It’s been a roller coaster stock market this past few months. Just when you think it’s going to zig, it zags, and vice-versa. It takes a lot of intestinal fortitude to be a long-term investor and not to react to these short-term market movements, often times instigated by those seeking to capitalize on our fears [...]
Category Archives: Commentary
Markets React To FOMC
The markets reacted to the recent FOMC statement by Ben Bernanke by dropping 2.5-3% across the board, both nationally and internationally. Source: Cartoons by Harley Schwadron
Bear Markets Aren’t Always Bad
A bear market isn’t always a bad thing. Sometimes it’s best to embrace the bear. It can stimulate us to change our lives for the better. Source: Kris Anka
No One Would Listen
I just finished reading Harry Markopolos’s book, No One Would Listen: A True Financial Thriller. As promised, let me give you my thoughts about it. For those unfamiliar with American financial hero, Harry Markopolos, he’s the mathematician, derivatives quant, and former securities industry executive turned whistleblower, whom uncovered Bernie Madoff’s $60 billion Ponzi scheme in [...]
Financial Regulation Reform
Funny how all of these things happened “unintentionally of course” around the same time in the last three months, huh? On April 16th, SEC charges Goldman Sachs with fraud in structuring and marketing of CDO tied to subprime mortgages. Within a few days of this indictment, the BP explosion and resulting Gulf oil leak occurs. [...]
Banking Conflicts
Trying to live frugally and living below my means, I don’t subscribe to cable television. So, it wasn’t until today that I heard about Dylan Ratigan. I watched his interview on Colbert Nation and came away impressed. It seems like we share the same views concerning corrupt Wall Street banks.