“I can’t stand it anymore. I have to say something. You act like you actually want a depression. What’s wrong with you?”
The above letter came from a dear reader who has missed the point. We are as generous and warm…as caring and sharing…as anyone outside a mental institution. We only want the best for our [...]
Today’s market was very quiet — good time for it to build up some energy for new moves. There wasn’t much to do today except look for these few things into the close as well as unique situations such as this stock…
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If you’ve been thinking about reducing exposure to stocks, now might be a good time. And if you’ve been thinking about increasing your exposure to precious metals, now might be a good time.
According to Morgan Stanley economist Gerard Minack, the stock market is in for a correction after its 9-month “relief rally.” In a note [...]
The crisis is over, say the feds. Now, they can begin turning off the taps.
“Fed takes first step in exit strategy,” is the headline in The Financial Times. A more accurate headline would have been…
“Fed dodges and weaves…fakes exit.”
The only way to exit is by the door the Fed came in. It barged into the [...]
The Dow fell slightly on Friday. Oil ended the week at $77. The dollar went nowhere.
But gold rose to a new high – $1,146.
Whatever else may be going on, there’s a real bull market in gold. It’s a bull market that began ten years ago. If you’d bought stocks then, you’d have about what you [...]
With huge budget gaps, increasing unemployment, and extreme foreclosure rates, nine additional states are joining California in the crippling budget deficit club.
According to a report from the Pew Center, nine more states — Arizona, Florida, Illinois, Michigan, Nevada, New Jersey, Oregon, Rhode Island and Wisconsin – are now facing financial problems that are likely to result [...]
Last October, there were death knells.
The VIX was at 90.
We were vomiting.
VC’s were writing their CEO’s secret letters entitled ‘R.I.P Good Times ‘
Everyone wanted their MOMMY.
Today, AdMob was bought by $GOOG for $750 million. Playfish was bought by Electronic Arts $ERTS for $400 million. There were like 10 other [...]
Good time of the day, Slopers. It is perhaps a testament to importance of the US to global markets…
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