Big and ugly is the only way to describe yesterday’s market fall in which the widely followed S&P; 500 index fell 6.1% to its lowest level in five years. This bear has more muscle and momentum than many expected, which is reflected by the simple fact that the S&P; has now lost almost 32% since our domestic sell signal was …
The Dangers Of Bottom Picking
Every time the market makes a new low, you hear someone declaring a bottom followed by some wild explanation as to why a turn-around to the upside is imminent and good times are lurking around the corner. Furthermore, opinions abound why this very moment in time would be a good one to pick up a stock that is considered cheap …
Let The Crisis Burn Itself Out
The markets rocketed upwards yesterday propelled by promises of a second stimulus package from congress, which was endorsed Fed chairman Bernanke. Anything to postpone current discomfort is welcome news on Wall Street. Sure, let’s try to borrow our way out of this credit crisis. Many readers have asked what the one thing was that made the biggest contribution to the …
Value Investing Equals Nonsense
This is not headline news, but the stock market is so bad that VP Cheney has invited his stock broker for a hunting trip… While that can’t really be verified, there’s probably some truth to the fact that many investors feel that way. Below are some words of wisdom and insights from Al Thomas, author of the book “If It …
Sunday Musings: Curing America’s Financial Ills
One of my favorite authors, Robert Ringer, had these thoughts in regards to solving the financial crisis featured in an article called “The Great Bailout Stall: Now that the Demopublicans and their media friends have, through the magic of doublespeak, transformed the massive and fraudulent bailout bill into a heroic “economic rescue plan,” most Americans can refocus their couch-potato efforts …
Know Your CD
Given the uncertainties in the market place, many readers have emailed me asking what I thought of temporarily investing in CDs until the storm blows over. MarketWatch had some good advice about avoiding the various pitfalls in an article titled “Know Your CD.” Here are some highlights, but be sure to read the entire piece and follow the listed links …