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A couple things happened this week that were worth commenting on, but not necessarily enough to devote an entire post to. So here are some brief tidbits for your brain to chew on… 1. I heard that if all the banks in the DOW went to zero the index would only drop 260 points. This is [...] Alright, despite what the SEC or anyone else tells you, insider trading is quite prevalent in today’s financial markets. In fact, if you’re paying attention and know what to look for you can probably spot it yourself. Yesterday, I was keeping an eye on shares of Energy Transfer Partners (ETP) when I noticed something odd. [...] The word ”credit” is actually derived from the Latin word ”credere”, which means “to believe” or “to entrust”. As you already know our entire economic system is based on credit, or put in other terms… the belief that contracts will be honored, loans will be repaid and the entire system in general will continue functioning as it should. When the [...] As you may have already heard Apple announced the other day that Steve Jobs will be taking a leave of absence from his CEO position while he battles health problems. First and foremost, I feel sorry for Steve Jobs and wish him good luck with his health problems. The man is a great leader and [...] In my previous post I talked about the dangers of leveraged ETF’s. As a follow up to that post here is a video of Cramer discussing these products… LINK I was reading a forum totally unrelated to investing today (Cigar Aficionado if you must know), and someone posted the joke below. I just thought it was funny considering all the politicians blurting out how many billions are needed for this bailout… and that stimulus plan… and that bridge to nowhere… well, you get the [...] |
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Forget The Bad Bank… Create A Good One
Over the past week there has be a resurgence in talk about the government creating a so called “bad bank” to help solve the financial crisis. The bad bank would step in and purchase toxic assets that are currently clogging up the balance sheets of U.S. banks. This would free up the bank’s balance sheets, [...]