Tag: Stock market
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It’s a great time to take nervous nellie investors to the cleaners
It’s often said that fools rush in where angels fear to tread. So is it foolish to buy into the stock market right now? Yesterday’s market suggests it’s a foolish time to buy anything. After yesterday, the S&P 500 is in official bear market territory. The DJIA briefly dropped more than a thousand points before…
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Dealing with and maybe profiting from inflation
Last July, I wrote about inflation as it seemed to be back. Six months later we can definitely say that it’s back, with prices up about seven percent compared to a year ago. Certain goods and services are a lot more expensive, generally the stuff you need every day like food, gasoline and shelter. What’s…
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The dangers of the shorted short sell
I know something is a story when my wife gloms onto it. So, it was pretty extraordinary when she focused on the financial crisis involving short sellers of GameStop stock. I’m doubtful she even understands what shorting a stock means. I’ve watched a half dozen videos on this and I still find it confusing. What…
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The dangers of free stock trading
I noted recently the crazy things being done to inflate the stock market. It’s good in a way that the Fed and Congress are trying to keep Americans from feeling the oppressive weight of our economic collapse. We may have gotten a $1200 one-time payment and perhaps some extra unemployment compensation. But the biggest beneficiaries…
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The wizards of Wall Street are no wizards
During our recent cruise, we at least got grainy MSNBC satellite TV. When I watched it, I watched the stock market yo-yo back and forth pretty much every day: the DJIA down a thousand one day, and it would often recover it the next day. The general trend though was down, a lot. In a…
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Am I a financial genius?
My recent post I’m betting on a recession didn’t get a lot of reads. There was no reason it should because I was just some nobody opining that a recession was imminent who decided to make a six-figure decision to lessen the impact if it happened. We won’t know officially if we’re in a recession…
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Some surprisingly simple ways to actually grow the economy
In my last post, I discussed why the soaring stock market doesn’t mean a lot to most people. Roughly half of us don’t have the money to buy into the stock market, and most of us that do can only afford to do so through a retirement vehicle like a 401-K or an IRA. The…
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A soaring stock market means little
Donald Trump is hoping to win reelection based on the soaring stock market. Good luck with that. A soaring stock market doesn’t hurt, but these days a soaring stock market amounts to more evidence that more income is being redistributed toward the wealthy. Why is that? It’s because you have to be relatively wealthy to…
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Here’s why the improved economy means so little
The stock market is reaching record highs again, which make us moneyed people woozy. I’m modestly including myself here although I’m not that well moneyed. But I am retired on a nice pension with plenty of assets to draw on should things go south. The Dow Jones Industrial Average passed 27,000 yesterday and closed for…
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Republicans continue to make the rich richer and the poor poorer
It’s pretty hard to keep up with the inanities coming out of the mouth our “president”. As a Democrat he sure embarrasses me, but I often wonder why Republicans are not. If retiring Senator Bob Corker (R-TN) is correct, most Republicans in Congress are embarrassed by Trump, but can’t summon the political will to say…
Occam's Razor 