A Different Bonus Season
When Little Billy goes to Wall Street, he knows he’s not working for a charity. No, Billy carries his big name B-school sheepskin for special perks. His first month on the job, Billy buys a Mercedes so he can look cool when he’s out on the town. Not content with a roomy flat in Brooklyn, Billy picks...
The Year in Photos
Today we’ll spare you more financial news and instead share something fun: the Boston Globe’s 2008 Year in Photographs feature. These pages will take some time to download, but I promise you won’t be disappointed. Have a nice weekend. The Year in Photos Part 1 The Year in Photos...
Economic Stimulus: The Cure That Won’t Work
Today, news reports suggest that President-elect Obama may propose an “economic stimulus” of $850 billion. The goal is to create 2.5 million jobs by putting unemployed people to work on roads, bridges and other infrastructure projects. I believe this will be a colossal waste of money...
Six New 3x ETFs from Direxion
Direxion Shares introduced six new ETFs today, all with 3x leverage. You can now get 3x exposure to the daily moves and inverse daily moves of the MSCI Developed International Markets Index, MSCI Emerging Markets Index, and the Russell 1000 Technology Index. Direxion is a relative newcomer to the...
As the Dollar Falls, Goldcorp Rises: GG
When the Federal Reserve dropped key interest rates yesterday, it may have been the proverbial straw that broke the dollar’s back. Since August, the greenback has rallied. As the market has taken a beating, the dollar has been crushing most major currencies. Except for a dip in September,...
New Video: Pick of the Week: Goldcorp (GG)
Greetings Invest With An Edge readers. I’ve loaded a short video with a fresh idea for you. With gold bullion breaking out, and gold miners following, it’s time to take advantage of the Ben Bernanke REFLATION theme. I hope you enjoy it, and I hope we can all profit from it too. Click here...
Fed Launches ZIRP Helo Fleet
ZIRP, for those who aren’t up to speed with deflationary lingo, stands for Zero Interest Rate Policy. The Federal Reserve adopted it yesterday, declaring that the Federal Funds rate will now float within a range of 0% to 0.25%. In reality, the Fed Funds rate has been in that range for some time...
The Danger of Bear Market Rallies
The stock market appears to be pleased with today’s Federal Reserve action. Whether it will be enough to lift the benchmarks out of their recent funk remains to be seen. In any case, we are a long way from anything resembling a bull market. The best you can expect right now is a bear market...
New AirShares ETF (ASO) and Bye-Bye NXT
The sixth new ETF IPO of December began trading today with the introduction of the AirShares EU Carbon Allowances Fund (ASO). There are now 849 ETFs and ETNs currently listed in the U.S., but that number will drop back to 848 when the market closes today and the NYSE Arca Tech 100 ETF (NXT) halts trading. The...
Your Government Works Hard?
When normal people talk about working hard, it means something. For instance, if a landscaper works hard, he’s hauling dirt and mulch, portioning it into various flowerbeds, directing a crew to move plants, and gets dirty. In the summer he’s toiling in the blazing sun. In the winter, he’s...
