Posts for July 2007→

Last week ended with the second major stock market slump of this year that has barely gone through its first half. After a turbo-charged run over the last 5 months (since the first slump of ‘07), during which Dow Jones Index rose 2000 points to cross 14000 for the first time on July 19, it dropped 700 points in the space of only 7 days since then (see picture). All the other major US market indexes also moved in a similar way, as expected (here is S&P500 Index). Someone in Wall Street made a comment that the bull run has finally ended, even though the bull market is still on. Go figure!

Last week’s Money magazine ran a short feature on online banking, which seems to be the order of the day. Gone are the snaky queues at our neighborhood branch, often with a growling stomach yearning for a delayed lunch. This visual is still futuristic, but the day may not be that far away, with virtual banks sprouting up everywhere like wild mushrooms.
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  I am a scientist working in a US university, and I also study the dynamics of financial markets and their impact on our financial health. More...

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