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, 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 Investing on Nov 20th, 2008 1 Comment »
Crude oil prices have been plummeting and is trading at $50.75/barrel as I write this. That is a big drop from the all-time high set just this past summer of $147.27. I think this dramatic pullback in oil prices could be a terrific time to start buying into the sector for a long term hold.
It [...]
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 Investing on Nov 5th, 2008 1 Comment »
Wells Fargo announced its intention to issue $10 Billion in new stock to help cover the cost of acquiring Wachovia. The Nov 33 Put options I purchased a couple weeks ago were for this purpose exactly. Wells had announced last month they would be seeking to raise up to $20 Billion and it was obvious [...]
Posted in Investing on Oct 14th, 2008 1 Comment »
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 [...]
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 [...]
Posted in Economy, Investing on Oct 9th, 2008 No Comments »
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 [...]
Posted in Economy, Investing on Oct 8th, 2008 No Comments »
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 [...]
Posted in Investing on Sep 30th, 2008 1 Comment »
Today saw some very interesting trading in the shares of Google at the very end of the trading day. Nasdaq is citing “erroneous trades” as the culprit. Quite frankly I think a better explanation is in order because of the confusion that erupted when the stock went from 400 per share to a low of [...]
