Don't call or write your Senator or representative Don't sign any petitions online Don't join a consumer advocacy organization Our government is not one for the people anymore, and we must oppose the bailing out of failing, irresponsible, fraudulent corporations. Reasons to vote against the … [Read more...] about How to vote against the bailout
bailout
Our free(ish) market becomes less free with the ban of short selling
A couple of weeks ago, the SEC illegalized a type of investing that makes a market what it is - short selling. Simply put, a person can bet on the market going up by "going long" and buying securities in hopes of selling them for a higher price at a later date. Long positions can be leveraged by … [Read more...] about Our free(ish) market becomes less free with the ban of short selling
Who will bail out the government?
Although the House rejected the recent $700 billion bailout, there is plenty of bailing out that has already happened, and there is more to come. Already: $80 billion injected into failed AIG IndyMac bank taken over by FDIC Bank of America bought Merrill Lynch for $50 billion - 70% over its … [Read more...] about Who will bail out the government?
Is this the bottom? How to recover your stock market losses
This question is on the minds of millions of Americans. I know exactly how to recover your losses: get out of the U.S. stock market and recoup your losses elsewhere. S&P 500 loses 28% in one year The sales pitch of securities salesman is that the stock market goes up around 8% or 9% per year … [Read more...] about Is this the bottom? How to recover your stock market losses