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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 [...]
Yesterday it was reported that the Nasdaq Composite Index rose 10.18 points, or 0.5%, to 1926.38, its 11th straight rise, a streak not seen since September 1996. The Dow lost 34.68 points, or 0.4%, and the S&P 500 index lost 0.51 points, or 0.1%. That all sounds good for NASDAQ, right? Except for one thing; [...]
By now, everyone has heard of Bernard Madoff’s Ponzi scheme, but few people really understand just what it was he did. To begin with, few people know just what a Ponzi scheme is. I found a great article on a news site, but I knew it would be gone pretty quickly. So, I created a [...]
