Current Financial News

Black Sheep - A Wolf in Sheep's ClothingYet another fun day on the Market. Now you can get this, or you can get with that. I think you'll get with this yes, for this is kinda fat. If you get with that, then you will surly miss, Because that is so wack, I think you'll get with this - the SKF or FXP.

At what point do we become Russia?

Uncle Sam - I OWN YOUNow that American's own Fannie and Freddie, more than 1/2 of all U.S. mortgages are property of Uncle Sam.  How can this be good? Better yet, Russia holds about $75 billion of Fannie and Freddie securities, Luxemburg and Belgium hold $39 billion and $33 billion respectively. British investors hold about $28 billion of securities in the nearly doomed duo. Isn't anyone worried?

Fannie and Freddie Kill America

Fannie and Freddie Kill AmericaWhen will the madness stop?  Washington Mutual?  Lehman Brothers?  Passing on a great article done back on July 29th by Peter D. Schiff about the bailout of Freddie and Fannie.

Bloomberg flexes its muscle on WaMu (WM)

WaMu - Whoo Hoo!After wrote this article, WaMu May Lose Suitors on Accounting Rule; Stock Plummets 30%, Washington Mutual, Inc.(NYSE:WM) shares hit $2.30.  The Power of the Media, Whoo hoo! But this article is right on the money.

CEO Michael Dell just threw down some serious coin last week buying Dell Inc. (NASDAQ:DELL) shares at the end of the week to tune of $99.9 million. Should you be buying too?

Dell shares have taken a huge hit lately, down 24% since August 28th after reporting Q2 profit fell 17%.

McDonald's is Unstoppable (MCD)

Eating McDonald's like a ChampThe Masters have recommended McDonald's Corporation (NYSE:MCD) time and time again, all the way back to January 2007 when we set a $50 price target for the year. Today shares are at $63 thanks to same-store sales up 8% last month.

Gold continues to get Killed

Price of GoldEven factoring in recent declines, gold’s price has still managed to double since the start of 2005. But since the recent rally of the U.S. Dollar, Gold prices continue to fall.  The PowerShares US Dollar (AMEX:UUP) is up 7.5% since we recommended it last month, so what's next?

Sure, the market is up today - but if you think the market is going bull any time soon, it’s time to put down the crack pipe. Next, reduce your long holdings, and finally, it’s time to take the plunge to the Dark Side with a Short Position.

Here are 3 stocks that should continue to fall during the Bear Market:

Unbelievable. UAL Corp.'s (NASDAQ:UAUA) share price fell all the way to 1 Cent today after the Chicago Tribune reprinted a 4-year old story about the company declaring bankruptcy. Yea, someone will be getting canned there today, damn submit button.

WaMu (WM) down to $3.60, Kerry you're Fired

Donald Trump - You're FiredThe mess that is Washington Mutual, Inc. (NYSE:WM) continues to be hit today, shares of WM are down 15% back down to the $3 level. Like the Masters said back in October 07, your days may be numbered as CEO Kerry, people are pissed.