In a recent feature story on 60 Minutes, Steve Kroft detailed how many in Congress use their privileged access to information on pending legislation, investigations and regulations to line their own pockets. Much of the piece was based on research of Hoover Institute fellow Peter Schweizer from his book “Throw Them All Out”. Among the surprising revelations in the book – Congress is exempt from prosecution for the same kind of insider trading that would send the rest of us to jail.
Archive for the 'Stocks' Category
Most investors believe that the stock market will benefit from Republicans taking control of either the House or Senate in the fall. With that expectation, a rising market could very well be a self-fulfilling prophecy. If the GOP begins to look like it has a realistic chance of taking control of one house, the opportunities may come along sooner rather than later.
Human error? Computer error? Greece? Spain? China? WHAT IN THE HELL IS GOING ON?!?!?! Wall Street Journal tries to sort out the mess… A bad day in the financial markets was made worse by an apparent trading glitch, leaving traders and investors nervous and scratching their heads over how a mistake could send the Dow [...]
Not yet says Robert Shiller, the author of Irrational Exuberance and creator of a variation of the P/E ratio (price/earnings) called CAPE (cyclically adjusted price/earnings). Here he goes into how CAPE is determined and how it’s shows that there’s still room to go down. Are you buying right now? Tweet