Is the Bonds Bubble Going to Bust?

At the end of the dot-com stock boom in late 1999 and early 2000, it was harder and harder to find someone to say that buying into that mania was a mistake. There were plenty of Wall Street veterans who saw a catastrophe in the making. But many increasingly felt like idiots voicing that opinion publicly because they had been so wrong for so long. It's like the same thing with the current bond market. Are we headed down the same path. Government and Corporate backed bonds seem to be in vogue right now, and the cash flowing into them seems close to unstoppable. Click here for the rest of the article that inspired this post. Tags: , , ,

Stocks seesaw after sprint

Wall Street seesawed Tuesday as a better-than-expected housing market report vied with a surprise drop in consumer confidence, leaving investors wary of pushing stocks much in either direction. Is another Wall Street Crash Coming? Tags: , , , , , , , , ,

Downturn overshadows key air show – BBC News

Telegraph.co.uk Downturn overshadows key air show BBC News Aerospace and defense companies are gathering at the Paris air show this week in the midst of an economic crisis that is crippling the industry. Backed by Boeing, Airbus urges patience on crash Reuters Airbus Warns Output Could Drop as Much as 25% in 2010 and 2011 New York Times Wall Street Journal - guardian.co.uk - Sawf News - Seattle Times all 1,455 news articles The rest is here: Downturn overshadows key air show BBC News Tags: , , , , , , , , , , , , , , , , , , ,

The Socialist Bailout of Wall Street

The massive federal bailout of U.S. financial firms reflects everything that’s wrong with the economic system of welfare and interventionism under which the United States has operated since at least the 1930s. There are critically important lessons in the bailout that the American people ignore at their peril. While most politicians and mainstream pundits are viewing the bailout as a necessary “reform,” it is imperative that we place this “reform” in a much wider and deeper context. In doing so, we need to return to first principles.  Full Story You should read the rest of the article it's pretty good.  I challenges you to think how how much economic liberty we would have if we had: No Welfare, No Immigration controls, No public systems, no Federal Reserve, No welfare, No Social Security.  Oh yeah, and No income tax, cap gains, or estate tax.  Wow...heaven...:) Tags: , , , , , , , , , , ,

Surviving the slump

The crisis began on Wall Street. Financial conjurers suddenly discovered that their tricks for making risk vanish had only disguised it. Their leveraged bets went sour, and the derivatives they thought insured them against any shock turned out to be worse than worthless.  Check out Express India for the rest of the story. Are you ready to surive another Wall Street Crash?  I know I am.  BTW, are the Chinese really going to by Hummer from GM.  Would you have guessed that 3 years ago? Tags: , , , , , , , , ,

Wall Street 2 The Oliver Stone Sequel Will Have Javier Bardem

Javier Bardem has joined the cast of Oliver Stone’s Wall Street sequel.  It has a working title of Wall Street 2, but I just looked on IMDB.com and they're calling it Money Never Sleeps.  He’ll be playing the film’s villain against Shia LaBeouf and Michael Douglas (Douglas isn't the villain?)  Is he going to redeem himself? . Here is a taste of the plot:  Shia LaBeouf "transforms" into a young Wall Street trader whose stockbroker mentor kills himself. He blames a Bardem's character (a hedge fund manager) responsible for major stock shorting in his mentor’s death and seeks the help of  Gordon Gekko. No Charlie Sheen?  All of us at Wall St Crash are super excited!! Tags: , , , , , , , , , , , , , ,

Bad New Deal 2.0

10 years after the the 1929 crash on Wall Street, the Treasury Secretary of the US was quoted saying  "We have tried spending money. We are spending more than we have ever spent before and it does not work. And I have just one interest, and if I am wrong...somebody else can have my job. I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promise."  That's one scary thought.  Do we ever learn from history. Tags: , , ,

History of finance – Wall Street corners mark it

Jakarta Post
History of finance: Wall Street corners mark it Jakarta Post, Indonesia - 18 hours ago October historically being the cruelest month on Wall Street, emphasis is on the October 1929 stock market crash that triggered the Great Depression and a ... US STOCKS-Wall St sells off as consumers snap wallets shut Hemscott all 7 news articles
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WSJ.com’s inside look at the markets – Wall Street Journal Blogs

Albany Democrat Herald
WSJ.com’s inside look at the markets Wall Street Journal Blogs, NY - Oct 28, 2008 Such activity was a key catalyst in the 1987 stock-market crash. The old NYSE curbs would kick in if the exchange’s Composite moved precipitously from the ... NYSE Stock Market Crash Circuit Breakers No Help to Portfolios The Market Oracle Stock drops trigger circuit breakers Calgary Herald How Low Dow Needs to Go Before Trading Timeout Starts Washington Post Reuters - U.S. News & World Report all 132 news articles
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The anatomy of a crash: What the market upheavals of 1987 say about today

Twenty years ago on Friday , traders in New York arrived for the start of the working week in a worried frame of mind. Wall Street stocks had shed more than 5 per cent the previous Friday, leaving them with a weekend to ponder where the market would go from there. Tags: , ,