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Archive for October, 2008

Happy Halloween!

Have fun and stay safe trick or treating tonight!

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It’s Halloween Time!

With Halloween fast approaching, have you had a chance to checkout all the halloween costume stores yet? Halloween Adventure can help you locate a store in your local area that specializes in Holiday Costumes. Just type in your zipcode and you’ll get a listing of all their stores in your town or within a short [...]

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Wells Fargo Earnings

Wells Fargo (WFC) is announcing earnings and probably forward guidance before the market opens on Wednesday. WFC was up over 10% today and I took that opportunity to buy Nov 33 put options in the company because I see a lot of downward pressure on the stock over the coming weeks. The market rally on [...]

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Today will be remembered as a historic day of trading for the US stock markets. The Dow Jones Industrial Average closed up over 1,000 points, the largest point gain in history.
I used this rally to sell aggressively out of some of the smaller, riskier stocks and keep money in the strong, high dividend yielding stocks [...]

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The seemingly unending decline in the stock market will most likely continue into Friday as few investors will want to hold their stocks through the long holiday weekend. Already the selloff has stretched six straight trading days, with each day ratcheting up triple digit losses of the Dow Jones Industrial Average.
Today’s market saw the Dow [...]

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In a coordinated effort, central banks around the world have lowered their respective interest rates to try to save off a worldwide financial calamity. But, it is beginning to look like it is too little, too late. Even after this extraordinary measure, the Dow Jones Industrial Average ended down nearly 200 points. I took the [...]

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The Bailout is a Disaster

The bailout is a disaster, or will be in short order because of all the pork barrel spending heaped onto it in order to get the needed votes to pass in congress.

Extended rebate on excise taxes paid by Puerto Rican and Virgin Island rum producers, also applied retroactively. Cost - $192 Billion
Income averaging for plaintiffs [...]

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In an interesting turn of events, Wells Fargo has made a bid for Wachovia after the Federal Reserve brokered a deal with Citibank to help unload the banks assets with the help of the government’s recently passed $700 Billion bailout package.
What is so trubbling about this development is that a judge has moved to block [...]

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