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We’re About to See a Huge Buy Signal
Happy Saint Patrick’s Day.
On or about 420 A.D., a Christian missionary supposedly rid Ireland of snakes. Ever since then, those of Irish decent – and those who just want to drink like they are – have celebrated this event by feasting on corn beef and cabbage, slamming down steins of green beers chased by shots of Glen Livet, and tossing buckets of green food coloring into the Chicago River.
While Ireland remains free of snakes today, Wall Street is slithering with them. But Saint Patrick is nowhere to be found. So our political leaders have decided the best way to get…
17Mar2009 | Stansberry and Associates | 0 comments | ContinuedThe Ship – RMS Treasuries
I am not sure where this old saying originated – “a calm sea does not a skilled sailor make.” This old saying is absolutely relevant in the investment world of today. The average individual investor turns to Wall Street investment “professionals” to guide them through these difficult economic times.
Yet most of these so-called professionals are clueless. Why? Because all they have ever experienced in their careers are bull markets in stocks and bonds – in other words, calm seas. They entered the investment business in the 80s or 90s and have seen only good times with very brief interruptions…
8Dec2008 | Oxbury Research | 0 comments | ContinuedHow to Buy Gold Stocks for Free
Managing your own investments can be either one of the most rewarding or the most frustrating experiences you’ll ever have.
Investing successfully is like becoming successful at most everything else. It takes a good bit of time and a willingness to learn. It takes a good bit of humility…if not, you’re going to learn a bit of humility. Basically, it’s not easy.
Over time though, achieving financial independence in exchange for riding out the ups and downs, buying when no one else is willing to, and taking the time and exercising patience is truly worth it.
And that’s the key. It’s…
6Dec2008 | Q1 Publishing | 0 comments | ContinuedDid Wall Street’s “Secialists” Save Us from a 1,300-Point Decline on Monday?
The 777.68-point nosedive in the Dow Jones Industrial Averageon Monday was the single-biggest point drop ever, eradicating $1.2 trillion in shareholder wealth, and leaving mainstream investors feeling shell-shocked after the House of Representatives rejected a $700 billion banking bailout bill.
But here’s what most people don’t know.
The damage could’ve been much worse.
In fact, without a little-known group of traders, known as “specialists,” Monday’s wrenching drop could have extended into a 1,500-point freefall. Without these specialists, Americans could’ve easily watched as half their retirement savings was vaporized during the day’s seven-hour trading session. So, here are these market-miracle-makers. Should we be thankful…
3Oct2008 | Money Morning | Comments Off | ContinuedBEING STREET SMART
Will they never learn? Financial firms get greedy. Regulators make rules. Congress passes laws. Markets hand back unintended consequences. Over, and over, and over again.
What is going on now is not new.
Two hundred years ago Thomas Jefferson said, “I believe that banking institutions are more dangerous to our liberties than standing armies.â€
One hundred years ago Henry Ford said, “It is well the people of the nation do not understand our banking and monetary system, for if they did I believe there would be a revolution tomorrow morning.â€
Over the years, and as a result of previous financial debacles, a few…
Housing Market: Home Depot Tells All
Last Saturday morning my father and I made our weekly trip to the local Lowes. For some reason, it has been a tradition amongst the men in my family to make at least one home improvement store trip each Saturday. More often than not, due to poor planning and forgetfulness, we make several trips before we finally get a project finished.
This week’s trip was a bit different than normal. We arrived at the usual time, right after our morning coffee, but something was different. We got a parking spot right up front. Instead of walking across a parking lot half…
26Feb2008 | Guest Contributor | Comments Off | Continued
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