Monthly Archives: April 2009

29 Apr, 2009

When do bear markets end?

I have heard many talking heads on TV proclaim that the market finally can go up now. The dow now is at 8150. These same talking heads were also despondent in  early March, as they proclaimed that oil would hit $25, and that fair value on the S&P500 was more like 9 times earnings of [...]

By sarnuk | Posted in Market Commentary | Comments (0)
06 Apr, 2009

“Unintended Consequences”

I’ve been hearing the term “unintended consequences” alot lately.  Here are some of my most important unintended consequences: 
1) The rush to implement the TARP program late last year by the Bush administration has yielded a huge benefit to the big government Obama administration.  They are using the TARP money to hold the bankers hostage http://tinyurl.com/cmol3v
2) [...]

By jsaluzzi | Posted in Market Commentary | Comments (0)
01 Apr, 2009

Mark-to-Market for dummies

Lets say you own a 1988 Dodge Aries K-car.  Its got 157,000 miles on it.  It is pretty banged up – lots of dents, rusting paint and when you start it up, black smoke comes out of the tailpipe.  You would love to sell this but there are not many buyers for Dodge K-cars and [...]

By jsaluzzi | Posted in political | Comments (0)