RichC | September 5, 2011
It is odd how my “simple mind” works when contemplating a blog post on Labor Day. As I grappled with the history of the holiday, my thoughts drifted to present day directional changes our country is making – some reminiscent of the reasons that triggered our end of summer holiday. In reading about our nation’s […]
RichC | September 2, 2011
There seems to be a little tarnish on the once high-flying Netflix who has dominated the DVD and streaming movie market since the demise of the big box video rental stores. Their model seemed to be invincible until someone realized that business is only as good as having content … and customers willing to pay […]
RichC | August 31, 2011
Just as we thought consumers were getting a break with the U.S. DOJ blocking the AT&T and T-Mobile deal, Sprint looked to be increasing their ETF by a pretty healthy percentage. Ouch, if you’re thinking about switching carriers before your contract is over. Sprint today confirmed to Phone Scoop via email that the company plans […]
RichC | August 28, 2011
I’ve been thinking about the big entitlement (negatively charged word?) issue when it comes to how the U.S. structured our senior citizen’s healthcare and retirement living expenses. Having never really fully understood the cost … and inching closer towards that eventual day … I do recognize while looking at my own health and insurance costs […]
RichC | August 26, 2011
As the east coast waits for hurricane Irene to unleash its torrent of wind, rain and surge, the financial markets are analyzing the cost to insurance companies, taxpayers and eventually insurers (in higher premiums). Some suggest that Irene could make it into the top five list due to the forecasted impact of heavily populated east […]
RichC | August 25, 2011
"I believe Apple’s brightest and most innovative days are ahead of it, and I look forward to watching and contributing to its success in a new role.” — Steve Jobs (56), resigning CEO continuing Chairman of the Board Although for the most part, my Apple loving days are probably in the past, I’m saddened to […]
RichC | August 24, 2011
I sure would like it if I could accurately predict the volatile markets. After opening down on the opening bell, the equity indices were up by the end of the day. This news is good for most long term investors and retirement plans, but not so good for those who have moved to precious metals […]
RichC | August 23, 2011
Hopefully this will be the last year we’ll be paying for college expenses. This may make me a bit more in-tune to the high cost of college. Unfortunately for many students planning or going to college, the continual rise in tuition and living expenses has made it impossible without taking on significant debt. Some financial […]
RichC | August 20, 2011
For those wondering what politicians should focus on (jobs) and what individuals should be doing in order to plan for a few years down the road, Jim Mccaughan of Principal Financial Group has a few ideas: James Mccaughan: His thoughts on Friday – 8/19/2011 Brief Biography Mr. James P. McCaughan is President – Principal […]
RichC | August 19, 2011
The Dow closes at the low of the day noting that few want to stay long for the weekend. Moving the market down was the misguided management at HP after their announcement yesterday (traded down 20% today and yanking the DJIA with it). Hard to believe an iconic American company with such deep pockets and […]
RichC | August 18, 2011
The talk in financial circles has some pretty negative commentary on growing our economy. Traders and fund manager ran for low yielding safety today as the stock market was down and down big at over 500 points on the Dow just before the close. As the trading day ended, the stock indices were all red. […]
RichC | August 18, 2011
The news from Wall Street pre-market is not positive … although some suggest the possible morning downturn it an opportunity for those with cash to buy stocks of “cash rich companies” paying decent dividends? U.S. stock futures slipped further into the red, setting up the market for a sharply lower open, after rising inflation and […]
RichC | August 17, 2011
From the start, it wasn’t that hard to predict a slow go for HP in releasing their Touchpad. As a Palm Pre webOS user and sometimes enthusiast, the slow-motion releases in handset, webOS and tablet products have left existing users wanting and contemplating buyers asking “Why?” Couple that with the largest users base (Sprint) feeling […]
RichC | August 16, 2011
While listening for updates from the German Chancellor Angela Merkel and French President Nicolas Sarkozy in Paris today, a CNBC guest analyst made the observation that “If all countries were like Germany, Germany would not survive. Germany needs the weaker European countries to export to in order to prosper.” (paraphrased) BTW, no news from the […]
RichC | August 16, 2011
With the Obama administration failing to lead in the area we expect, liberal politicians (might as well say “all politicians”) have little problem taking a leadership role when it comes to telling the industry how to run their businesses. The Department of Energy distributes our taxes as gifts grants as a way to warp free […]
RichC | August 15, 2011
We’ve started off the week in a more upbeat fashion as the expectations are high for some kind of deal on Tuesday from the Europeans. Hopefully they’ll be able to sooth the jitters many are having over banking and Eurozone’s socialist mentality. I’m not holding my breath that they’ll be able the make the social […]
RichC | August 12, 2011
The week of August 7 – 12th I shouldn’t have spent the day in my office watching the markets, but I did and thankfully it was a semi-relief to not see a selloff at the end of the day. For those who’s job it is to manage their client’s money (and handle their phone calls), […]
RichC | August 11, 2011
I listened and nodded in agreement to a little optimism this morning in a CNBC interview which paints a slightly different picture as it pertains to the financial health of consumers, US bank and companies. So far today (Dow about 11000 over the lunch hour) this might be making some sense to those who may […]
RichC | August 10, 2011
Maybe it just that we’re looking to point fingers or for a reason to remain pessimistic in our interconnected economies, but most reports I’ve been reading are now looking at the possible downgrade of French banks … and government. This spilled over to US markets (particularly banking) and started the day negatively. After some regrouping […]
RichC | August 9, 2011
Although I’m tiring of watching the fickle up and down action of the stock market … as are those who might stumble across my blog these couple of weeks … it is better to be able to say that the Dow Jones Industrial Average finished near session highs today. The 429.92 points – 3.98% gain […]
RichC | August 9, 2011
Trying to be an optimist as equity markets near their 9:30 opening. Who knows how raucous the trading day will be after such a bit down day yesterday (see below). According to “watchers,” we are the the most oversold in stocks in decades — odd considering the fundamentals for most companies and banks aren’t that […]
RichC | August 8, 2011
Oh to have had the wisdom of a Glenn Beck … and have listened to his analysis of how foolish it was to have believed in an economic recovery? He continued to recommend investing in gold as a safe haven from the upcoming financial meltdown. Of course one would think that as someone who watched […]
RichC | August 8, 2011
Double dip or not? That is the question investors are facing, especially if they are holding stocks and bonds. After lunch today the markets are still seeing heavy selling … panic selling perhaps … after the S&P downgrade this weekend. Realistically though, companies and even banks are much stronger than they were back in 2008 […]
RichC | August 7, 2011
Panic … it is going to be the big issue for financial markets come Monday morning. It won’t be pretty. Is there really a difference between where we were last week (after the debt ceiling increase) and where we will be on Monday morning? No, not really, but unfortunately Standard and Poor’s downgrade (PDF) of […]
RichC | August 5, 2011
While checking the stock market over lunch, it was again another depressing day. The Dow continues to march down as does the Nasdaq even on relatively positive news that we did have some private sector job grow and a slightly backed off unemployment claims rate of one tenth. It now stands at a high national […]
RichC | August 4, 2011
After the agonizing debates in order to come to a half solution to control our deficit, debt and raising the President’s ability to borrow these past several weeks, the debt ceiling agreement did little to help the world’s financial markets – Europe’s banking problem does little to help. Today Wall Street returned the largest lost […]
RichC | August 2, 2011
NEW YORK (CNNMoney) — Economists say the debt ceiling debate has already damaged the U.S. economy, and many worry that a deadlock could send the country hurtling into a double-dip recession. LINK Although the US Senate voted to pass the debt ceiling legislation and President Obama quickly signed it, the worries on Wall Street harkened […]
RichC | July 31, 2011
For many of us, getting a visual picture regarding the debate polarizing the country around the nation’s debt and deficit is helpful in understanding just how big the problem is. I found a WSJ graphic to be a clarifying example as to the gap between what we spend and what we take in as a […]
RichC | July 29, 2011
As the financial markets in the US trade down this morning on lousy economic recovery news (little growth – 1.3% annual rate) and no compromise in Washington DC on the debt ceiling … I’m wondering why politicians can’t find a solution with a country as strong as ours. The far right can’t come together for […]
RichC | July 28, 2011
In the Midwest we’re still sweating from the 90+ degree heat (12 days in a row for Cincinnati), although I’m getting use to it. We’re also sweating the debt ceiling and cost cutting measures being proposed in Washington DC by politicians. Like most of America, I watch the haggling and posturing between the extremes on […]
RichC | July 26, 2011
As Washington DC politicians debate how to deal with the U.S. debt ceiling and rapidly climbing debt, investors are faced with the growing possibility of default or at minimum a very real likelihood that we’ll see our nation’s credit standing slip. Individuals, companies and the government seeking to borrow money will see interest rates increase […]
RichC | July 21, 2011
While Americans wait and watch politicians haggling in Washington DC, the stock markets seems to be banking on a deal. Mid day on Thursday, the NYTimes mid-day reported that President Obama and Speaker of the House John Boehner were close to a deal … only to have Whitehouse spokesman Jay Carney quickly say that there […]
RichC | July 2, 2011
What’s with the sudden rise in oil price again? We’ve seen our weak economy take a crushing blow from rising oil prices once again. We all know that there has been an oil moratorium on U.S. oil ever since the BP oil spill … or perhaps since President Obama moved to the Whitehouse, but the […]
RichC | July 1, 2011
Since I’ve posted on stock market declines enough times already this year, it is time to focus on a little positive news. Recently (like the past week), the wider U.S. stock market has reacted positively to much of the news … some good some bad. Today was no exception as the markets rallied into a […]
RichC | June 29, 2011
A friend of mine recently switched carriers from T-Mobile to Sprint after grumbling about service … and the cellphone subject gave me something to make small talk with to a few of my customers on Tuesday. What I realized is that no matter the carrier, every customer complained. One plan did stand out … Virgin […]
RichC | June 29, 2011
The euro edged higher on Wednesday, supported by expectations that the Greek parliament would vote in favor of an austerity package, though wariness that this would only be a short-term solution to the country’s debt problems limited gains. News Headlines
RichC | June 27, 2011
Why do only 53% of the citizenry of the United States of America pay federal income taxes? Something’s not quite right when nearly half of the people benefiting from from living in this country are voting for, but not funding, those who are elected to spend others peoples money. This could change if congress eliminates […]
RichC | June 22, 2011
It should come as no surprise, but after Federal Reserve Chairman Ben Bernanke delivered his remarks on Wednesday saying the U.S. economy was recovering more slowly than expected, Wall Street had little interest in continuing to move indices positive. More than likely the fact that the Fed saw no reason to tighten money supply in […]
RichC | June 15, 2011
Saw this and thought it might be good to talk about with my kids … or add to that Life Lessons Learned advice book I’ve always talked about writing. 10 Biggest Money Wasters CNN Money lists the 10 biggest money wasters as follows: ATM fees Lottery tickets Gourmet coffee Cigarettes Infomercial impulse buys Brand-name groceries […]
RichC | June 10, 2011
I wish I would have been a better listener to the old adage: “Sell in May and go away and play.” (INDU heads below 12000 Friday morning) It looks as if we’re in for a 6th week of down markets; a tough summer for those Americans hoping President Obama’s “bump in the road” comment was […]
RichC | June 4, 2011
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RichC | June 3, 2011
The Dow Jones Industrial average continued its slide back towards 12,000 and most other indices followed suit. Unfortunately the stream of negative news relating to the economy has been pressuring buyers to either remain on the sidelines or sell shares in all but a few hot IPO offerings. From companies slow to hire new workers, […]
RichC | June 3, 2011
At age 85, former Federal Reserve Chairman Alan Greenspan talked candidly with the CNBC hosts this morning about the looming “debt ceiling” debate and more importantly our country’s lack of unity in addressing our deficit spending. Interestingly he is currently supporting some increases in taxes as a compromise realizing that in a divided government one […]
RichC | May 27, 2011
I’ve been watching (but not participating) in the initial public offering of Solazyme (SZYM), one of the first algae based biofuel companies to come to the market. Although they haven’t been trading for much more than an hour, the price well well above their $10 target and $19.70 open. As I post this over my […]
RichC | May 26, 2011
Has anyone back-tested Dog of the Dow technology stocks as a second half of the year purchase? Most of the technology upgrade cycles and business purchases happen during the second half of the year … and with CSCO (1.5% dividend yield) and MSFT (2.6% dividend yield) at the bottom of the Dow 30, they certainly […]
RichC | May 25, 2011
Herb Greenberg and Jim Cramer took the Sodastream challenge on CNBC Tuesday … I’m not so sure it’s the best option for those who enjoy Coke or Pepsi … or other brand named soft drinks? The beef for me is still the relatively high cost, limited availability and smallish CO2 canisters. Give me a small […]
RichC | May 23, 2011
European financial markets were down and Wall Street is sliding as well (11AM). The talk around the water cooler regarding the false prediction of May 21st being the beginning of the “end times” may be good for a smile, but one look at the S&P 500 Heat Map quickly removes the smile (at least for […]
RichC | April 30, 2011
I get so frustrated when I hear smart and successful men like John Malone speak and yet very few seem to be listening, particularly those who are in positions to implement change. His comments the other day during a business interview makes complete sense to me; he even offers up a few practical ideas. If […]
RichC | April 29, 2011
Call me a negative Nellie, but one has to wonder if we are really seeing much of an economic recovery? With prices rising, inflation looming (if not already here) and the buying power of the dollar severely weakened over the past year, how will Americans perceive those elected and appointed to guide the United States […]
RichC | April 28, 2011
I heard something similar to my posted title the other day on CNBC, and after hearing that the Federal Reserve will continue to keep interest rates low a bit longer, I’m seeing those concerned about inflation moving even further toward taking off-the-grid survivalist measures. Gold “up” – Silver “up” – Food Commodities “up” – Gun […]
RichC | April 16, 2011
Tax time is looming and per-usual I’m overly optimistic in thinking the longer I wait, the less I’ll have to pay. As the founder of The Navigators in 1933 wrote: "The greatest amount of wasted time is the time not getting started." Today, and for the last month, I have epitomized the point of Dawson […]
RichC | April 14, 2011
For those of us who can relate to being asked for investment advice by family … I’m sharing letter I received today that might help. For some delusional reason, a few in my family feed my ego by asking for investment advice, even though my competence is questionable. I usually keep quiet on the subject […]
RichC | April 13, 2011
Since the President delivered his budget in a speech during mid-day, I didn’t get the chance to listen to President Obama unveil his ‘updated’ budget … after the one he submitted two months ago. I had thought he might get serious about taking a bipartisan leadership position in deficit reduction and realized that most Americans […]
RichC | April 9, 2011
The financial markets continue to hold their own, which considering the continued of negative news we’ve hearing is amazing. Gold and especially silver (at a 31 year high) have become safe haven investments for some investors concerned that the economy will stumble and inflation (or likely ‘stagflation’) will be what we’ll see in the second […]
RichC | April 6, 2011
The fiasco in Washington DC over the 2011 budget, legislation that should have been passed last year by the previous congress is coming to a head once again. Some think we’ll see another extension delay tactic, but entrenched politicians are getting louder and seem to be unwilling to compromise. There are those wanting to cut […]
RichC | April 5, 2011
It looks to me as if grappling with how to pay for health care is going to be the biggest hurdle when dealing with our deficit spending in the future (as if it isn’t bad enough now). It doesn’t matter if we’re talking about current private insurance plans, Obama’s national health care law, Medicaid for […]
RichC | April 3, 2011
My son borrowed my Honda Pilot this weekend (just after I filled up – but I received a “Thanks Dad” text message from him), so I’ve been driving his Volkswagen GTI … fun. Of course the fuel tank is exactly where most college students keep their cars – empty – so I ended up filling […]
RichC | March 25, 2011
Stephen Lerner relayed plans to intentionally damage the economy of the United States last week and suggested it would start this May. He is (was?) a politically connected SEIU official who regularly visits the Obama Whitehouse, although is said to currently be on administrative leave – his phone rings through and voice mail still takes […]
RichC | February 27, 2011
Duke Energy, our electricity utility, was kind enough to ship me a nice size box of compact florescent lamps at no charge to replace our existing bulbs. I can’t say that I was surprised to see that they are made in China, but I sure would rather they be manufactured in the United States – […]
RichC | February 23, 2011
The stock market was down on Tuesday in its biggest drop in 2011. The unrest in the Middle East and North Africa sent oil prices soaring while those buying considered gold or precious metals with the recent news from Libya. The Dow Jones Industrial Average tumbled 178.46 points, or 1.4%, to 12212.79, the Standard & […]