Global Economy Portal Dow Jones 8497.31 (-36%);
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(All indices updated weekly, after US markets close on Friday. Percentage change
is from the index value 52 weeks ago.)
(9/22/2008 - Real Estate / Markets) Coughing up the cash for the 800 billion dollar VALUE DRAIN / U.S. bailout of troubled
financial institutions Socializing the proposed eight hundred billion dollar bailout is not a good idea. If Lehman went bankrupt, it is the fault of the management --- for it made fat brokerage fees while selling bonds derived from pooled mortgages, and its bankers got thousands of dollars each in cash bonus. Same with Bear Stearns and Merrill Lynch. Executives and bankers from these and other financial institutions involved with Mortgage backed securities should be bearing the bulk of these bailouts in taxes, and not the rank and file American. The proposed bailout will drain at least $10,000 from each American household. This is nothing but a value drain to the
tune of 800 billion dollars, so who should cough up how much cash should be a matter of vigorous debate.
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(3/26/2007) Using the broader market returns as your investment benchmark is Savvy Investing
... This was back in early 2000, when the markets were at the top of the world, and Wall Street money-managers were like little gods. The answer the executive gave is endemic of the problems that plague the whole Wall Street money community to this day: "Well, we have our own benchmark within the mutual fund industry. As per the latest data, only 65% of the funds trail the bench-mark. So, 1 out of 3 money managers is actually beating the benchmark."
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(3/2/2007) The Dow 400 Point Plunge, 10% to 15% correction likely
A historical perspective on corrections can serve as a good primer in the aftermath of the recent Dow 400 point plunge. Remember Alan Greenspan and irrational exuberance, in late 1996, 10 years ago? What was happening to the markets then, and where we are headed now?
Let's analyze...
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