- I have come to the uneasy realization that Senator Obama is going to be the next president of the United States. Senator Obama has struck a chord with many voters by appearing likable and at ease on the campaign trail and in televised debates.
Tremors in the financial system felt late last year—such as the crumbling of Countrywide—at first felt like blips on the radar screen, and they were tempered by all-time highs in stock indexes as recently as last October. What a difference a year makes.
- The current financial crisis gripping U.S. and world markets has many causes, and it will have repercussions for years and across too many financial sectors to list. For private investors, it's important to look beyond the current headlines to the underlying factors that have contributed to the crisis.