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Stock Market Tag

There's an old saying on Wall Street that a bear market has not bottomed out until the last bull capitulates. News flash. The last bull has capitulated. Me.I'm a true believer in capitalism and markets. There is no better measure of what an item is...

The day before the presidential election, when Barack Obama's victory seemed all but certain, I predicted that I would be able to say "I told you so" about what lay ahead:When this bubble bursts, I will be able to say "I told you so." Unfortunately,...

Pre-Election prediction by one of our nation's most insightful commentators foresaw the devastating effects of an Obama victory, but no one listened:"The stock market will not rebound unless and until it is clear that we have a president-elect who believes in the markets. Someone who...

Respected financial journalist Charles Gasparino has an excellent article, entitled An Obama Panic? In the article, Gasparinio makes a point the mainstream media ignores: While Obama certainly did not cause the credit and market crisis, the fear of an Obama victory is fueling the crisis....

Are we witnessing the end of capitalism? Has it ever been this bad? Do these charts show the end of capitalism? I guess that depends on how you look at things. The first chart tracks the Dow Jones Industrial Average from 1920-1940, when the average went from...

Here is a link to my article, published in The Ithaca Journal, on how "Risk in the Mortgage Industry Spurred Meltdown": http://www.theithacajournal.com/apps/pbcs.dll/article?AID=/20080927/OPINION02/809270304/1014/NEWS17 ....

From Investment News: House Democrats contemplate abolishing 401(k) tax breaks Powerful House Democrats are eyeing proposals to overhaul the nation's $3 trillion 401(k) system, including the elimination of most of the $80 billion in annual tax breaks that 401(k) investors receive. House Education and Labor Committee Chairman...