Recently Warren Buffett told news media that he would agree on rich people paying higher taxes. I respect Warren Buffett but I am surprised that he would say that. Well, I am assuming the wealthy people pay taxes the same (or similar way) as every other American. For a regular Joe, it may sound like Continue reading →
Making 45% Annually Trading Options Against Dividend Growth Stocks
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Idiocy drives the market these days
Well I wanted to write something what I think about this market and investors who are selling and asking questions later, but at this point I am so disgusted that I lost my appetite. When yesterday SPY dropped and erased all gains from Monday because of French banks, my first though was “who cares?”. When Continue reading →
Is there someone who trusts credit agencies today?
Investors once again dumped stocks this morning after Standard & Poor’s rating agency cut the US rating. What the heck? Who trusts the agencies which were always wrong? Those agencies are or were the problem of the mess in 2008 – 2009. Just remember companies such as Lehman Brothers and AIG! These agencies gave AAA Continue reading →
Investors in panic dumping bath water with a baby
Amazing days in the stock market. A relief rally diminished this morning. Are we at the bottom yet? People predicting a doomsday or recession are now stronger. Some even are saying that the US has never left recession. Are we really at the same situation or even worse that we were in 2008? I do Continue reading →
Market in free fall – are we back in recession?
If you are thinking to be bullish these days (start buying stocks) I would postpone it a bit. We may see more on the downturn in this market. Tomorrow we will see some labor data published and they may stop this fall, but do not expect it much. I would say that data will be Continue reading →
SPY sell-off
When I said “Everything can happen” yesterday, so today it happened. I expected a bounce, which haven’t arrived. Instead the market opened with a gap. It was a bit obvious last night when watching futures where we will be heading at open. So what am I doing? As I said yesterday, I have my stop Continue reading →
S&P 500 reversal or further downtrend?
Yesterday S&P 500 (represented in my posts by SPY) broke through $126 support level on a high volume. It did exactly what I was expecting a few weeks ago when I was thinking it would go all the way down to this support level. I was wrong on a little bounce circa a week ago, Continue reading →
How to avoid default notes when investing with Lending Club?
Investing with Lending Club is my another investment vehicle. With Lending club you can become a bank and lend your money to another borrower and you can gain quite a nice interest by doing so. Even though Lending Club screens every applicant (and they deny circa 90% of all submitted applications) time to time you Continue reading →
Trade 07/21/2011
Well, I must admit that I was probably wrong in judging the market direction. I didn’t expect today’s move I rather saw the market bouncing around the same level or slipping down. However Greece issue (not sure how efficient the bailout will be) along with good earnings helped to move the market back up. That Continue reading →
Trade 07/20/2011
Today, based on the market’s movement, I am even more convinced that this market is poised for decline. It may not happen, however, but at this point I think it will. It still may be bouncing a bit at the resistance level, or even go up a bit, but that will provide better position to Continue reading →
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