Archive for 'Finance'
DOW drops nearly 700 points
http://biz.yahoo.com/ap/081201/wall_street.html
That is all.
Posted: December 1st, 2008 under Finance.
Comments: none
Holy Cow!
The drop in the DOW this morning - was wild. I am not sure I have ever seen a +1,000 pt drop so near the opening. If I was close to retirment, I would be crapping my pants about right now. I am not even sure a properly diversified portfolio would save you at this [...]
Posted: October 10th, 2008 under Finance.
Comments: none
World wide rate cuts
The whole world cut interest rates today.
The US Federal Reserve led a co-ordinated round of global official rate cuts today, easing by a half-point, as did the European Central Bank, Bank of England and Swiss, Canadian and Swedish banks.
The Fed said it was cutting its key federal funds rate by 50 basis points to 1.5 [...]
Posted: October 8th, 2008 under Finance, News.
Tags: Bank of England, Canada, Central bank, European Central Bank, Federal funds rate, Federal Reserve System, United States, US Federal Reserve
Comments: none
Bailout Fails
So . . . the bailout failed. I am a little suprised. But not much.
I am not in favor at all of buying this junk credit back from these companies who took huge risks. Who knows what is around the corner. We are basically in new territory. When do we cross the line from recession [...]
Posted: September 29th, 2008 under Finance.
Tags: Credit, Economy, Financial Services, Great Depression, Recession
Comments: none
Bailouts are band-aids
Great post up over at the Kirk Report on the recent bailouts. He sums up exactly what I have been feeling lately.
It has to stop sooner or later. I wish they (the Feds) would just let it bleed out so we can all get on our merry ways.
Posted: September 17th, 2008 under Finance.
Comments: none
Stock News
Today made for a news worthy day on Wall Street.
Stocks tumble, marking lowest level since 2005.
Biggest bankruptcy in history.
The latest shotgun mariage.
Will your market recover?
Fed adds most cash since Sept. 2001 to calm markets
Liquidating the GSEs?
Best Buy grabs Napster for a song.
The Fed tells Wall Street to drop dead?
Forget Lehman, AIG is dying and [...]
Posted: September 15th, 2008 under Finance.
Tags: Bank of America, Business, Lehman Brothers, Merrill Lynch, Wall Street
Comments: none
The Carnage
I received a Google hit this morning on this blog for:
“stock trading for september 15″
Here is my best advice for you. Take your head, place it between your legs, shut your eyes. Assume the position in other words. This is going to be painful. I wouldn’t have trading money on the table today - but [...]
Posted: September 15th, 2008 under Finance.
Tags: Brokerages, Business, google, Investing, Search Engines, Searching, Stock trader, Weblogs
Comments: none
Fannie and Freddie Bailout
There are plenty of people upset/pissed/mad about the recent bailout of the mortgage giants. My fear is where is this going to stop. Auto makers will be next for sure.
Jim Rogers was recently on CNBC Europe and made several money quotes.
“America is more communist than China is right now. You can see that this is [...]
Posted: September 10th, 2008 under Finance.
Tags: China, CNBC Europe, Jim Rogers, Mr. Rogers' Neighborhood, Programs, Squawk Box Europe, Television, United States
Comments: none
Stock Trading
I am taking a few weeks off from stock trading. We will be going on vacation shortly and I don’t want to have any trades sitting open. I want a week away from everything and that includes the market and its mayehm.
I need to step back for a while - I was starting to get [...]
Posted: August 18th, 2008 under Finance.
Tags: market, stock trading
Comments: none
Think or Swim
Not what you would expect for the name of a brokerage service is it?
I can only say one thing about Think or Swim - they rock.
I can not think of one complaint over the period I have been using Think or Swim. By no means am I a big swinging trader. I do swing trade [...]
Posted: August 12th, 2008 under Finance, Personal.
Tags: broker, think or swim, tos, trade, trader, trading
Comments: none