The Biggest Buyers of Garbage

After starting the week off with a bang as I anticipated (The New Breed of Destruction), the market once again tumbled back down towards the end of trading Wednesday when Bernanke decided to open his big mouth. His comments were more of the same…slower growth anticipated, near-zero interest rates, pace of progress in employment remains frustratingly slow, slightly higher unemployment rate in…

The New Breed of Destruction

After a few years of a so-called recovery since 2008, the world is still in turmoil. The markets are still wavering. Protests in Greece, double-dip housing in the US, Moody’s possible downgrade on Italy’s sovereign credit rating, and China’s inflationary growth issues are all running rampant. The markets have a lost a trillion dollars in value since the S&P came off its high…

Right Under Your Nose

Another week, another…Well, let’s be real, it’s almost impossible to summarize in one word a market that has been aggressively trading sideways for the last three months. Spring time fever and the summer doldrums are beginning to set in quicker than ever. Bid support for many of the commodities-based stocks are falling by the wayside, forcing great stocks much lower than where th…

A Whole New World

The summer holidays are officially over. The kids are going back to school. And it’s time we all get back to work.
But what a wonderful way to kick off and revive the working spirit. The markets are looking strong and confidence among U.S. consumers are continuing to beat expectations. Despite the rise in unemployment last month, this month clearly showed better numbers.
Heck, there’s …

Time to Think Again

There’s no denying that China has become a country of serious power. With that power, comes worldwide consequences for all of her actions.

Right now, no one is certain which way China is heading. Will China continue this massive growth and fuel the world economy? Or is there a bubble waiting to burst?…

Knowing What It Takes

Wow. It’s amazing how the summer heat really gets to everyone. Brokers, analysts, and fund managers all seem to be taking a break. I don’t blame them. After the turbulent ride we’ve experienced, we all deserve a great summer.
Last week (see The Catch 22), we talked about unemployment numbers and how corporations are still extremely cautious on hiring and spending. The amount of c…

The Catch 22

Last week was a wonderful and well deserved break for all of us. After the chaos we experienced over the last few years, it’s nice to finally feel a little more at ease.
But that doesn’t mean that the markets are stable. As a matter of fact, the world economy is still in a very volatile space. The only difference this time around is that we’ve heard it all before. From market cra…

Another Shot At Glory

There’s nothing like turning on the TV and seeing another rerun. Last week was no different. From ups and downs to completely sideways, the markets once again showed us it’s unclear intentions.
President Obama reassured us that everything was going to be okay; that his administration has saved over 2 million jobs and that a second depression is no longer a possibility. Heck , they even…

It’s Bigger Than Ever

The weather has been miserable all week long.
Every day, I found myself waking up and staring outside the window to see nothing but grey skies and dark rain clouds.
The markets have been turbulent to say the least. We knew the markets were due for a correction at some point. But this week the markets showed us once again who was boss. The Dow dropped 268 points on Thursday, dipping below 10,000 a…

The Hidden Agenda

Are we being tricked…again?
Government spending is what governments do to get the economy moving again. So why is Obama announcing a spending freeze, yet continuing to push for of a second stimulus at the same time?
Isn’t that an oxymoron of a plan?
It is. But it’s not what you think.…

Learning from History to Reform Wall Street

The President explains that while he continues to focus on jobs, it is also profoundly important to address the problems that created this economic mess in the first place. He commends the House of Representatives for passing reforms to our financial system, including a new Consumer Financial Protection Agency, and blasts Republican Leaders and financial industry lobbyists for their joint “p…