Here’s today’s key Wall Street Journal headlines: Stocks Retreat Moody’s Cuts U.K. Lenders (banks) Fitch Cuts Spain, Italy EU Steps Up Crisis Response Payrolls Rise as Striking Workers Return Even though mixed signals are part of the game, it’s easy to see that investors are scared and Europe is in real trouble.  Nothing’s changed. XRef these blogs for more info: Asset...Read More

Stock market hostilities won’t subside until central governance stops throwing money around and starts fixing the Market’s problems. President Obama’s speech today was another desperate plea for more money; and he’s looking more like a subprime mortgage borrower did during the housing collapse – please, please, just one more re-finance – than a chief executive officer. And it’s hurting the...Read More

Today is a very sad day.  Apple icon Steve Jobs died today. May God rest his soul and bless his family, friends, coworkers and employees – and every investor at every corner of the world.  Today we lost someone very special. And those in the iCloud got one legend richer.  Godspeed!Read More

First things first, it’s quite hypocritical for the US government to continually excoriate the Chinese for manipulating its currency by not allowing it to appreciate. I don’t understand the US stance. The Chinese currency has risen steadily and in dramatic fashion for more than a decade while at the same time the US government has been...Read More