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Archive for 'Finance'

DOW drops nearly 700 points

http://biz.yahoo.com/ap/081201/wall_street.html
That is all.

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 [...]

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 [...]

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 [...]

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.

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]