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Nasdaq Might be a Better Buy in the Short-Term
Get The Wall Street Journal for 75% off! The markets are up really big since March. But while the S&P and Dow Jones are up 37% and 30% respectively, the Banking Index (BKX) is up 135%. Needless to say, a good amount of the upswing in the market has been caused by the Banking Index.... »
Wall Street Bail Out
The government opened up $700 billion to our banking institutions. Some argue that Hank Paulson is partial to his friends at Goldman Sachs. Afterall, these same companies paid out millions of dollars in bonuses to their execs just last year – execs who are supposed to safeguard investor interests. First, the mortgage crisis was... »
Some American Brands Still have Integrity
In the current economic and stock market environment, where questions have been raised around business ethics, salaries and layoffs, and tarnished images of once revered American brands like Citigroup, AIG, Ford, GM, Countrywide, Lehmann Brothers, Bank of America, WaMu, Bear Stearns and many more flash across our eyes in one negative context after another,... »
Top 5 Life Changing Events in 2008 – The Year That Was
We still have one month left in the year, and while there could be a melt-down or two yet, 2008 will certainly go down in the annals of history as one of the most brutal, most controversial and certainly the most interesting year that we will ever have seen in our life times. If... »
Recession for a Year. I Told You So!
It comes as no shock to me, that the National Bureau of Economic Research confirmed today that we have been in a recession for almost a year. In fact, it makes me laugh. I find it utterly ridiculous how long it takes for NBER to determine the point at which we entered a recession.... »
Government rescues Beloved Banks but shuns Auto makers
It has now been well over a month since the $700 billion package was approved and the government came to the aid of the US banks with the hopes that it would trickle down to the consumer. However, the general feeling out there is that banks are shoring up their reserves with this money... »
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