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
Thursday, on CNBC, Rick Santelli voiced his opinion on Obama’s housing plan. Now Rick Santelli and others on CNBC often debate their views and opinions on what is going on in the market and what the government is doing. These debates often get very heated and CNBC even has a section called “Call of the [...]
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...22. December 2008
It’s the weekend and their isn’t much going on so I thought I would write a little post about the recent bailout with GM and Chrysler, I’m sure you guys have heard about it by now on the news and it’s a pretty hot topic. The white house agreed to give GM and Chrysler a total [...]
Continue reading...18. December 2008
The collapse of oil and gasoline prices over the past six months has been astonishing. From $150 for a barrel of oil in July, to $39.75 as of writing this post. That is an insane move, especially in just six months. Take a look at this chart: How low will it go? $20?, $10, Free? [...]
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...17. December 2008
The U.S. Federal Reserve just cut the key interest rate from 1% to 0 - .25%. This is the first time that they have established a range for the rate and the first time that it has ever been this low. So what does this mean for you? It means that you will likely earn little [...]
Continue reading...4. December 2008
Just thought I would update you guys with some news hot off the press incase you haven’t hear about it yet. The Treasury Department is contemplating a proposal that would cut mortgage rates for new loans for homes, according to the Wall Street Journal. The plan would employ Fannie Mae and Freddie Mac to offer mortgages with [...]
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16. March 2009
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