
Time to be Bullish? Investors May Get Their Chance to Go Long as some think this is a good time to be bullish… The summer might be ending, but the volatility continued yesterday, as shares prolonged the large gains made on Wednesday. And a late afternoon rally took prices towards the higher with the day [...]
Today’s Laugh Line: Thursday night on “The Tonight Show With Jay Leno” on NBC: BBC is reporting that Venezuela may have massive oil reserves, more than even Saudi Arabia. You know what that means? We could have invaded closer to home and saved gas. But to be fair to President Bush, at the time we [...]
OUR CONGRESSIONAL LEADERS WERE ON A MISSION. They have been provided with an opportunity to cut through the misogynistic absurdity and move around one fundamental purpose — to protect the US Taxpayer from ever again being the unwilling recipient of a financial raping of the magnitude that we experienced at the hands of America’s bankers [...]
Did you ever hear the old saying: “Fool me once shame on you, fool me twice shame on me!”? Unless you were already a sophisticated investor, I’m sure you suffered some significant losses last year and I’m sure you’ve asked yourself: “what could have I done and what can I do to avoid such a [...]
Wall Street was looking for improving results from the housing market numbers on Tuesday and Wednesday, but instead all they got was two black eyes. Double Ouch! The existing homes sales report for May was released on Tuesday, and in a word, it was disappointing. May closed sales were unexpectedly down 2.2% from April (though [...]
U.S. real estate market went to bat this week… and struck out, yet again. on three consecutive pitches actually. Strike one was on Monday… when the Treasury released its latest numbers on the Home Affordable Modification Program. The background: 1.24 M borrowers enrolled in the program — which was launched with the hope of helping [...]
It’s a common misconception that you cannot make money in a secular bear market (such as we are in right now). This belief is especially prevalent among retirement savers. The general thinking is that a secular bear market must surely mean the end of one’s retirement dreams. And you know what? They are absolutely correct! [...]
Is the recession truly over? It may seem somewhat late to be asking that question. After all, haven’t Washington and Wall Street already bragged as to how we have had an adequate number of consecutive months of GDP growth to sound the death knell for “The Great Recession of 2007-2010”? Heck, we’ve even been regaled [...]
BP shares plunged to a 14-year low this week on fears of political fallout. With investors seemingly deciding to panic all at once, BP’s U.S. exchange-traded ADR (the company also trades in London) tumbled 16% in one day on Wednesday. That fall cut the share price almost exactly in half, as measured from pre-oil spill [...]
(from agora) This oil fiasco in the Gulf is getting worse and worse. The spill is now the largest in U.S. history, and we will live with the effects for years to come. What follows is some thinking (and guessing) on what the consequences might be — especially as it relates to our investments. At [...]
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