Archive for October, 2007

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Monday On Wall Street

Saturday, October 20th, 2007

Last Friday marked the 20th anniversary of “Black Monday”, in which the Dow Jones slid 508 points.  What’s interesting about this is that many blamed the Monday slide in 1987 on a big sell-off on the previous Friday.

Well, since I’m a firm believer in the notion that history bears repeating itself, I’m currious as to what direction the market will take Monday morning, after the 360 point dumping the Dow took last Friday.

The market has been volatile, more so it seems than normal.  We’ve seen periods of 120+ point gains several days in a row, and then a major short period sell off.

Anyway, the financial news is abound with speculation …

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Posted in Economics, Investing | 2 Comments »

Where, oh where is the outrage?

Thursday, October 18th, 2007

Another example of economic short-term memory.

Crude prices are continuing upward, as today Nymex Crude closed just shy of $90 per barrel. But in contrast to previous spikes, we’re not hearing the political sounding board in Washington cry for windfall profits taxes, and the talking heads are not aghast with news of gasoline shortages…

Oil is up 8% just in the few weeks since the Fed cut interest rates to bail us out of the credit crisis, and in the process fueled one of the strongest commodities (pardon the pun) we’ve seen in a long time as the thought of a higher …

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Posted in Oil & Gas | 2 Comments »

A Quick Way to Find Your Candidate for 2008

Wednesday, October 3rd, 2007

I received the following link through an email forward from a good friend.

I’m not really into politics much, and quite frankly, our political system has hyped itself to a point where quite few people really care about what goes on in Washington, which is unfortunate.

However, if you’re a political no-nothing like myself, this little 11 question poll will tell you which of the 500-some candidates share your same views on certain topics.

Select a Candidate 2008

Good luck.

Posted in Politics | 1 Comment »

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