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GM and Chrysler get “Bridge to Obama”
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...Crude Oil Falls Below $40
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...Don’t Put All Your Eggs in One Basket
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...FED Cuts Interest Rate to 0%
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...U.S. Treasury May Lower Mortgage Rates to 4.5%
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 [...]
Continue reading...Now Official: Recession Started Dec 2007
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 [...]
Continue reading...Market Closes at Fresh New Lows
20. November 2008
Today the Dow Jones Idustrial Average closed below the 8,000 mark at 7,997. This is the lowest close since 2003, the bottom of the last recession/bear market. Here is a 3 month chart of the DJIA: As you can see, on the very right side of the chart, it closed just a hair below 8,000. We [...]
Continue reading...Wall Street in Crisis Mode
15. September 2008
A number of huge and historical news events that are just now breaking are causing a 300+ sell off in the Dow futures. Monday morning is going to be a brutal day for stocks and this week could be one of the worst this year. The Federal Reserve and U.S. Treasury are taking a number [...]
Continue reading...Government Seizes Fannie and Freddie
7. September 2008
If you watched the news at all this weekend you surely would have seen the big story about Fannie Mae and Freddie Mac. The U.S. government has seized the two mortgage companies and will use taxpayer money to keep them afloat. This is a very controversial move, but it should bring stability to the housing market [...]
Continue reading...Gasoline Prices Could Soar Within A Few Days
30. August 2008
Hurricane Gustav is currently projected to go into the Gulf of Mexico Monday and Tuesday of next week. The hurricane is currently a category 3 storm and it could get even stronger, but is currently projected to stay at category 3. The problem: hundreds of oil rigs are located in the Gulf of Mexico and it [...]
Continue reading...- Another Bank Goes Under
- The Housing Market Hasn’t Bottomed Yet!
- Top Personal Finance Software
- Wall Street in Crisis Mode
- CD Investment Strategies?
- If You Get Ripped Off, Don’t Hesitate To Contact Your Credit Card Company
- Be Scared of Incentives (Especial While Home Buying)
- There Goes Another Bank...
- Online House Hunting Tools
- Gasoline Prices Could Soar Within A Few Days
- Top Discount Online Brokers (2)
- Is Your Bank "Too Big to Fail"? (1)
- Is Your Money Safe? (1)
- Top Personal Finance Software (1)
- Saving Big on College Expenses (1)
- Previous Bad Bear Markets
- My New Years Resolution - Micromanagement
- Save Money by Listening to Audio Books
- GM and Chrysler get “Bridge to Obama”
- Good Habits for a Recession
- Crude Oil Falls Below $40
- Stock Markets More Calm and Bullish, For Now
- Don’t Put All Your Eggs in One Basket
- FED Cuts Interest Rate to 0%
- U.S. Treasury May Lower Mortgage Rates to 4.5%
Stock Market Overview
| DJIA | 9015.10 | |
| NASDAQ | 1652.38 | |
| S&P 500 | 934.70 | |
| ^VIX | 38.56 | |
| CLG09.NYM | 48.35 |
22. December 2008
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