3x ETFs Coming Your Way!
Are you kidding me? Direxion Funds has announced plans to launch eight new leveraged ETFs that will give you three times the exposure (long and short) on the following: Russell 1000 Russell 2000 Russell 1000 Energy Index Russell 1000 Financial Services Index This is exciting, just think what...
Muni Bonds: The New Cash (SHM)
It’s hard to deny we’re in a difficult market right now. Unless you’re in 100% cash – and have been for 6+ months – then you’re feeling the pain. Such is life for an equity investor. Although equities tend to have attractive multi-year growth rates, there is always...
Bear Market In Dead Trees
“For every action, there must be an equal and opposite reaction.” This law of physics applies in the business world, too. When you read things on the Internet – as you are doing right now – you are also not reading them in the traditional paper-and-ink format. So? Well, there...
Bush Proposes Kitchen Sink…I mean…2nd Stimulus Package
If you’ve ever opened a Swiss watch, you know it’s very complex. From the case back, to the crown, to the finely measured quartz – a watch is an intricate piece of machinery. Tack on the additional bezels, dials, and tachymeter and the intricate can become quite beautiful. As amazing...
Is the Sage of Omaha Infallible?
Stock investors were slightly encouraged today by a New York Times guest column by the greatest of all investors, Warren Buffett. He says he is buying U.S. stocks in his personal account because they are now so undervalued. It’s classic Buffett action: “A simple rule dictates my buying: Be...
The Culture of Entitlement Has Limits?
It’s no secret the culture of entitlement is alive and well on Wall Street. Expectations for financial backstops are rampant in banks. No matter what sort of bad derivatives, bad loans and just plain bad decisions were made in these institutions, these financial companies still expect a bailout....
A Better But Still Painful Way
Financial super-blogger Mish Shedlock has been following the various bank rescue/bailout plans with a jaundiced eye. On Monday he summarized it more succinctly than anyone else I have seen so far: “To stimulate lending, the bailout plan will attempt to recapitalize banks. The method of recapitalization...
A Big Day – But Hold the Applause
It was a big day for the market. The Dow had the biggest one day point gain in history, jumping over 936 points. The S&P 500 was up over a 1000 again and the Nasdaq had the biggest percentage gain by rising +11.8%. If you watch CNBC, you knew something was different by all the smiling hosts. It started...
Is It Over Now?
Today brought a fitting end to one of the wildest weeks in stock market history. The Dow whipsawed up and down within a 1,000 point range, twice recovering from drops of 500 points or more and ending with a last-hour rally that made the 128 point closing loss look like a victory. The CBOE Volatility...
Re-Booting America
We are undergoing a significant change in America. Political and market forces are dramatically altering the psychology of each and every one of us. I am especially bullish for the long term as I think the moral and ethical fabric of society has been exposed, and we don’t like what we see. Investors...
