| DOW | 9325.01 | | 144.32 | +1.57% | | NASDAQ | 1720.95 | | 22.43 | +1.32% | S&P | 968.75 | | 14.66 | +1.54% | | | | | | Trish Regan, CNBC Anchor and Reporter It was the worst October since 1987, but some investors say there is a light at the end of this seemingly bleak tunnel. The commercial paper markets are improving, the credit markets appear to be out of the intensive care unit, and crude oil futures plummeted this past month. br>Still, there are challenges ahead. Mass layoffs are at their highest level since 9-11, and there is likely more pain to come as corporations continue to slash their ranks. A declining economy is a difficult cycle to break.
We all know that stock market bottoms are impossible to call. So the key to successful investing right now is: Know your own appetite for risk. Think hard about what you are willing to lose, in exchange for a potential gain. Investing right now can be scary, but as the economy navigates its way through this global credit crisis, remember how the word 'crisis' is defined in Chinese: Danger and opportunity.
And hey, at least October is over.
| | | Prep Your Portfolio for Next Week Greg Estes, portfolio manager at Intrepid Capital Funds, and Alan Vales, vice president at Hillard Lyons, named stocks to help investors build and strengthen their portfolios ahead of next week's trading. ...read more | | | | Stocks End Crazy Month on High Note Stocks pulled off a second straight day of gains, capping the market's worst month in a decade and the worst October since the crash of 1987. Traders noted that pension funds were buying stocks to rebalance their portfolios as today is the last day of the October....read more | | | | Dow Jumps Nearly 200 in Another Photo Finish U.S. stocks had another wild swing in the final 15 minutes of trading that pumped up the Dow from a gain of about 50 points to nearly 200 points as traders shrugged off this morning's GDP report that showed the economy is shrinking....read more | | | | 2. McCain On the Economy Discussing the economy as the number one issue in the campaign, with Republican Presidential candidate John McCain. | | | | 3.Built On "Hot Air" If the subprime crisis was built on air, the coming credit card crisis is built on hot air, says Enzio von Pfeil, CEO of EconomicClock.com. He explains what he means and why he believes this is the next shoe to drop, with CNBC's Amanda Drury. | | | | 4.Gun Sales Shoot Up A look at gun sales and the economy, with Ted Novin, National Shooting Sports Federation director, public affairs. | | | | CNBC.com BLOG OF THE DAY | | | | (c) 2008 CNBC, Inc. All Rights Reserved | | |
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