There was an article distributed nationwide, written by the Associated Press, and carried locally in the Asbury Park Press on March 22, 2008. I've re-printed the article here, but dropped in my own comments after each paragraph. The main point to take away from this...
All these firms hold the same investments. There is STILL considerable risk in the group. Why did this happen to just Bear Stearns? One of the first things I learned about investments was when it comes to bonds, think chocolate and vanilla, super simple: when interest...
UPDATE: Sunday evening, 03/16/2008: Bear Stearns to be acquired by JPMorgan Chase for $2.00 in stock swap deal. That is NOT a typo! The stock closed at $30 on Friday. On Thursday, it was $57.00. And yes, it was $150 last summer. This, essentially became a giant margin...
Another Weird Day on Wall Street Today, Tuesday, February 26, 2008 we received some negative economic news. There were reports of surging inflation and declining consumer confidence, and the early indications were the stock market would be down nearly 100 points. Not...
Most Wall Street recommendations to buy are based on projected future revenues and/or projected future earnings. Projected. Or you could say, "predicted". Ever notice that a stock will begin to drop (many times without any news), and people will begin to ask "why is...
Most Wall Street recommendations to buy are based on projected future revenues and/or projected future earnings. Projected. Or you could say, "predicted". Ever notice that a stock will begin to drop (many times without any news), and people will begin to ask "why is...
It appears that nearly everything written or said on Wall Street has an agenda behind it. This is just a casual observation I've made over the past few months. It seems that, in the last few months, the clients that happen to call me on an option expiration day...will...
The beauty of the Point & Figure chart is that the chart has no preconceived bias. A Point and Figure chart doesn't care who owns the stock, or who likes the stock...or even if somebody just predicted some stock would double in the next 12 months. The chart only...
Now, sometimes the "short-term" turns into the "long term," so we'll monitor what unfolds in the next few days. And keep you posted if conditions change. But my experience tells me we're not out of the woods yet. At least, on a longer term basis. Now, you've likely...
I've labeled this *the yikes spiral* because typically this happens when certain markets are in free fall. The most often example occurs when a company runs into trouble and may need to contemplate bankruptcy. It's a sad event, because people are losing money, and...
