November 20, 2008
Stocks dip as oil shares, Merck sag; Sun up late
Stocks ended slightly lower on Monday, as falling crude oil prices dragged energy companies' shares lower, while a court decision against Merck & Co. Inc. hurt the pharmaceutical sector.
Reduce leveraging to bring back realism
A sign of irrational exuberance in the stock market is when people refuse to acknowledge a contrarian view to what they believe, attributing it to some bogus scheme of profiteering that has nothing to do with economic fundamentals.
Customs, FDA agents search Spectranetics; trading resumes
Shares in Spectranetics Corp. resumed trading today on the Nasdaq Stock Market. More than 4.3 million shares had traded hands by mid-morning Mountain Standard Time, with the stock trading in the $5.50 range.
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