Cyprus “reached” a “deal”. And what a “deal” it is; take a look: http://finance.yahoo.com/news/cyprus-eu-imf-agree-draft-002707985.html Pay close attention to these details: * Cyrus will close its second largest bank (Laiki), * Deposits under €100,000 (Euros) will be transferred to the biggest bank in order to create a “good bank” (whatever that means), * Deposits ABOVE €100,000Continue Reading …
February 27, 2013 By
Where is the market headed – Feb 27, 2013
In the past few days, the stock market as represented here by the S&P 500 (SPX) has made some up and down moves. It reached a high of 1531 and dropped 43 points to 1488 on Monday, Feb 25, 2013. It closed today @ 1516, a rise of 28 points and thus erasing 65% ofContinue Reading …
February 24, 2013 By
The gold drop – Feb 24, 2012
In the past 2 months or so gold started a major slide as you can see in the chart below: We read and heard that it is mostly due to Hedge Funds, George Soros and other major players who are selling gold as it is losing it’s appeal due to improvements in the economy. I hateContinue Reading …
February 17, 2013 By
Magazine screams BUY! The Stock Market
Below is a copy of the front page headline from a major Canadian Magazine. The article actually deals mostly with the US market. Here are what the “experts” are basing their reasoning on: 1) Inflow of funds into US based equity funds during the first 2 weeks of 2013 is the biggest 2 week netContinue Reading …
February 10, 2013 By
The poor victims on Wall Street – February 10, 2013
The US Department of Justice (DOJ) is suing Standard & Poor’s (S&P) for the ills of the toxic mortgage fiasco. Late’s take a look at a scenario where you decided to buy a car. You do your research, read the Consumer Reports, and other publications as to the “ratings” of the various cars, in particularlyContinue Reading …
