find out that it isn't Mr. Jones who's living there. It's...
Global stock markets were sending an unmistakable signal too: panic. The Dow Jones industrial average finished its worst week ever, off about 22%. On Friday, the market swung wildly, dropping 500 points on three occasions, then vaulting into positive territory before coughing up its gains in the last half-hour...
Friday's international contagion of bearishness was inspired by Thursday's sell-off frenzy in New York City, which drove the Dow Jones index down 7% and neatly erased $872 billion of value from company and shareholder books. Fears that Wall Street would suffer another battering session Friday proved founded...