Current Financial News

How about closing the Stock Exchanges?

Bush, FEARAt this point, why not?  Bush told us we should "have confidence in the future of the markets and the economy", yet the Dow touched 7,882 before coming back to 8,222.  Another 300+ day loss, this shit has got to stop. Buy the Banks and close the exchanges if necessary.

Make it Stop, buy the Banks Already

Almost another 700 point loss for the Dow, again!  The U.S. Government is thinking about stealing a move right out of the European Save the Nation playbookBuy the Banks.  Something has to be done plus if the government makes money, kick some back to us taxpayers.  Move people Move!

Stop the Fear, Stop the Media, 401k Blues

Homer, My 401K DOH!!Enough is enough.  By now I'm sure you all know that U.S. 401(k) losses have hit $2 trillion in the past 15 months.  Everyone is freaked out, selling their stocks, hidding money under the mattress, blah, blah, blah.  Take a breath, stop reading the news, and stop being afraid.

Fellow Masters, today's headlines aren't any better:

Howard Stern and Sirius RadioGood Lord, that merger really paid off, today Sirius XM Radio Inc. (NASDAQ:SIRI) shares are at 47 Cents USD, wow.  I'm sure Howard Stern is loving the moment and glad he switched over to satellite radio.  So is there any hope for shareholders, how about the company?

Vegas vs. Wall Street Odds: I pick Vegas

VegasYet another horrible day, which brings to mind just gambling away your savings at the 21 table.  It can be a fine line between investing and gambling. But in Las Vegas, you know the odds. On Wall Street, that's not always the case. Especially when it comes to the $62 trillion market in arcane financial contracts known as "credit default swaps."

Words of Wisdom from Chad Brand

History tends to repeat itself. The economy and the stock market are no different. We have had, and will continue to have, economic expansions followed by recessions. To give you an idea of what to expect, consider the last recession. Let the Finger Pointing Begin

CNNMoney.comEntertaining video on the current crisis and yet another crap day on the market.  The Dow finishes the day down 189 points after being up over 180 points just an hour before the close.  Ridiculous.

Put the Lotion in the BucketHey America, feeling like you're being tortured, stuck in a well and looking up at a guy that is telling you to keep your money in your stocks and 401K otherwise you'll get the hose?  World banks are lowering rates, countless billions are being released to 'fix the credit plug', while you keep putting on the lotion.  It does this whenever it is told.

Big Brother is Watching YouWe know we aren't the only people in the U.S. that feel 2008 analyst estimates are too high?  Come on, this is basic stuff here, the economy is falling apart, so why should every company/stock reporting earnings in the next few weeks miss every other estimate?  Hey Congress, put the crack down on the analyst community, Lower 2008 Estimates.

Wachovia's Fate: Rock, Paper, Scissors?

Citigroup (NYSE:C) gets 1st dibs, no Wells Fargo (NYSE:WFC) called it.  Just like teenagers arguing over 'who gets shotgun',  Citi and Wells are babies fighting over who gets to buy Wachovia (NYSE:WB) and at this point, who cares?