Retail sales dropped by the most since August 2005 as consumers cut spending on cars, furniture, electronics, clothing and sporting goods.

There were several bombs dropped on the markets today.

Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for October 15.

The U.S. government has already bought into nine major U.S. banks.

With the third quarter earnings season in full swing, the latest correction in the stock market is partially attributed to the fears of a recession.

Stock markets continued to rally this morning on speculation that actions taken by policy leaders to inject liquidity in the banking system will help to reinstate investor's confidence in global financial markets.

The economic downturn in the U.S. may only get worse as economists project retail spending drop another 0.7% after falling 0.3% in August.

Now that last week's carnage has come to an end, where do we go from here?

Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for October 14.

Bill Bonner writes that there iss omething funny going on.  But it's not just at the banks.