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. […]
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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 […]
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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 […]
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Tags: dow, investing, markets, wall street
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), […]
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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 […]
Filed under: Audio, Financial by RichC | 2 Comments »
Tags: audio, cnbc, james paulsen, wells capital
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 […]
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Tags: dow, Financial, markets
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 […]
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Tags: federal reserve, markets, stocks, wall street
The Dow Jones Industrial Average recently rose 4 points, or 0.04%, to 10813 points. The index, which gained as much as 243 points at its morning high, saw its rally fade ahead of the Fed decision and then turned negative after the statement was released. It briefly recaptured some of the gains before falling sharply […]
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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 […]
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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 […]
Filed under: Financial, News, Space by RichC | 2 Comments »
Tags: dow, economy, juno, mars, nasa, nasdaq, space
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 […]
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Tags: Financial, investing, stock market, trading, wall street
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 & […]
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Tags: economy, gold, investing, stocks, trading
January 31, 2011
The US stock market surprised many with strength as all three indices were up after continued turmoil in Egypt over the weekend and today (last week). To nobody’s surprise though, oil traded higher on the ICE futures exchange which saw Brent crude up $1.59, or 1.6%, at $101.01 a barrel; that was the highest settlement […]
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June 4, 2010
U.S. markets close back below 10,000 today as worried investors see debt in Europe and weaker than expected jobs numbers in the U.S. as bearish for stocks. The slight improvement in unemployment was tarnished by the addition of nearly 400,000 government census temporary hires … leaving only 41,000 jobs being added by the private sector. […]
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May 27, 2010
DJI: +285 (+2.8%) | NASDAQ: +82 (3.7%) | S&P 500: +35 (3.3%) If I knew how to trade the up and down stock market I’d be a happy camper … unfortunately it is near impossible. Today’s comeback saw stocks returning the losses from Tuesday and Wednesday, but conditions on Wall Street (and in the overall […]
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Tags: markets, stocks, wall street
March 19, 2010
Palm, Inc.(NasdaqGS: PALM) After Hours: 3.97 -0.03 (-0.81%) 7:59pm ET Last Trade: 4.0025 Trade Time: 4:00pm ET Change: 1.6475 (29.16%) Prev Close: 5.65 Open: 4.64 Bid: 3.95 x 1500 Ask: 4.00 x 10000 1y Target Est: 7.33 Day’s Range: 3.9575 – 4.77 52wk Range: 3.9575 – 18.09 Volume: 125,559,529 Avg Vol (3m): 19,159,100 Market Cap: […]
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Tags: palm
February 25, 2010
While waiting for the expected Palm webOS 1.4 anticipated update, I’ve been thankful not to have invested in PALM stock after last years new products. As more and more competitors jump into the smartphone market and take the limelight off the Pre and Pixi phones, the concern is over the profitability (and survival) of the […]
Filed under: Cellphone, Financial by RichC | 4 Comments »
Tags: palm, pixi, stock, webos
October 15, 2008
Long term investors and all who are saving for college or retirement through stocks or mutual funds are suffering yet again as the financial markets continue to slide. After a huge move up Monday, the trading on Wall Street headed down again, this time on gloomy economic warning from the U.S. Federal Reserve. After a […]
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October 13, 2008
The traders on Wall Street had a busy day today as they put a few dollars back to work after the huge selling last week. The record day was the biggest single day more for the stock market in history, or at least since the Great Depression. The Dow Jones Industrials (3 day chart above) […]
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Tags: djia
October 6, 2008
The financial crisis is rippling around the world and that fear is being reflected on Wall Street as the DJIA dropped a full 800 points during trading on Monday, although recovered somewhat to close off only 370 points at 9955.50. Almost all stocks took a beating again today shrinking all who invest for college or […]
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Tags: djia, finance, market, stock
September 29, 2008
Like many investors, I’ve been watching the reaction to the bank melting down on Wall Street. All who are invested in America (and rippling overseas) are going to be impacted in real estate value, stock value, bond security and the ability of our government to remain sound. This devaluation will no doubt slow our economy […]
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September 19, 2008
Big changes for the financial markets as the SEC steps in to slow short selling of 799 financial companies and secure Money Market Fund holders on the heels of an injection of loan money from Uncle Sam earlier this week. Predatory short selling is in part to blame for the meltdown in financial sector. In […]
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February 5, 2008
After a bit of recovery in the financial markets since January, the markets returned to fear as recession looms over Wall Street. All U.S. stock markets ended lower on Tuesday after data showed the services sector shrunk in January to the lowest levels since the last U.S. recession. Continued concerns over the credit worthiness of […]
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January 23, 2008
Apple Inc. reported that their holiday quarter was strong showing profits were up 57% during the three months that ended December 29th. Unfortunately investors who are concerned that the slowing economy will ding Apple in 2008. Forecasts from Apple, which are usually conservative, were for a 94 cents per share this second fiscal quarter, far […]
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December 31, 2007
My family has been enjoying some time out of town and away from the computer, cellphone, Internet and WORK! In full disclosure though, I did make an attempt a post from my Palm Treo 700p as I wanted to comment on my daughter’s new iGo Keyboard, but wasn’t able to get the post and photo […]
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Tags: flickr, igo, keyboard, treo
July 26, 2007
Those who know my daily routine see me nosing around in the stock market — sort of a hobby. Yes it is a relatively risky business, but if managed wisely one’s investments can mature at a significantly better rate than many ‘pay for’ advice organizations in selecting mutual funds, bonds, CDs, etc. Before talking ‘stocks, […]
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February 22, 2007
Although Corning Incorporated provides display technologies and telecommunications glass substrates for liquid crystal displays and fiber optics, they are also a 30 year player in ceramic emission products too. If diesel use grows in the US as some believe, Corning stands to gain the lion share of the new pollution control filter market. Currently their […]
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December 31, 2022
If you were filling your tank, paying to keep the lights on or buying groceries (or shopping for nearly everything) … 2022 has been a struggle. If you were saving for college or retirement, it was also very painful. Will 2023 be a continuation or a painful recession … or is there a chance inflation […]
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Tags: barrons, economy, inflation, investing, pain, retirement, saving
June 11, 2022
CPI up 8.6% driven by a 35% jump in energy prices and 12% increase in groceries This is what a “sea of red” looks like for investors and stock market traders … and I can only imagine the “red” those living on a fixed income or families struggling to make ends meet must be seeing? […]
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Tags: biden, davy crockett, energy, fuel, gasoline, idiom, idioms, inflation, investing, seeing red, stock market
January 25, 2022
So … how’s the economy doing in 2022? Well, if you measure it based on the stock market or maybe finding a job (if you want to work) … then the façade looks ok. Dig a little deeper and you’ll find out that your paycheck doesn’t go that far … IF you can find what […]
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Tags: biden, big govt, covid tests, economy, facade, fossil fuel, government, idiom, idioms, inflation, milton friedman, money printing, oxymoron, propaganda, quotes, socialism
November 8, 2021
Although I usually don’t purposely listen to jazz, I do appreciate hearing it when it is played and discussed. Last week when Fox Business host Charles Payne mentioned “We’re having a Miles Davis rally” in reference to the stock market – and the “be there or be square” 1950’s slogan. I tweeted about it and […]
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Tags: charles payne, foxbusiness, idiom, idioms, jazz, miles davis, music monday, musicmonday, stock market, tweet, twitter, youtube
September 3, 2021
A friend asked me the other day, “what are you going to do if inflation becomes a bigger problem than it is already?” Good question … the canned answer (safe answer) is to be diversified. The reality is far more challenging. There was a day when the first reply was to own hard assets like […]
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Tags: business insider, commodities, crypto, cryptocurrency, energy, Financial, gold, inflation, investing, nfts, stocks, tips
August 14, 2021
The older I get, the less investment risk I’m comfortable taking. Perhaps it is not the age thing, but having experienced stock market gyrations and what happens to our investments? For those of us in small business or in the gig economy, and increasingly for those who move from company to company, we are our […]
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Tags: 401k, bonds, cef, cheat sheet, etf, finance, investing, investment advisor, ira, primer, retirement, robo-advisor, saving, stocks
June 23, 2021
Although I’m likely tainted in having lived through a period where inflation was real and uncontrolled, I do worry that people living today either ignore or downplay the negative impact inflation, stagflation or worse … hyperinflation … can make on our country. For those who know me, I’ve likely been the “boy who calls wolf” […]
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Tags: clough, federal reserve, fomo, fox business, hyperinflation, idioms, inflation, investing, jonathan hoening, phil flynn, twitter
April 7, 2021
In keeping with a New Year’s resolution from “years ago” to read more non-fiction books and some classic literature still sitting unread on our new bookshelves, I’ve picked up a new edition of an “older” book. For April and more likely May (statistically good months for stock market investing), I’m reading “A Random Walk Down […]
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Tags: barrons, Books, bookshelves, burton malkiel, interview, investing, random walk down wall street, reading, resolution, value
January 26, 2021
All I can think about are the stock market “bubbles” from the past. I’d love to believe the upward trend we’ve seen this past years is genuine and built on an appropriate foundation, but suspect as most know, it is being built on “hope” and “stimulus dollars.” Now that is not to say that certain […]
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Tags: barrons, bubbles, coronavirus, covid19, economy, finance, investing, jack hough, jeremy grantham, pandemic, recovery, stimulus, stock market, trading, valuation
March 26, 2020
When I was growing up, I had a passbook savings account that was a teaching tool used by my parents to instill responsible money management. I deposited a small amount in it every few months or so when my mom would go to the bank and got my passbook stamped with an update as to […]
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Tags: banking, banks, interest, letter, money, passbook, rates, saving, savings, scan
March 16, 2020
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Tags: 1977, graduation, johnny rivers, mp3, Music, music monday, musicmonday, siriusxm, slow dancing, swayin to the music, the bridge
March 7, 2020
I’ve purposely put off posting anything to MyDesultoryBlog as the worldwide spread of the Coronavirus Disease 2019 (#COVID19) began. Partially since it is challenging to separate the unfounded fears and panic from the real threat since the reporting varies based on news sources (Information from China is particularly questionable but western media sources aren’t all […]
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Tags: 401k, be prepared, boy scouts, bsa, cdc, coronavirus, covid19, disease, flu, Health, idiom, idioms, infection, influenza, investing, ira, mortality, opinion, pandemic, precautions, retirement, savings, seasonality, trading, virus, who
January 11, 2020
Forgive me for being a bit redundant in worrying (again) about the hot tech stocks like Apple (AAPL), Google (GOOG), Facebook (FB), Amazon (AMZN), Tesla (TSLA) and Netflix (NFLX) among others as the Dow Jones Industrial Average flirts with 29,000 in mid-January 2020 (even a broken clock is right twice a day! ― Marie von […]
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Tags: aapl, apple, barrons, djia, election, etf, finance, investing, mutual fund, retirement, savings, stocks, trade, wall street
May 22, 2019
Yes … the U..S economy is in good shape … but if you are an investor, these last few weeks may not have felt like the stock market is responding as it should in a good economy? Enter trade with China … well primarily China. Yet there is also unrest in the Middle East with […]
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Tags: barrons, china, economy, financial markets, investing, phrase, Politics, tariffs, trade, trading, trump, united states
May 1, 2019
Those of us invested or following the stock market either with individual stocks, mutual funds or ETF index funds have to be pleased with the rebound in the economy since December 2018. The first quarter has rewarded those who remained invested (so as long as they have been diversified) for the long haul. Even with […]
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Tags: 401k, economy, Financial, investing, ira, markets, stocks, trading
March 17, 2019
Years ago I thought I could outsmart the market … and in the 1990s when the tide was lifting all boats, I could … but that was before algorithms and computerized trading. I’ve since learned not to continue that dangerous “day-trading game,” at least for the most part. Still, new investors see a “system” working […]
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Tags: advice, ani gif, dividend, ex-div, investing, planning, retirement, saving, stocks, trading
November 13, 2018
After Monday’s selloff (see below), what lies ahead for the U.S. economy? That thought has some of seriously thinking the next economic downturn could come sooner rather than as expected … later. The sell off … "again" … has me wondering if we are prepared for the next recession? Is the U.S., or the world, […]
Filed under: Education, Financial, News, Politics by RichC | No Comments »
Tags: debt, economist, economy, federal reserve, fiscal, government, investing, markets, monetary, policy, recession, stocks, wsj
November 4, 2018
Americans are finally working again and the U.S. is once again the place for businesses to expand, hire, give raises and grow. For all the questionable rhetoric from the far right and left extremes … and yes, from President Trumps’ "tweets" and biased media reporting … the actual governing under his administration and a GOP […]
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Tags: congress, economy, election, mid-term, polics, polls, promises, trump
October 26, 2018
For those who watch the stock market, today was another one of those October trading days that can give one the willies. It was a reminder of the dreaded Octobers of the past and added to the steepest indices October decline since the 2007-2008 crisis. Still, the economy is sound, company earnings are good (tech […]
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Tags: antifa, bombs, cesar sayoc, extremes, investing, mail, october, Politics, rhetoric
October 11, 2018
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Tags: annalyn, djia, facetime, family, Financial, hurricane, investing, iphone7, markets, michael, photography, space, stocks
September 20, 2018
If the stock market is worried about another round of China tariffs, it sure doesn’t show it. Thursday saw the DJIA back to its record high from earlier this year. The S&P 500 did the same and even the Nasdaq was positive although off the higher record area earlier this year … but not by […]
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Tags: china, djia, economy, election, nasdaq, opinion, Politics, s&p500
July 19, 2018
One of the topics of conversation for me throughout the years has been investing and trading. I enjoy the research and challenge, but having made many bad picks and mistakes, also realized just how dicey this is. This has made me sensitive when talking too specific with family and friends … even though I enjoy […]
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Tags: advice, dadh, dalbar, family, finance, investing, markets, s&p 500 index, stocks, trading, ww2
February 9, 2018
With the rapid drop in oil prices, and equal "10% correction" in the overall stock market, will improving wages offset by falling commodities (oil) cause the Federal Reserve rethink their concern that inflation is picking up? Current thoughts were that we could see three quarter point rate hikes in 2018 if the economy continues to […]
Filed under: Energy, Financial by RichC | No Comments »
Tags: chart, crude, economy, federal reserve, finance, interest rates, investing, oil, policy, stocks
January 30, 2018
With a rebounding economy, strong stock market and job opportunities for all who want to work … there is optimism in the country. President Donald Trump capitalized on the positive attitude most American have and highlighted the recent tax cuts as something all will start to see in their paychecks this year. Besides the IRS […]
Filed under: News, Politics by RichC | 1 Comment »
Tags: optimism, president, sotu, speech, trump
May 1, 2017
The rate of U.S. inflation for March was slower than expected just one month after hitting a five-year peak. The number reflects lower gasoline and consumer goods prices, including automobiles. Thiis could ease pressure on the Federal Reserve to raise interest rates, even though central banks have telegraphed increases this year. The U.S. economy is […]
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Tags: economy, finance, health care, inflation, obamacare, reform, taxes
April 26, 2017
What a start to the week for the stock market! There is optimism that something "will" get done with taxes, unlike #RepealAndReplace legislation. The news is that President Donald Trump will be unveiling his proposal to cut corporate taxes on US companies’ foreign profits and slash the top tax rate has investors in the "buy" […]
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Tags: investors, president, speech, stock market, taxes, trump
February 1, 2017
After the stock market closed yesterday, Apple $AAPL reported their fiscal first quarter earning and shocked even the most bullish in the crowd. Their iPhone 7 sales help them deliver record earning, no doubt due to Samsung’s battery issues (Android users switching to Apple iOS). Considering Apple make a lot more than phones, it is […]
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Tags: aapl, apple, finance, investing, iphone, trading
January 6, 2017
U.S. employment increased less than expected in December, but wages are rising, ever so slightly after a long stagnancy. Most economists are positive since they say we only need to create 56,000 jobs per month to keep up with current levels of new entrants in the job market. Others will point out that our job […]
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Tags: djia, dow, economy, microphone, rode, tech friday, techfriday
October 18, 2016
Maybe it is just me being a little nervous, but there are a lot of potential triggers for panic. The craziest presidential election I’ve ever seen, a stock market that has risen longer than average between recessions (with tepid economic growth), unrest in the middle east (of course always on fire) and both the Chicago […]
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Tags: baseball, chicago, cleveland, economy, election, surprise, vanguard, world series
January 28, 2016
The stock market continues to move in favor of the “bears,” which goes against most long term savers and investors. One of the biggest stories today was that of Apple Inc $AAPL who reported earning of $3.28 per share which was 4 cent higher than the consensus. Revenue was nearly $76 billion and short by […]
Filed under: Financial by RichC | 1 Comment »
Tags: aapl
July 10, 2015
For the past few weeks I’ve been enjoying a quick read each morning summarizing the previous day’s news from theSkimm.com. Currently it is a free subscription and is delivered to your email box and worded in a light and easy to comprehend way. For those interested in more of a business news update, check out […]
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Tags: email, freedompop, gerald baker, newsletter, tech friday, techfriday, theskimm, wsj
June 15, 2015
With the stock market opening off 150 points or so this Monday morning, the short sellers are having their way with the social networking stock of Twitter. TWTR is down 3.8% to $34.50 as of 11AM. What is it going to take to see this commercially and widely used service change direction … or will […]
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Tags: $TWTR, investing, network, social, stocks, twitter
February 25, 2015
With oil prices down and the stock market in rally mode (particularly these top 5 Nasdaq stocks), it might be time to nibble on a few of TheStreet Ratings best Oil and Gas companies (below). I’ve been watching a few of the “big oil” companies figuring it was time to start building a more diversified […]
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Tags: $XOM, cnbc, investing, oil, stocks, trading
January 15, 2015
While watching the stock market decline and gold prices rise this week (Swiss franc against the euro decoupling) and listening to economists suggest deflation is likely, it is becoming clear that the slowdown overseas will be impacting earning for large cap companies and international funds. The U.S. economy seems to be holding up, but pension […]
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Tags: economy, euro, gold, investing, swiss franc, trading
December 15, 2014
Wow! … I’ve watched oil continuing to dip lower on Monday afternoon (WTI $55.40/barrel) and this rapid drop in recent weeks has “for some reason” caused equities to sell off. Normally one would see lower oil prices as a good thing for the stock market since it makes goods and products less expensive and gives […]
Filed under: Energy, Financial by RichC | 1 Comment »
Tags: crude, oil, petroleum, stock market
October 10, 2014
Investors have a love-hate relationship with the month of October. It is a volatile month and has had its share of stock market ups and stock market downs. Those of us who were around and investing in 1987, we mostly remember the “down.” In those days before Internet investing, hearing and seeing share prices drop […]
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Tags: Business, cbnc, cpp, giphy.com, investing, memories, stock market
October 9, 2014
Volatile financial markets seesaw so far this week. From 2% down on Tuesday, to 2% up on Wednesday and now back down 2% on Thursday … Friday should be an interesting day and right in keeping with October trading. Here are a few thoughts from Jeff Macke (Yahoo Finance) concluding that the “stock market has […]
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Tags: djia, financial markets, investing, nasdaq, stocks, trading
August 24, 2014
The stock market roars to new highs as the summer comes to an end, but investors continue pouring money into higher risk equities as if they have forgot what can happen. This is in part due to the low yield in fixed income assets and the new indice highs have more than a few economy […]
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Tags: Books, debt, economy, federal reserve, markets, paul ryan
January 2, 2014
For the past four years the stock market has started the year on a positive note, but today the sellers outweighed the buyers sending the indices down across the board. The S&P500 was down nearly 1% followed by .80% moves down in both the Nasdaq Composite and the Dow Jones Industrial Average. A downgrade of […]
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Tags: investing, stocks, trading
October 26, 2013
After writing the Liquidity addict post for Friday and speculating that our “irrational exuberance” for stocks has bold investors buying with reckless abandon (CNBC on Friday said margin buying is near all time highs). Concerned? Hmm, yup. I also received a couple of emails from readers who said they were happy, but also worried about […]
Filed under: Financial by RichC | No Comments »
Tags: finance, investing, options, puts
November 17, 2012
There is a Rise Above movement afoot and it is being promoted by business news network CNBC. Supporters and business leaders from both political parties agree that politicians must work together to focus on the financial health of our country and rise above partisan politics. We have yet to see progress and the stock market […]
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Tags: cincinnati, cnbc, finance, investing, Politics, rise above
June 1, 2012
The Dow’s gains for the year have been officially wiped away. After thinking 2012 might be the year we work our way out of the long recession, the job numbers tell otherwise. After all the debt-financed stimulus, continued wasteful spending and inefficient use of tax receipts coming from Washington DC … confidence is slipping and […]
Filed under: Financial, News by RichC | 4 Comments »
Tags: Business, economy, investing, News, stocks
May 21, 2012
So much for day two of the Facebook IPO … no need to look here for some stock market excitement. As the Star Wars line goes, “These aren’t the droids you’re looking for … move along.” Perhaps there was just too much hype? Thankfully I didn’t jump when offered a few shares at $38 … […]
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Tags: facebook, fb, finance, investing, ipo, stocks
May 18, 2012
Facebook made it stock market debut today with a $5 move from the $38 IPO price to above $42/share and then kind of drifted back to close the day at $38.23. There was plenty of interest. Lots of hype and even a NASDAQ snag to prevent an on time opening this morning. For employees of […]
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Tags: facebook, fb, finance, ipo, stocks
May 17, 2012
Stock market heads down again as investors and traders head for the sidelines and U.S. Treasuries, which by the way are hitting all time lows. In fact the 10-year note closed at 1.70% yield … a record low yield for the security of U.S. notes. On the other hand the much anticipated Facebook IPO (FB) […]
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Tags: facebook, fb, fixed income, treasuries
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 […]
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Tags: congress, debt, deficit, whitehouse
June 2, 2011
The Republican heavyweight contender (at least in raising campaign funds) has announced his candidacy for presidency today at an event in New Hampshire. It was an expected move from a somewhat calculating and predictable politician/businessman – perhaps something the country needs? Former Governor Mitt Romney, a hardened campaigner, made the announcement at the Bittersweet Farm […]
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Tags: campaign, economy, elections, mitt, president, romney
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 […]
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Tags: dollar, finances, investing, recession, savings, stocks
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 […]
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Tags: biden, budget, obama, speech
December 31, 2010
It has been a positive year for those brave enough to stomach the stock market and remain bullish as the DJIA closed the year at 11,578 (up $7.80 today). The year was far from a gentle, but still up except for the sudden and steep downturn prior to summer. In fact, hindsight says you would […]
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Tags: 2010, djia, investing
May 12, 2010
Gold, the investment that rises when risk becomes too great has reached its highest level trading up on Tuesday and continuing to push record areas on Wednesday morning. The $1240 per ounce price has investor’s worried about markets and inflationary pressures. The stock market is opening higher today renewing a bit more confidence that the […]
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Tags: finance, gold, investing, trading
May 10, 2010
Nice rebound for those watching the volatile stock market. Stocks posted their biggest one-day gain in more than a year, boosted by a nearly $1 trillion bailout package to stem Europe’s credit crisis. The Dow Jones Industrial Average jumped 404.71 points, or 3.9%, to 10785.14, helped by gains in all 30 of its components. The […]
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May 7, 2010
If the whipsaw moves in the stock market didn’t make you sick to your stomach today, then you’d make a great bluewater sailor. I’ve followed the market as an investor and occasional daytrader since the crash of 1987 and I don’t ever recall as rapid a selloff as we saw Thursday afternoon. As I was […]
Filed under: Financial, News by RichC | 2 Comments »
Tags: investing, stock market, trading