Current Financial News

Fear: Its what for Dinner

Today the DOW falls 700 points, what will tomorrow bring?  New lows and more fear.  We now live at Cape Fear, it's Y2K all over, load up on bottled water, canned food, and laughy taffy's.  Thank you Republicans of the House, outstanding work.

The House Says NO, Its Over

The House didn't approve the $700 Billion Plan.  Our advice?  Get to the breadline early, welcome to the Recession, I mean Depression.

NEW YORK (CNNMoney.com) -- The fate of a controversial $700 billion financial bailout plan was in doubt Monday as a House vote turned against it.

Freddie Krueger - Nightmare on Elm StreetIt doesn't matter at this point who is right or wrong, but if that Bailout Plan doesn't pass, we can all kiss our 401k's, IRA's and personal portfolio's goodbye.  It will be a Nightmare on Wall Street, it's that simple. 

The Masters have talked up GE time and time again, but now someone with clout and influence is saying General Electric (NYSE:GE) is the stock to buy, simply put, Barron's article: It's Time to Buy General Electric

Bailout Plan: Imagine if it does not Pass

All the talking heads are behind the plan, but if the House doesn't pass the bailout plan, imagine the aftermath?  You think the DOW is low now? The shit will really hit the fan if our elected leaders can't figure it out in time before every penny is pulled out of wall street.

Research in Motion's TGIF: 27% Decline

Guidance is everything these days, doesn't matter how good that last quarter was, Wall Street has no patience and even less love.  Research In Motion Limited (NASDAQ:RIMM) lost $26 to close the day at $70.76 a share.

Great analyst call on IGT

International Game Technology's (NYSE:IGT) beat up stock jumped 10% today and another 3% after-hours to $19 as a Goldman Sachs analyst said the company could benefit from a potential restructuring and increasing state budget deficits.  Let's face it, the world loves to gamble.

THUG LIFEIts been a while since the Masters talked up Corrections Corporation of America (NYSE:CXW), back in May we liked them and at today's stock price of less than $2 from their 52-week low at $24 a share, its time to revisit the jailhouse.

Fellow Masters, passing on this great article on Apple (AAPL) from Business Week. Looks like Apple is undervalued to us at current levels, not to mention Christmas season right around the corner:

Superman vs BatmanHow can these guys not get it together?  What a message we send to all the foreign nations with countless millions invested in our corporations and banks, yet alone to the American Taxpayer. 

Give us all a break and agree to act soon, before our bank accounts, 401K's and IRA's go to zero.

We are all on the same side.  We are due for a Bull rally.