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 [...]
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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 As an investor, its important to follow the actions of The Federal Reserve. Like it or not, The Fed’s policies have an enormous effect on the rates people and businesses pay to borrow money. Since credit is the life-blood of the entire economy, this directly affects the performance of most of your investments. Understanding The [...] “There are all kinds of businesses that I don’t understand, but that doesn’t cause me to stay up at night. It just means I go on to the next one, and that’s what the individual investor should do.” - Warren Buffett Bernard Madoff, the founder of Madoff Investment Securities and former chairman of the NASDAQ, was arrested yesterday on charges that he ran a giant $50 Billion Ponzi scheme. Madoff had amazed Wall Street for years by providing stellar returns to his investors, no matter what the overall market was doing. From 1994 to [...] It looks like America isn’t the only country bailing out its industries these days. Recently the Italian government announced that it will be purchasing 100,000 wheels of parmigiano cheese to aid struggling producers. Cheese makers are having trouble turning a profit because of rising costs and a lack of pricing power. Ahh… if only all the [...] |
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Some Food For Thought
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 [...]