Yes, actually I am being facetious.
After the House failed to pass the bailout yesterday the DOW took a 777 point tumble. Today, it regained 485 points. Yes, it is still down…
But, the world financial markets did not crash.
Many argue the market is “holding on” because everyone knows a bill will be passed later this week.
Probably. [...]
Continue reading about Wait, You Mean The Financial Markets Didn’t Crash?
Yes, I know the consensus is “something” has to be done. Yes, I know the dire scare tactics being used. Yes, I know it has the support of the democrats, many republicans and the President. Yes, I know it is probably a given that it will pass and be signed into law.
BUT IT SHOULDN’T BE!
What [...]
Continue reading about Hoping Against Hope That the Bailout Will NOT Pass
Financial strife is always stressful. No matter how much you prepare and plan unexpected events will always lead to unexpected results. You can’t plan for every contingency… or more to the point every market change.
I am going to talk about investors in two general categories. The first is real estate investors. No, not the speculators [...]
Continue reading about The Smart Investor Knows the Rules of the Game Have Already Changed
In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.
The action, which will begin as a pilot program involving 24 banks in 15 markets — including the New York metropolitan [...]
Continue reading about NYT Revealed True Cause of Fannie Mae Crisis — In 1999!
Yesterday, I received several calls, emails and instant messages with the same theme…
The markets are crashing around us! Should we liquidate? The media (and Obama) are exclaiming this to be the worst catastrophe since the Great Depression! How will we ever survive this mess?
I reminded them if their stop loss settings kicked in and a [...]
This is going to be a very volatile day on Wall Street.
Unless you are a street or day trader, today is the day to concentrate on anything BUT the stock market.
At a macro level, there is some support at the 11,000 range for the DOW. The market will surely test that today. If it closes [...]
Continue reading about Today is NOT the Day to Watch the Stock Market
If you cruise the various boards and blogs one almost continual discussion deals with whether you should manage your own properties and do your own repairs. Assuming, of course, you are capable of doing them.
You will see wild claims from both sides of that argument about which approach is better and how the other side [...]
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