Archive for Investing
Abby Joseph Cohen at Goldman Sachs Declares Recession Over
Posted by: | CommentsYou’ll forgive me if I don’t give a flying leap about whether or not Abby Joseph Cohen things the recession is over. The Goldman Sachs perma-bull was famous for being “right” about the ever rising stock market of the 1990s. Too bad she has never been right about a single declining stock market. Imagine you had a warning light that would light up red whenever the market was... Read more→
Are TARP Repaying Banks Good Investments
Posted by: | CommentsWhether or not now is a good time to invest in banks that are repaying their US government bailout dollars to the Treasury is an easy analysis to make, but a tricky question to answer. Which among banking stocks like JP Morgan ( JPM ), Goldman Sachs ( GS), Bank of New York / Mellon ( BK ), and Wells Fargo ( WFC ) are good stock market investments in this economic environment? For those large... Read more→
529 Plans New Rules for 2009 and 2010
Posted by: | CommentsIf you have money in a 529 plan to save for college, good for you. 529 plans represent one of the best vehicles for educational savings, and with the cost of tuition skyrocketing faster than anyone can keep up with, they also represent the middle class’ only hope of paying for even 1/2 of a college education in the future. When 529 plans were created, lawmakers attempted to correct some of... Read more→
Sell Banks Stocks or Buy Bank Stocks
Posted by: | CommentsOk, here it comes. After the government released the results of its stress tests, banks are scrambling to come up with ways to raise huge amounts. It seems that the government money that was a much vaunted and absolutely necessary lifeline to banks has become tainted now that it comes with, horror of horror, strings on how the money can be spent. As if the banks ever handed out a huge loan... Read more→
