Finance Geek

A day after posting the best gains since mid-July, the Dow fell 2.5% to 9713 while the S&P 500 shed 2.8% and the Nasdaq declined 2.5%. The losses left the Dow essentially flat for the month wile the S&P and Nasdaq snapped their streaks of monthly

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Even with Friday’s dip, both oil and retail gasoline prices are near their highs of the year. The good news is energy prices typically peak around this time of year amid buying in anticipation of winter heating season.”Odds favor we’ll get a correcti

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RealClearMarkets: You sat down recently with Wall Street legend Teddy Forstmann to discuss your new book, The Sellout, and the genesis of the mess we now find ourselves in. Forstmann said it all began as a “cold” back in the 1970s and 1980s, and that since no one ever learned much about that cold, or did anything to treat it, it developed into the “cancer” that rocked the market and economy last year. As you pointed out during your conversation, these guys have been bailed out several times before, and that the risk-taking grew-exponentially-each time as a result. So where…

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Remember last fall, when our government explained that the reason we needed to give $800 billion to Wall Street was so the banks could lend it back to us and shock the economy back to life again?That was a happy story!And we fell for it.What happened, of

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Economy: As we said as far back as February, it was likely the U.S. economy would grow by the third quarter of this year. Well, it did - and the 3.5% rebound was better than expected. But hold the hallelujahs, at least for now.
It’s almost certain that the U.S. emerged from recession sometime during the summer, most likely in June. But those who want to credit the $787 billion “stimulus” package passed in February should likewise refrain from saying “I told you so.”
They include presidential adviser Larry Summers, who said last week that “thanks largely to the…

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The Lexus LFA is designed to compete with the hottest hot rods. It’s a breathtaking display of ego – and the last thing Toyota needs to restore its tarnished brand.

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Investors just starting out — or getting back in — could do worse than to ride the Oracle of Omaha’s coattails. Here are half a dozen of his favored stocks.

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