Wall Street: Gold falls, stocks waver
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Gold: Trading now at $1,639 an ounce, down 2.3% from Monday. Dow Jones industrial average: Trading now at 11,414.56, up 0.2% from Monday.
Uncertainty. Stocks are wavering as investors digest earnings reports and news from Europe.
Bad for banks. This morning’s earnings announcements from Goldman Sachs and Bank of America confirmed that Wall Street is indeed hurting.
A man of many contradictions. One of the men who has given to the Occupy Wall Street protests and spent time in Zuccotti Park, the epicenter of the New York demonstrations, is also a former Wall Street trader and current donor to Mitt Romney.
Blaming Madoff. Bernard Madoff’s daughter-in-law breaks her silence and blames the Ponzi schemer for her husband’s suicide.
Stone on the Street. Oliver Stone took on Jamie Dimon and the rest of the Wall Street crowd after a screening of his film about the industry.
Fat cats. The real fat cats of Wall Street.
-- Nathaniel Popper in New York
Twitter.com/nathanielpopper