Geithner (the kid in the candy store) has already spent his five bucks and he's now asking total strangers for more money to blow on more candy. and the strangers are not allowed to say no. And, it's the strangers, not Geithner who will barf on the candy overload.
Consumer Spending Outlook Is 'Grim' [View article]
Individual consumer spending might help the nation's economy, especially short term, but most individuals are much more interested in their own short term welfare than they are in that of the country. Therefore, don't expect consumer spending to return to anywhere near previous levels for a long time, if ever. Long term, if we want this country to maintain first world status we are going to have to return to a manufacturing economy rather than the consumer driven one of the last few years.
Wall Street Breakfast: Must-Know News [View article]
The problem lies more with Obama than with Geithner. Besiders his tax preoblems, Geeithner is a member of the Fed and part of the old financial establishment. Why would Obama appoint him while talking nonstop about "change" ?
The reference to Las Vegas was well taken. After all "investing", especially in the short term, is really just gambling altho it should be more educated gambling than simply playing the red and black. And "gut feeling" does play a part.
Dividend Paying Stocks: You Only Have to Be Lucky Once [View article]
Agree with the author and with whisper. The share price of FRO is now down, along with almost all other stocks, and they recently reduced their dividend but now is certainly not the time to sell unless you need the money to pay for an emergency. FRO is a very well run company and it will eventually come back. I would add that selling covered calls in times like these of high volitility and falling share prices will dramatically increase your income stream. Altho FRO has paid large dividends in 2008, I have realized an even greater amount from selling covered calls on it this year. If I didn't already have about 10% of my portfolio in FRO, I would be buying at anything under $30.
Five Predictions for This Market [View article]
Consumer Spending Outlook Is 'Grim' [View article]
Winners and Losers in Today's Market [View article]
Who do we worship? - A-P-P-L-E !!! Wheeeeeee.
Wall Street Breakfast: Must-Know News [View article]
Market Headed to Retest Lows? [View article]
Dividend Paying Stocks: You Only Have to Be Lucky Once [View article]
Deflation Changes the Rules [View article]
An Optimist Looks at the Market [View article]
False Data Clobbers the Markets [View article]