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Municipal bonds used be a clumsy investment for most people, especially when one had to buy them individually, usually at $50K and above, from brokers. Then came mutual funds which offered portfolios and charged, with the exception of Vanguard, fairly large fees and were far from liquid. Now, the EFT phenomenon has come to municipals and it is going to be explosive.
Read →Google could easily lose half of its market value without a real stock market crash - here is why.
Read →Cody Willard is getting his big break with Fox Business Channel but he seems so ill-equipped to be providing any level of financial commentary.
Read →We will never know if Caterpillar's Q3 result caused today's crash, but the stock was among the biggest Dow losers. I can't figure out why everyone is so scared.
Read →Joe Torre turned down an offer to stay with the Yankee's for $5 million, with the possibility of making an additional $3 million in bonuses if his team reached the World Series.
Read →Happy Friday. On this day we have several banks who have increased their CD rates. Banks are looking for your money.
Read →Wachovia today reported pretty much the same as other banks, lower earnings due to turbulence in the credit markets. It missed analysts expectations due to a $1.3 billion write down from bad loans and mortgage related products. McDonald's on the other hand reported stellar earnings and profits. What does this say?
Read →October 19, 1987 was the real thing. Today, 20 years to the second, the markets' extreme declines are just the reaction of the children pushing buttons and the superstition of not very intelligent people. Just listen to CNBC and all the talking heads helping to push the markets even further as they join the panic. But, this will not be 1987, and Monday things will be much better after the children party and rest over the weekend.
Read →SanDisk reported last night. Their results were fantastic, yet the stock barely traded up. This morning, it is down big. What gives?
Read →Holy Hell, oil just topped $90 a barrel in after-hours electronic trading. Will we feel the pain?
Read →The Google machine continues to gain momentum. The company beat analysts expectations and profit rose 46% in the last quarter. Can anything stop them?
Read →Ebay's results were spectacular. The stock is a buy.
Read →Remodeling Activity Forecast to Trend Down in 2008 According to Harvard
The Harvard Joint Center for Housing Studies projected that housing remodeling activity would be down in 2008. Bad news for Home Depot, Lowes, and thousands of contractors, etc. More fallout from a slumping real estate market.
Read →Countrywide's stock traded very oddly today, as if someone knew something. I bet they did.
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