On the average day on Wall Street these days, more trades are executed than the sum total of trades in 1960. Sure, technology has made trading easier- but, as far as I know- the rules of investing haven’t changed that much. Investing is supposed to be how you make money on Wall Street- that’s why Read More
It’s time for a reality check. Saying sorry, or having multi-millionaires working for a buck, or even giving up your corporate jets just ain’t going to cut it. Nope. For losing over 25% of market share in 40 years- while paying lavish salaries it’s time for new rules and a brand new attitude. In Japan, Read More
Investing and the market should be about good faith in a company- after all, isn’t that what all the debt rating agencies are supposed to help us with in making decisions? Just yesterday, Standard & Poors warned it may downgrade GM’s credit rating- which helped kill off 31% of the stocks value. That’s a serious Read More
Without systemic change, nothing changed. The bailout was passed, and even despite protecting the wooden arrow manufacturing industry in the US, we’re still up the proverbial creek. The markets are unstable, irrational and the wild swings are more than markets can handle. The Wall Street Casino may as well have gone bust. It’s time to Read More
The latest round of Senate talks on the “bailout” package still hasn’t addressed directly helping the people who are being asked to foot the bill. Reminds me of Wimpy- who wants a hamburger today, but will gladly pay you Tuesday – without saying what Tuesday in what year, with what money. The bone that’s being Read More
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