So, I was thinking about the government’s request to provide $700 billion in taxpayers’ money to prop up Wall Street investment banks. Aside from the now-popular thought that financing golden parachutes to Wall Street executives, effectively rewarding bad management, as a key argument to carefully consider the bail-out proposal, a few more implications came to […]
The last time I prognosticated on the gold commodity ETF, GLD, I strongly recommended a buy. Since then, the ETF went from somewhere in the 60’s to 90… and back down to settle in the 80’s. Now, that’s a wealth recovery ride!
So let’s check in again. The 3-month technical chart shows a retrenchment to 85 […]
I think not. One of our readers sent me a note, earlier today, asking if, as a day trader, I would consider riding the volatility of these two federal bail out babies? The reason was that the stocks have been severely beat up and, with the federal bail-out, are poised to recover.
Being a fan of […]
Are you familiar with the game of “Chicken?” This is a game that we would play with our bicycles, as children. Starting at opposite ends of a street, two kids would head towards each other until they crash, head-on. The first kid to swerve out of the way, to avoid the inevitable accident, is the […]
Here’s a follow-up on my previous post. I just plunked a few dollars in the GLD ETF, on Monday morning, and it popped up, during the day, thanks to all the Wall Street turmoil. Also, I ran the technicals and, according to fast Stochastic and RSI, it looks like this ETF wants to experience a […]
The Lehman rescue failed and BofA bought Merril. The US stock markets closed low, last week. CBS Marketwatch has negative headlines. The mood is low. It’s 10:30pm on the US West Coast, this Sunday evening, as I write this. How do I think the market will open, tomorrow morning?
At times like this, I wonder […]
The Financial Times produced a video interview with Chang Siwei, Dean of Management at the Chinese Academy of Science. China, according to Dean Siwei, had a 2007 inflation rate of 4.8%. During the first half of 2008, it jumped to 7.9%. The second half is looking like 6.3%, showing that the Chinese government is being […]
The thing I like about blogs is that, if well done, you can expect consistent quality and predictable topics of discussion. And, normally, the writing is bite sized. By that I mean that it should be informative but concise enough to be easily read in a short timeframe and, hopefully, somewhat entertaining.
These are ideal criteria […]
I last checked this a couple of days ago and believe this to still be true. (If anyone knows differently, please let me know as soon as possible.) I saw deposit certificates, in New Zealand banks, paying 8%. The cost of borrowing US dollars, on the open market, is approximately 2%. Anyone with access to […]
Can’t we get a little restful time off? In the US, it’s Labor Day weekend. Normally, we enjoy barbeques, a football game or two, and if we get bored, go shopping for a new car… not unlike Memorial Day or the 4th of July (minus the fireworks). However, over the past few years, another sad […]
