It’s been an interesting week and month of August with the market. The Dow ended up about 1% for the month, the first time it’s been positive since May. My own portfolio rose 4% today thanks to a great surge by Level 3 (LVLT) and XTO Energy (XTO). First off, everyone’s wishes [...]
Bernanke: Speech stated the financial issues from sub-prime have begun to spill over into the broader market. Banks have become more protective over their balance sheets. Financial markets became “impared’ post August 7th FOMC meeting. the discount rate cut was designed to provide liquidity source even if it’s not being used. The Fed must take [...]
Quick updates with a few changes to the blog. I’ve opened up the advertising subpage on the blog. If you’re interested in advertising with us, take a quick trip to the subpage or email me at investingadventures@gmail.com. I’ve also opened up the contests subpage. Any contests that we’ll be taking part in will be [...]
In case you haven’t heard about this, how would you like to be $12 million richer? Easy enough.. pray to become a dog. Leona Helmsley, a deceased cold-hearted bitch real estate developer, passed away a few days ago. Her net worth, along with her deceased husband, approached $4 billion. So how [...]
I was under the impression the selloff yesterday was a result of the continuation of the housing and financial crisis with housing reports indicating a decrease in median home prices by a good 3%. It seems the market was fixated on another piece of news yesterday, the FOMC minutes from three weeks ago. [...]