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Business and Money

What you need to know to navigate the economy and your career. Edited by Terry Ponick

Dead cat bounce? Wild Wall Street week ends with Dow UP 330.44 points

Just as nearly all stocks were slammed again and again this week, most issues, whether good, bad or indifferent, still managed to gain some upside Friday. That led to hope that today’s action wasn’t the kind of misleading dead cat bounce we witnessed earlier this week.

Amalgamated Association of Morons

Morons in charge of this week’s Wall Street carnage?

Financial pundits have an easy answer for why stocks continue to get killed in February thus far. But maybe there’s a simpler answer. Maybe a bunch of clueless morons have taken over the market, a bit like the inmates taking over the asylum.