Personal Financial Advice from a former Certified Financial Planner
Uber Buys Drizly for $1.1 Billion Once upon a time, people believed that Uber had some form of value. Its app was revolutionary. Its concept of using ordinary people using their own cars to provide rides was revolutionary. But, it turns out that it wasn’t so much revolutionary, as just …
Nothing makes a financial journalist salivate more than the sweet sound of statistics to make their stock market warning article sound more legitimate. Of course, numerous statistics are meaningless, others are easily cherry-picked based on data, and still others are far less useful or predictive than other statistics that might …
Updated 02/01/2023 According to a Marketwatch article, “Man credited with calling the 2008 crisis says the next 20 years in the stock market will ‘break a lot of hearts.” Whew. That’s a lot to unpack. Let’s start with a 20-year call being virtually worthless. In the next 20 years, I …
The results of the stock market for 2011 are basically flat. While the Dow Jones Industrial Average can claim a small gain, the S&P 500 Index ended 2011 with a small loss. Likewise, the NASDAQ ended down for 2011 as well. 2011 Dow Jones Up The Dow finished up for …
Republicans Win House, Democrats Keep Senate – Gridlock? Traditionally, Wall Street and big business have favored gridlock in Washington D.C. The idea is that when Republicans and Democrats are busy fighting each other, they can’t be changing the laws and regulations that businesses already know. Theoretically, any currently successful business …
Everyone is worried about if and when the Federal Reserve will raise interest rates, even though the Fed itself continues to say that it is not considering doing so. That is what happens when interest rates are so low (basically just above zero) that everyone knows the only way they can go is up.
I fired off a quick post yesterday about the “news” that Goldman Sach’s Abby Joseph Cohen declared the recession over. If you missed it, I made the point that an arrow pointing up painted on a wall had just as accurate of a track record as Ms. Cohen did over …
