October 2008

We've all been hearing that question....is this the bottom? Some believe it is, some say buyer beware if you are getting into this market.  There are two things to consider as you go forward in my opinion.  First, what is your personal debt right now? Look at your mortgage, your car payment, and credit card situation.  That' the first priority.  (I sound like Ramsey, yikes.) If you are in a ... read more

Tomorrow at Noon Eastern we are going to answer your questions. What is it you want to know? We're looking for questions that relate to your investments. Is it portfolio advice? Is it what to do with your stocks you are holding? Many of you have said to me in earlier posts you think the government has done nothing to help you and is making the situation worse.  Now is your chance......post ... read more

I'm not sure how many more tricks Hank and Ben can pull out of their hats.  It looks like we're going down to one percent interest rates like we had under Alan Greenspan.  The fallout from that could be what got us here in the first place:  cheap credit.  Or will it? Money was cheap and flowed freely, banks were lending (mortgage companies were giving "cash back" on homes if you can believe ... read more

That sums it up today.  The Dow dove 800 points, and then closed down below 10K.  This is a mess. You can't escape the feeling of fear, the feeling of distrust, and the feeling of loss.  Europe really smacked us down, and I don't believe we would have had the day we did without that influence. They need to figure out what they are doing over there.  I understand their economy is possibly ... read more

That pretty much sums up how Congress feels about the rescue package that was signed today by President Bush.  By now they are on planes heading home to face their constituents, and they are not happy about their situation.  Sure, they voted yes, and many changed their minds from their initial no, but now the work has to be done.  I plan to blog about the next move by the Treasury this ... read more