Archive for August, 2007
Friday, August 31st, 2007
Comments from President George W. Bush and Fed Chairman Ben Bernanke put a thin smile on the faces of beleaguered investors, who are looking for any sign that the current economic woes which are largely the result of the subprime mortgage crisis, will soon be a thing of the past. ...
Posted in Market Commentary | 1 Comment »
Friday, August 31st, 2007
Many people have been predicting a complete collapse of the economy, but signs don't point to that happening. July consumer spending was up, but it's not enough to convince pundits that an economic rebound is imminent. The rise in spending related to a higher than expected rise in ...
Posted in Market Commentary | No Comments »
Thursday, August 30th, 2007
The housing market has been taking a beating lately and the number of foreclosures on the rise.
Analysts are now placing some amount of blame on "flippers" -speculative real estate investors that bought homes to either repair or to hold and sell to someone with the hopes that they could ...
Posted in Investing | No Comments »
Tuesday, August 28th, 2007
The fear bug bit investors again, and it cause the Dow Jones Industrial Average to plunge 280 points. Investors were anticipating a possible Fed cutting of interest rates, and when it became clear that would probably not materialize jovial moods turned sour as folks headed towards the exits.
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Friday, August 24th, 2007
Home sales in July were perkier than expected and the news elevated the hopes of investors. Sentiment has bleak on Wall Street for weeks now, but the idea that maybe things are getting better was enough to excite some investors.
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Friday, August 24th, 2007
Everyone loves the "for Dummies" type of books. They attempt to tackle complex subjects and break them down in a way that even an "idiot" can understand. But when you attempt to make up any kind of "investing for dummies" outline, your run into some serious snags. ...
Posted in Investing | No Comments »
Thursday, August 23rd, 2007
If you've put off buying a new home, today's market might be an especially attractive time to start your search for the home of your dreams.
With many mortgage lenders dealing with the aftermath of home loans that have soured, the real estate market has been flooded with both new ...
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Thursday, August 23rd, 2007
Countrywide Financial's shares rose 7% today as investors decided the $2 billion infusion of capital from Bank of America is proof that the company will survive. Countrywide, like many other subprime lenders, has been hanging on by a thread as the bad loans pile up.
Posted in Stock Highlight | No Comments »
Wednesday, August 22nd, 2007
The mortgage woes are not news anymore. The question these days seems to be, not who will be hit by the subprime troubles, but who will survive and who won't. One class of stocks that are down due these issues are those of the former high flying home ...
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Thursday, August 16th, 2007
Kenny Rogers wasn't kidding when he said "You got to know when to hold'em and know when to fold'em." Sure, his grammar sucked, but everyone got the point. Sometimes the best investing you can do, is the investing you actually don't do. Why? Because better investing ...
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