A couple of weeks back, the early morning market headline was that Ireland was in severe financial trouble. That worry continued throughout the day and it was enough to send the Dow down almost 200 points. Two days later the headline was that Ireland’s problems weren’t as bad as originally expected and that they would in fact survive. The U.S. market went back up 175 points. Continue Reading…
Investing in a Socialist Economy
One thing I hear frequently nowadays is that we are moving toward socialism in the U.S. We’ve seen the government take positions in banks, insurance companies and General Motors. I recently heard President Obama describe the U.S as a reluctant shareholder in General Motors. I figure all the former shareholders of GM could be described that way, given recent events. Continue Reading…