Posted in Economy on Oct 22nd, 2009 No Comments »
I think it’s indicative of the state of the nation’s intelligence when the general consensus among the public is that the government should be determining pay rates for executives of publicly traded companies. I wrote about this topic before with regards to the AIG bonuses and am further outraged by the current Administration’s intent to [...]
Posted in Dividends, Economy, Investing on Sep 5th, 2009 No Comments »
The recent upswing in the stock market averages will likely be short lived as all the economic data is digested and analyzed and everyone realizes that the recovery is anything but certain. Unemployment is still at a 26 year high and will likely keep increasing. Holiday sales will most assuredly disappoint later in the year. [...]
Posted in Economy on Aug 17th, 2009 No Comments »
I have been very cautious about the stock market since its meteoric rise from March lows. The economic recovery will be slow and tedious and will most definitely not support this 40%+ stock market growth over the past 6 months and is due for a correction. Already we are seeing oil prices and gold fall. [...]
Posted in Economy on Feb 4th, 2009 1 Comment »
With all the hype in the press recently about banks who receive government bailout money spending too lavishly on corporate retreats and jets I am left puzzled. Aren’t these parties and purchases a way to stimulate the economy? The money is being spent domestically and has been done so for many years without question. How [...]
Posted in Economy, News on Dec 18th, 2008 No Comments »
OPEC announced a historic cut to oil production today and the market sold off significantly, sending crude oil prices down over $3 a barrel to just over $40. I think the market is oversold, by a significant margin, and this is a tremendous buying opportunity for oil related investments. While the global economic recession is [...]
Posted in Economy on Dec 11th, 2008 No Comments »
As I have been expecting, crude oil has begun its runup from the $40/barrel low it touched recently. With OPEC announcing what could amount to an unprecendented production cut at their upcoming meeting and the expectation that oil should remain at around $75/barrel, I think there is a lot of upside potential and am heavily [...]
Posted in Economy, Investing on Nov 24th, 2008 No Comments »
Prince Al-Waleed bin Talal was just on CNBC live for an interview with Maria Bartoromo and it proved to be a very interesting conversation. The Prince has increased his stake in Citigroup to 5% and is supportive of the US Government’s increased lending to the bank. I think this additional governmental bailout of Citigroup is [...]
Posted in Economy on Nov 14th, 2008 No Comments »
It’s only a matter of time before the recession that has gripped the European Union stretches across the Atlantic and hit home. With gas prices dropping like a rock I think that consumers will be more inclined to open their wallets a little further this holiday shopping season.
Retail sales in the U.S. dropped 2.8% in [...]
Posted in Dividends, Economy, Investing on Nov 11th, 2008 1 Comment »
I am absolutely shocked at the words coming out of Washington right now regarding our nation’s banks willingness to lend. Lawmakers are pressing the largest banks to lend money much more freely to spur consumer borrowing and increase consumption in order to jumpstart the economy.
There is only one glaring problem with this plan: that’s how [...]
Posted in Dividends, Economy, Investing on Oct 13th, 2008 No Comments »
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 [...]
