| Learning how to handle your money
With that in mind, let's consider some good investing-education websites that you can bookmark and refer to over and over again. To start, we'll cover those times when you run across some financial jargon or a concept you don't understand. Your go-to website in this case is Investopedia, which, as the name suggests, is an online financial encyclopedia. Maybe you'd like to know what the phrase "credit crunch" actually means. It's being used a lot these days as a punchy, all-encompassing description of what's happening in financial markets, and there isn't always space in daily news coverage to fully define it. Here's Investopedia on credit crunch: "An economic condition where investment capital is difficult to obtain. Banks and investors become wary of lending funds to corporations, thereby driving up the price of debt products for borrowers." If you trip over "investment capital," Investopedia allows you to click on the phrase and jump to a definition.
Big Zell Dis
Russert Blogs: Maureen Orth notes that "Elvis's death in 1977 rated two paragraphs in People Magazine." But, if memory serves, that's not entirely because the culture of celebrity wasn't well-developed back then (Orth's point). It's because in 1977 Elvis was not such a big deal. ... P.S.: Why isn't Orth blogging for HuffPo? Memo to Arianna: She seems like a natural fit. Memo to Orth: It's not bloggy to let a few little disagreements get in the way of mutually beneficial traffic-sharing. Enmity is so print. The Web's win-win! ... There, I've brought them together.... 12:56 A.M. ___________________________ Wednesday, August 22, 2007 New Orwell on Offense: Andrew Sullivan excoriates pundits who exhibited "spectacular misjudgment about the war in Iraq," something that he says "should consign the author to irrelevance." Fair enough.** [But Sullivan excludes anyone who "explicitly explained why he was wrong and apologized," and Sullivan has apologized, abjectly--ed.
Stocks Soar Into Green; Dow Up 150 Points
Don't blink or you might miss a huge sell-off or a big rally on Wall Street. Showing the nervousness and concern about the possibility of a recession, the market has been very volatile today with the Dow 300 points in the red at its worst.
Wall Street has had a dramatic comeback this afternoon, with the Dow more than 150 points in the green and the Nasdaq Composite overcoming big losses. Today's MarketAs of 3:27 p.m. EST, the Dow Jones Industrial Average rose 162.82 points, or 1.39% to 12140.43, the Standard & Poor's 500 index gained 15.61 points, or 1.19% to 1326.34 and the Nasdaq Composite Index picked up 6.37, or 0.29%, to 2298.89. The consumer-friendly Fox 50 rose 4.76, or 0.50%, to 951.39.
Once again the trading volume has been very high, with more than 2.1 billions shares exchanging hands so far today.
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