Well, the fed is meeting again shortly, and it appears that they are going to hold the fed funds rate at its current levels. While I’m personally happy they are doing this (I have a floating rate HELOC), I’m not sure this is the best policy given our current ecnomic difficulties.
I am not a fan [...]
It’s been a while since I posted anything to the site. My life has been extremely busy with family, job and a number of other things. I’ve been very quite on the investing front as a result of this.
We are currently in very difficult times in the markets. They are moving dramatically [...]
75 basis point cut, 650+ day movement on the DJI, sectors soaring and falling like rocks… It has been a wild ride. Click in to read about the week that was, and what I think will happen over the course of 2008.
Big Ben and Co. cut the federal funds rate by 75 basis points this morning. That seemed to help soften the blow to the U.S. markets as they have mostly faded the opening gap.
Right now I have a very, very heavy cash position. In my long term (read: retirement) accounts, I am still continuing to [...]
Here we go…
Bank of America
BAC(33.98 +1.75) might buy Coutrywide
CFC(0.00 +0.00) - here is the link to the
yahoo finance story.
Big Ben wants to lower rates - here is another link, again
yahoo finance
However… American Express is warning that 2008 looks a little bleak -
yahoo finance.
What does it all mean!??
Well, I [...]
A quick recap of the first trading day in 2008. Click to read more about the current Russell 2000 trade, oil, the fed minutes and the economy in general.
2007 has come to a close. The Santa Claus rally didn’t really do much this year and we ended on a down note.
The RUT closed the year at $766.03 down ($5.73) for the day. All of the other major indexes shared similar performance for the lackluster close of the year.
Overall, 2007 was a [...]
There it is… so far it looks as though we finally got the bounce I had been waiting for. The Russell flew up about 17 points this morning at the opening and the overall markets look like they will continue to move forward as we get a slight relief bounce. Barring any bad [...]
