Wall Street

5:03pm

Tue March 12, 2013
Planet Money

Episode 443: Don't Believe The Hype

Originally published on Wed March 13, 2013 7:20 am

Despite all the celebration, the Dow Jones industrial average has not hit record highs recently. If you adjust for inflation, the highs just aren't as high as they seem.

And even if it does hit a real, inflation-adjusted high in the next few weeks, it won't mean much. The Dow is a seriously flawed stock index, and it's certainly not a good way to measure what's going on in the overall economy.

On today's show, we rain on the Dow's parade and explain why a lot of very smart people say we should ignore the Dow.

For more on the Dow:

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11:05am

Mon January 14, 2013
Planet Money

Cat Beats Investors In Stock Market Challenge

Originally published on Mon January 14, 2013 4:08 pm

The UK Observer ran a contest last year, A bunch of investment managers invested in the best stocks they could find, while a cat named Orlando randomly chose stocks from a list. The cat won.

From the Observer:

While the professionals used their decades of investment knowledge and traditional stock-picking methods, the cat selected stocks by throwing his favourite toy mouse on a grid of numbers allocated to different companies.

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9:18am

Wed January 2, 2013
The Two-Way

Financial Markets Cheer 'Fiscal Cliff' News

Originally published on Wed January 2, 2013 3:08 pm

Looking up: Traders on the floor of the New York Stock Exchange earlier today.
Spencer Platt Getty Images

Though more big battles lie ahead in Washington, Wall Street is following the lead of financial markets around the world in giving a thumbs-up to the deal that kept the federal government from going completely over the so-called fiscal cliff.

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1:25am

Wed December 26, 2012
Law

Wall Street Wiretaps: Investigators Use Insiders' Own Words To Convict Them

Originally published on Wed December 26, 2012 4:07 am

Raj Rajaratnam, center, billionaire co-founder of Galleon Group, is surrounded by photographers as leaves Manhattan federal court May 11 after being convicted of insider trading charges.
Mary Altaffer AP

It was another busy year for federal authorities pursuing insider trading cases. Seventy-five people have now been charged in the last three years, and investigators say that success comes largely from their decision to attack insider trading the way they take down the Mafia and drug cartels — with tools such as wiretaps, informants and cooperators.

The story behind how the government decided to go after insider trading as hard as it goes after the mob is really just a story about dead ends.

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4:31pm

Mon December 17, 2012
The Two-Way

Investors Shun Gun Makers As Gun-Control Talk Increases

Originally published on Tue December 18, 2012 10:00 am

(Scroll down for a Tuesday morning update.)

On Wall Street, investors appear to be listening closely to the growing talk in Washington about curbing assault weapons.

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