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Stock Market

Quick market takes for the week ending 10/07/2011

October 09, 2011
Here is the local take on the S&P500 from Traverse City, Michigan.The S&P500 started the...

CBO: Millionaire tax proposal would take 10 years to cover cost of jobs bill

The Congressional Budget Office (CBO) issued a report on October 7th regarding President Obama's proposal to institute a tax on millionaires to help cover the costs of his jobs creation plan.  The results showed that a surtax...
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Why should anyone buy stocks now?

Why should anyone buy stocks now?  Well, aside from an understanding that the greatest gains are made from the deepest depths when things look the bleakest, equity markets hold tremendous long term relative value versus low paying treasuries and...
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First two bank failures in October occur in Missouri and Minnesota

There were two banks that closed their doors on Friday, October 7th in the states of Missouri and Minnesota after the market closed.  The River Bank, located in Wyoming, Minnesota, and Sun Security Bank, located in Ellington, Missouri, are...
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Dexia ready to slice the pie of losses; Luxembourg first to go

Dexia is frantically working to divide its losses between the governments of France and Belgium while attempting to sell its Luxembourg assets to interested parties.The Grand Duchy of Luxembourg would be willing to become a shareholder if such a...
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Wall Street protests

Wall Street ProtestsI am veering a bit from my usual dividend investing because this subject actually impacts investing in the American dream.What is this protest all about?  Apparently there are a number of issues that everyday ordinary Americans...
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Earnings revisons coming soon, how will stocks react to this earnings season?

Double dip recession fears and the earnings season coming up may lead to a revision in S&P earnings forecasts. The 'fears' part of the previous sentence seems to be trumping the 'earnings' part as...
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Cannabis play CANA reports another record month of revenues / more then 3fold

 A stock we've been following closely - Medical Cannabis play CANA reports another record revenue month...They are among the fastest growing otc stocks we track @  sister site www.greenbackers.com. General Cannabis Announces Record Monthly Revenue...
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Debt Crisis: three days into new fiscal year borrowing increased $162 Billion

The US government is now just four days into the new fiscal year, and in the last three days alone, the Treasury has borrowed $162 Billion dollars to keep the government running.  This new borrowing continues to increase the...
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