Stock Market History Repeats Plunge
The chart below compares the current inflation adjusted stock chart to a chart of the period from 1964 to 1984 adjusted for inflation and adjusted so the peak in 1966 matches the peak in 2000. Historical comparison charts are generally useless, but the similarity here is at least interesting.
Based on the current historical trend, we [...]
Obama to Repeal Bush Tax Cuts
Barack Obama promises to return to the higher tax rates during Clinton adminstration once in office. It is amazing how many people who fall into the categories below think Bush is screwing them and Bill Clinton was the greatest President ever. Barack Obama has already promised that he will repeal the Bush tax cuts, and [...]
Markets Sink Again 2nd Day After Election
With President-elect Obama, concerns about widespread economic weakness are mounting, and it is sending the major stock indices into the ground! Stocks plunge again nearly another 5%. You think it is bad now, just wait until the socialist takes office in January, when Obama plans to implement a massive socialist economic stimulus package.
So, [...]
Stock Market Plunges After Election Day
It appears that having Barack Hussein Obama as President-elect has really struck to the core on Wall Street. The stock market plunged as Barack Obama’s historic victory induced renewed worries about the struggling economy. All three major indices (DJIA, S&P 500, and Nasdaq) sank over 5%.
Wall Street now knows that the new socialist [...]
Change Barack Obama Will Bring
Let’s take a stroll down memory lane. George W. Bush has been in office for nearly 8 years. The first six years, the economy was just fine. People took vacations and cruises, they bought new cars, gasoline was close to $2 per gallon, unemployment was as low as 3.8%, the stock markets [...]
Forrest Gump Explains Mortgage Backed Securities
Mortgage Backed Securities are like boxes of chocolates. Criminals on Wall Street stole a few chocolates from the boxes and replaced them with turds. Their criminal buddies at Standard & Poor rated these boxes AAA Investment Grade chocolates. These boxes were then sold all over the world to investors. Eventually somebody [...]
Dow Jones Plunges Worst Week on Record
DJIA ends the day at 8451.19 losing 1874.19 for the week, a drop of 18.15%, making this the worst weekly decline in history. This is no surprise to me since I believe, based on analysis of emperical data, that the stock market has been overpriced for the last 14 years. The Dow Jones [...]
Snowball Strategy to Pay Off Debt
There is actually a method to efficiently get rid of debt and becoming debt free. This is sometimes referred to as debt snowballing. Some people go as far as to even charge for this information, thus taking advantage of debt burdened people. However, here is the simple plan absolutely free!
Some people, like Dave Ramsey, suggest [...]
Who is Responsible for Government Spending?
John McCain says he will get spending under control in Washington. It is completely out of control. We have the largest increase in the size of government since the Great Society. Out of control spending and corruption of our tax payers’ money. I will make them famous, and you will know [...]
Playing Games with the Financial Markets
For those of you familiar with basketball and the March Madness playoffs. If you haven’t started yet, you can still participate in “September Silliness.” With all the financial troubles (both winners and losers) last month, the playoffs have only begun. Click on the image for a larger view. Pass around the [...]
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