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Ten days ago I said that investing one’s money takes confidence. It seems I was more accurate on that point than ever, as August 2010 turns out to be the worst August since 2001, and that was days before what happened to the World Trade Center. The Dow dropped 4.3% in August, including dipping under [...]
I’m not the best investor in the world; we’ll get that out of the way now. And when you look at what’s been happening to the market lately, where the smallest bit of bad news seems to send the markets tumbling, it doesn’t give you the warm and fuzzy feeling of confidence. And yet, according [...]
For now, it seems that the freefall that was known as Citigroup has slowed down and actually stabilized for awhile. The company whose stock price used to be around $55 a share back in 2006 is now hovering around $3.50 a share, but it’s been hovering around there for a few weeks now, even slightly [...]
At the beginning of the week, I proclaimed that the stock market, most specifically the Dow Jones, was going to go down based on how things had closed on the previous Friday. Therefore, imagine my surprise when the Dow ended the week up close to 400 points. It’s a funny game, this Dow, and it [...]
On Friday, the stock market took another big nose dive for the third day in a row. The Dow Jones dropped 217 points after President Obama’s speech, where he said that he wanted to have tougher regulations on banks that come up with tricks to help make their profits rise, but a very risky to [...]
If you’re older than 21, you probably remember Super Bowl XXXIV in 2000, when no less than 14 internet companies had commercials during the game. Some people thought that was the peak of the Dot Com Era; instead, it was actually the end, or drastic demise, of the dot com era. By the end of [...]
I thought I’d written on this one before, but I don’t see it so I’ll write about it now. I’ve heard people ask this question over and over; where did all the money go that was lost in the stock market and in real estate? The answer is nowhere. The truth is that most of [...]
