Wall Street

I provided you with the text to a daily letter that Richard Russell sent to his readers, and the outlook is bleak – he believes there are some major storms on the horizon and that we might not even recognize our country by year’s end. That’s some pretty heavy stuff there to digest. Richard Russell

One of the dumbest things that a trader can do is try to predict earnings, economic reports, or the Fed. It is total lunacy! Honestly, it is that home-run, “Make-Me-Rich”, something-for-nothing, greedy-for-gain, lazy attitude that causes so many to try to play this nonsensical game. One of the biggest temptations is for the clock to

This is the time of the year in which Wall Street and Talking Heads are fascinated by predictions and outlooks on the coming year. I, myself, tend to ignore them and believe them to be outright foolishness. No one can say with any clarity or level of confidence what the market is going to do or not do,

You all have heard me harp on this perverted idea being headed up by Congress called  “Let Wall Street Pay for the Restoration of Main Street Act of 2009” which would essentially bankrupt the brokerage accounts of every trader out there over the long run. Congress is proposing a tax of 0.25% tax on every

Wasn’t planning on putting a new post out here this morning, but considering the circumstances, I thought I’d provide a few comments on what we are seeing here in the early going. First, I won’t be posting a watch-list this morning as the market is only open until 1pm today. Most of the declines

Here is an article written by Andy Sullivan over at Reuters that once again has me fuming over this tax happy government, that for some wicked and corrupt reason, thinks that our money is their money. At what point do we rise up as a collective body and tell these crooks – no more! You have

Meredith Whitney has some guts let me tell you. On the day that JP Morgan (JPM) reports postive earnings, and on the eve Goldman Sachs (GS) reports their, she comes out and DOWNGRADES the stock from BUY to NEUTRAL. As you all have probalby learned by now, I despise GS and the manipulative

I absolutely loathe the manner in which our government, including the House, Senate and Presidency continues to spend our money in such a frivolous and reckless manner and essentially compromising free markets and capitalism in the process. But this…This makes me more upset then I have ever been – this kind of crap will put

Unbelievable how this market continues to rebound from such dismal news. I’ll be posting some more charts on this tonight, outlining where the NASDAQ and S&P are at and what we might see going forward.