There Must Be A Pony In Here Somewhere

Cindy Perman

Cindy Perman
CNBC.com Commentary Editor

Cindy Perman is the commentary editor for CNBC.com. Previously, she wrote the "There Must be a Pony in Here Somewhere" blog. She is also the author of the book “New York Curiosities” (2013, 2nd edition) and the co-host of the NJTV show "Drive-By History." Follow her on Twitter @CindyPerman.

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  • Stocks declined Monday as a more than $16 jump in oil prices exacerbated the selloff on Wall Street started by worries about the ability of the government bailout to revive the financial system.

  • This week's wild ride on Wall Street literally mimicked a rollercoaster ride: a couple of stomach-turning drops before coasting to the end and dropping you off exactly where you started.  After being down by nearly 1000 points at Wednesday's close, the Dow clawed back those 1000 points in the following two days leaving the blue-chip index off just about 40 points from where it ended last Friday!

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  • Stocks had their worst selloff since the Sept. 11 attacks in 2001, with the Dow plummeting more than 500 points amid escalating fear about a collapse of AIG.

  • Increasing optimism about loans to the U.S. auto industry helped drive major indexes out of negative territory. General Motors was the top gainer on the  Dow Jones Industrial Average and S&P 500, while Ford was among the top gainers on the Nasdaq.

  • Stocks slid into home plate with a late rally that bumped the Dow up nearly 170 points as oil flirted with $100 a barrel and the market was abuzz with speculation that a resolution for Lehman Brothers could happen within days.

  • Stocks swung between positive and negative territory as investors grappled for a direction with oil flirting with $100 a barrel and the market abuzz with speculation that a resolution for Lehman Brothers could happen within days.

  • Stocks skidded Tuesday as worries about the housing and financial sectors came back with a vengeance. Lehman plunged 45 percent, dragging the S&P to its worst percentage decline since early 2007.

  • Financials helped the Dow pull off a nearly 300-point gain Monday but techs limped to the finish line as nagging worries about a global economic slump found their way back into the market.

  • Economic worries and profit warnings escalated this week, leaving stocks camped out in bear-market territory for the weekend.

Contact Pony Blog

  • Cindy Perman

    Cindy Perman is the commentary editor at CNBC.com

  • Jane Wells

    Based in Los Angeles, Jane Wells develops features, special reports and series for CNBC and CNBC.com.

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