The media (mostly CNN and Fox News) are continuing to talk about how Cramer got beaten up on Jon Stewart’s show. I saw a few pieces on CNN where they were likening the attack to when Jon Stewart attacked Tucker Carlson, which really damaged his career. I said in my last post that Cramer kind of deserved this [...]
Continue reading...13. March 2009
I’m sure most of you have heard about the media fight between Jim Cramer and Jon Stewart by now. Jon attacked CNBC on his show and then Cramer fired back on his show and then Jon fought back at cramer and then Cramer was invited to go on Jon’s show. That is the basics of [...]
Continue reading...3. March 2009
The stock market seems to be getting beat down just about every day now. The Dow Jones Industrial Average is now below 7,000 with a close at 6,763 on Monday. This is the lowest the stock market has been since 1997! Truly incredible. The scary part is that the market has broken almost all of its [...]
Continue reading...21. February 2009
I was browsing around on the Internet the other day and stumbled upon this really neat video. It’s called “The Crisis of Credit Visualized” and it is a neat animation/video about how we got into the credit crisis. The thing I like most about this video is that it doesn’t try to blame everything on [...]
Continue reading...2. February 2009
I just read some bad news that Zecco is cutting way back on the amount of free trades that they offer. Zecco’s main selling point when they first launched was that they had free stock trading. Well…not so much anymore. Now, in order to get just 10 free trades per month you must have at [...]
Continue reading...5. January 2009
I was browsing some stock trading forums over the weekend to see what people are thinking about where the market is heading and I found some interesting charts. Here is one that shows previous and bad bear market declines. The blue one is the current bear market and the gray one that goes way down to [...]
Continue reading...22. December 2008
Consumerist recently posted a very good article about personal finance during a deep recession. Their article includes nine good habits for a deep recession and is definitely worth reading. Here are a few of the key points that I thought were very important: Pay off debt Know where your money is going Eliminate Waste Buy smart and used Understand your [...]
Continue reading...17. December 2008
The past few weeks have been quite good for stocks as they bounced off around 7,000 in the DOW. Volatility in the markets is also declining substantially. Another excellent sign is that the market seems to be largely ignoring negative news and it seems to be having a difficult time staying at low levels during [...]
Continue reading...17. December 2008
I’m sure you’ve heard that phrase hundreds of times. It is often overlooked though. One of the victims of the Bernard Madoff Ponzi scheme, Joyce Greenberg spoke out on CNBC about her loss. Joyce Greenberg is a former stock broker and even she was fooled by Madoff’s scheme. This is quite scary and many are placing blame on the [...]
Continue reading...1. December 2008
The National Bureau of Economic Research just declared that the United States entered a recession in December of 2007. It was quite obvious that this was the case, however it is always interesting to see when exactly it started and when the NBER declares it a recession. Here is the statement, via MarketWatch.com The U.S. economy entered a [...]
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16. March 2009
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