Happy Anniversary!
A year ago today, on September 15, 2008, Lehman Brothers, one of the largest and oldest investment banks in the U.S. filed for bankruptcy, and set off a financial collapse that was felt across the globe. It seems like a…
Scarcity Breeds Clarity
Every year the founders of the search company Google write an annual founders letter to shareholders. Though it has not been around as long as Warren Buffet's popular annual letter to Berkshire Hathaway shareholders, it is a good read for…
Nice Rally, but More Pain Ahead
The March stock market rally was welcome, long overdue, and helped erase some of the losses experienced in investment portfolios this past year. Stock markets do not usually move in a straight direction for long. The last two quarters have…
FINALLY!!!
Yesterday the Treasury Department finally released details of their Public-Private Investment Program designed to create a market for the "toxic" assets that have been weighing down our banking system. The stock market liked what it saw, and Bill Gross of…
The Strong Survive – Getting Stronger
Circuit City finally closed its doors on its 600 stores last week, eliminating another 34,000 jobs in the economy. Best Buy is still in business, a little leaner after some layoffs and early retirement buyouts. They will probably emerge from…