Also on last night’s Mad Money, Jim Cramer apologized for apologizing on Monday for recommending Wachovia. Confused? Apparently so is Jim. Two weeks ago he had Wachovia CEO Steel on his show. Steel talked completely positively about his bank. Cramer went along. Then when the FDIC fed Wachovia to Citigroup last week, Cramer apologized for […]
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Sat, October 4 2008 » Blog, Cramer » Comments Off on Cramer Apologizes for Apologizing
Abby, a caller into Jim Cramer’s Mad Money show last night, asked whether now is a good time to be in index funds or to get out. Jim replied that he gives one-twelfth per month into his 401(k) and his daughters’ uniform gift to minors. “I don’t sit there and say, ‘Well wait a second, […]
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Sat, October 4 2008 » Blog, Cramer » Comments Off on Cramer: I Invest in Index Funds
I’ve updated the Lazy Portfolio Smackdown returns through the end of Q3. Only mudfud and Tex Williams are in the black. They both invested in short funds, surprise! Of the professional lazy portfolios, the Harry Browne Permanent Portfolio is *only* down 2.2% YTD. It invests equal parts in total US stock market, 20 year bonds, short-term treasuries, […]
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Wed, October 1 2008 » Blog » Comments Off on Lazy Portfolio Returns Updated
Did you see Jim Cramer on Mad Money yesterday? He apologized for having the CEO of Wachovia bank on his show and then recommending we buy the stock. If you bought it, you would have lost something like 80 or 90% of your investment. Check out the full story at Huffingtonpost.
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Tue, September 30 2008 » Blog, Cramer » Comments Off on Cramer Apologizes for Recommending Wachovia Days Ago
Here are some good things I listened to or read today in trying to prepare for show 129 and trying to figure out how to survive if a collapse really does happen: NPR Planet Money Podcast 9/26/2008: The Week America’s Economy Almost Died (audio program). This explains what the credit lockup means and why everyone […]
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Sun, September 28 2008 » Analysis, Blog, Reviews » Comments Off on Studying the Collapse (repost)
Not subscribed to the Lew Rockwell podcast yet? Have a listen to this one at least. Then subscribe to all 34 of the previous ones. To subscribe using iTunes, copy this link: http://www.lewrockwell.com/podcast/feed.xml and then in iTunes click Advanced -> Subscribe to Podcast and paste the link in there and click OK. Episode 35 is […]
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Sat, September 27 2008 » Blog, Reviews » Comments Off on Stop the Bailout!
Peter Schiff of Euro Pacific Capital does a weekly show (on shortwave radio or something, but anyway). The one he did on Wednesday the 24th is a must listen. He tells it like it is. For example, “It’s not the tax payers who are on the hook for any bailout: nobody is talking about raising […]
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Fri, September 26 2008 » Analysis, Blog, Gold, Predictions » Comments Off on Another show to hear
I am having trouble keeping up with all the economic news. And why should I, really, if I’m a buy and hold investor? Oh yeah, I do a podcast in the investing category. Well, like my momma told me, if you don’t have something nice to say, don’t say anything at all. Therefore, show 129 […]
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Fri, September 26 2008 » Announcements, Blog » Comments Off on Tumult
I actually recorded some stuff for show 129 today and I’m going to delete most of it and instead let you get the info directly for yourself. I wanted to focus on three people I respect get their opinions of what is going on with the financial crisis and what we should be doing right […]
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Wed, September 24 2008 » Announcements, Blog » Comments Off on Get Show 129 Extras Right Here
So shorting financial stocks was outlawed last Friday. The little guy is not allowed to make money off of the financial collapse. SKF is the ProShares UltraShort ETF that has the objective of being 2X short the S&P Financials index. When XLF goes down 1%, the SKF is supposed to go up 2%. The rules […]
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Mon, September 22 2008 » Analysis, Blog » Comments Off on Relationship of XLF, SKF, and RFN today
Now that AIG has been taken over by the USA, the Barclay’s English Premiere League soccer team Manchester United has revealed their new kit. The uniforms will retain the same colour scheme, but will have their new sponsor’s logo prominently displayed on the front. “It is business as usual for us,” said a spokesman for […]
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Wed, September 17 2008 » Blog, Fun » Comments Off on New Manchester United Uniform