Archives for: "September 2008, 23"
Yesterday, with the government's outrageous ban on all short-selling of financial stocks, the XLF "Financial Select Sector SPDR", a reasonable representation of the market's financial sector overall, fell 8.2%. Financial stocks have been very volatile… more »
Although it makes me nervous to have a lot of people in agreement on predictions for financial markets, several friends who I spoke to over the weekend all agree with me that the Dow is likely to drop below 10,000...and fairly soon. The journey began… more »
Here's an excellent article explaining how Democrat's party-line blocking of Fannie Mae and Freddie Mac reform was substantially responsible for today's financial turmoil. The end of the article notes that "Senator John McCain was one of the three… more »